AltStreet
SEC filing record
Primary Source · SEC.gov

Thrivent White Rose Fund XVI Fund of Funds, L.P.

Fund Vehicle2025 vintageRegulation D Rule 506(b) with Investment Company Act 3(c)(1) and 3(c)(7); offering amount indefinite; $0 in Form D's minimum-investment field (the adviser's Form ADV reports a $100,000 customary minimum for outside investors)
Latest signalFirst saleForm D/A · 2026-10-135 events: 1 first sale, 1 sold increased, 1 investors increasedLast filing 2026-10-13

Raised

$2.0B

Investors

17

Min Invest

None stated

AltStreet Analysis

·

Generated from EDGAR primary sources

Filed a Form D on October 10, 2025 reporting no sale yet, then a Form D/A on October 13, 2026 reporting $2,001,500,000 sold (a cumulative figure that can include unfunded commitments) to 17 investors since a first sale on October 31, 2025, with no sales commissions, no finders' fees, no non-accredited investors and $0 in the minimum-investment field; the sales-compensation item is empty. The adviser's Form ADV annual updating amendment of March 30, 2026 reports the fund as 100% beneficially owned by the adviser and its related persons, with about 16 beneficial owners. One of four Thrivent White Rose funds that filed annual amendments on October 13, 2026 ($4,934,901,250 across 59 investor positions, overlap not shown), and the largest of them. Signed by Jerome H. Borden, chief compliance officer of Thrivent Investment Capital Advisors, LLC.

Private equity fund of funds: a Delaware limited partnership organized in 2025 with its office at 901 Marquette Avenue, Minneapolis; general partner Thrivent White Rose GP XVI Fund of Funds, LLC; investment manager Thrivent Investment Capital Advisors, LLC (business name Thrivent Private Investments, CRD 338378). The adviser's Form ADV of March 30, 2026 lists the fund as a master fund with one feeder, Thrivent White Rose Feeder XVI Fund of Funds LLC, gross asset value $2,001,492,843, minimum commitment $100,000, about 16 beneficial owners, 100% beneficially owned by the adviser and its related persons (0% by funds of funds), administrator Gen II Fund Services, LLC (New York), auditor PricewaterhouseCoopers LLP (Minneapolis) and custodian UMB Bank, N.A. The same ADV lists the predecessor funds of funds XIII, XIV and XV the same way, each about 100% owned by the adviser and its related persons.

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002089007
Entity NameThrivent White Rose Fund XVI Fund of Funds, L.P.
ExemptionRule 506(b), Section 3(c), Section 3(c)(1), Section 3(c)(7)
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising. Section 3(c) of the Investment Company Act of 1940: the issuer is a pooled investment vehicle relying on an exclusion from registration as an investment company. Section 3(c)(1) of the Investment Company Act: the fund is excluded from investment-company registration because it has no more than 100 beneficial owners. Section 3(c)(7) of the Investment Company Act: the fund is excluded from investment-company registration because every investor is a qualified purchaser, generally an individual with at least $5 million in investments or an institution with at least $25 million.
Entity TypeLimited Partnership
Jurisdiction of OrganizationDelaware
Year Organized2025
Issuer Address901 Marquette Ave, Suite 2500, Minneapolis, MN 55402
Phone(800) 847-4836
Industry / Fund TypePooled Investment Fund · Private Equity Fund
Investment Company ActExcluded under Section 3(c)(1) (100 beneficial owners or fewer) and Section 3(c)(7) (qualified purchasers only) (both boxes checked on the filing)
Securities TypePooled Investment Fund
First Sale DateOctober 31, 2025
Filing DateOctober 13, 2026
Accession Number0000905148-26-004446
Total Offering AmountIndefinite
Total Amount Sold$2,001,500,000
Total Investors17
Non-Accredited InvestorsNone
Minimum Investment$0 (no stated minimum)
Offering DurationIntended to last more than one year
Sales Commissions$0
Finders' Fees$0
Proceeds to Related Persons$0
Revenue RangeDecline to Disclose
State (Issuer Address)MN
Amendment Count1 amendments filed (2 Form D filings)
Signed ByJerome H. Borden, CCO of Thrivent Investment Capital Advisors, LLC

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

D/AOctober 13, 2026DOctober 10, 2025

AltStreet Coverage

Original reporting from AltStreet's daily EDGAR monitoring covering this entity's filings.

Thrivent White Rose Fund XVI Fund of Funds Reports $2.0 Billion Sold; the Adviser's Earlier ADV Shows Entirely Affiliated Ownership

The fund's annual Form D amendment reports $2,001,500,000 sold to 17 investors since a first sale on October 31, 2025, with no sales commissions and $0 in the minimum-investment field. The adviser's most recent Form ADV reports the fund as 100% beneficially owned by the adviser and its related persons.

This entity · Oct 2026

All AltStreet news

In the Terminal

Filing events

5

latest Oct 13, 2026

Critical / warning

1 / 0

2 watch · 2 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

raising

Latest event First sale · Oct 13, 2026

SEC.gov
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Fund family Part of the Thrivent White Rose Fund Fund of Funds family: 7 vehicles across 7 generations · full family and the filing behind each link in the terminal

Investor

  • The full fund family and any related vehicles (parallel, feeder, successor, sibling series) with the filing that shows each link
  • The dated record: 6 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
  • 5 filing events with values and deltas, latest 2026-10-13, and alerts on the next one
  • 1 offering timeline: velocity, share raised, first-sale lag, stalled flags

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Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

Thrivent White Rose GP XVI Fund of Funds, LLC

Promoter · Minneapolis, MN

General Partner

Thrivent Investment Capital Advisors, LLC

Executive Officer · Minneapolis, MN

Managing Member of the General Partner and Investment Manager of the Issuer

Questions About Thrivent White Rose Fund XVI Fund of Funds, L.P.

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is Thrivent White Rose Fund XVI Fund of Funds, L.P.?

Thrivent White Rose Fund XVI Fund of Funds, L.P. is a Delaware limited partnership organized in 2025 that filed a Form D with the SEC on October 13, 2026 as a private equity fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(1), Section 3(c)(7) for an offering of pooled investment fund interests.

Is Thrivent White Rose Fund XVI Fund of Funds, L.P. legit?

AltStreet does not rate legitimacy; it reports the public record. Thrivent White Rose Fund XVI Fund of Funds, L.P. filed a Form D with the SEC on October 13, 2026 claiming Rule 506(b), Section 3(c), Section 3(c)(1), Section 3(c)(7). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $2,001,500,000 sold to 17 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is Thrivent White Rose Fund XVI Fund of Funds, L.P. registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that Thrivent White Rose Fund XVI Fund of Funds, L.P. claimed Rule 506(b), Section 3(c), Section 3(c)(1), Section 3(c)(7) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has Thrivent White Rose Fund XVI Fund of Funds, L.P. raised?

Thrivent White Rose Fund XVI Fund of Funds, L.P. reported $2,001,500,000 sold from 17 investors in an offering of indefinite size as of the Form D filed October 13, 2026.

Who can invest in Thrivent White Rose Fund XVI Fund of Funds, L.P.?

The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing checks both Section 3(c)(1), which caps the fund at 100 beneficial owners, and Section 3(c)(7), which requires every investor to be a qualified purchaser, generally an individual with at least $5 million in investments. A fund normally relies on one or the other. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated.

What is the minimum investment in Thrivent White Rose Fund XVI Fund of Funds, L.P.?

The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.

Who is selling Thrivent White Rose Fund XVI Fund of Funds, L.P. and how are they paid?

The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.

Who is behind Thrivent White Rose Fund XVI Fund of Funds, L.P.?

The Form D lists 2 related persons: Thrivent White Rose GP XVI Fund of Funds, LLC, promoter (General Partner); Thrivent Investment Capital Advisors, LLC, executive officer (Managing Member of the General Partner and Investment Manager of the Issuer). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is Thrivent White Rose Fund XVI Fund of Funds, L.P. located?

The issuer's address on its SEC filings is 901 Marquette Ave, Suite 2500, Minneapolis, MN 55402. Its phone number of record is 800-847-4836. It is organized under the laws of Delaware.

How long is the Thrivent White Rose Fund XVI Fund of Funds, L.P. offering open?

The issuer indicated that the offering is intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 1 amendment is on record for this CIK.

How large is Thrivent White Rose Fund XVI Fund of Funds, L.P.?

The issuer declined to disclose its revenue range on the Form D, which the form permits.

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.