AIR Annuity & Life Settlement Fund, LP
Raised
$51M
Investors
15
Min Invest
$250,000
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AltStreet Analysis
·Generated from EDGAR primary sources
AIR Annuity & Life Settlement Fund, LP is a Delaware limited partnership filing under Rule 506(b) and Section 3(c)(1). This amended filing reports $50.9M raised from 15 accredited investors with a $250K minimum investment. The fund is managed by AIR Annuity & Life Settlement Mgmt GP, LLC with executive officers Richard Beleutz, Stephen Luongo, and Matthew Schaefer.
This litigation finance vehicle operates at the lower end of institutional minimums ($250K) compared to typical high-net-worth alternative funds in this category. The 506(b) exemption and 3(c)(1) structure are standard for private funds limiting to 100 accredited investors, consistent with annuity and life settlement investment strategies that often utilize litigation finance structures.
Data Flags
Critical Disclosures
What the filings and the regulators have said about this entity that a reader should know first. Each line links to its source. The history, the same event across other issuers, and alerts are in the terminal.
Reporting lapsed · Form D · last filing November 13, 2024
Offering declared to continue beyond a year; annual amendment 13+ months overdue An issuer that stops filing is the case the going-concern flag cannot catch: the report that would have carried it was never filed.
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings on Record
Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.
Capital Raise Timeline
6 Form D filings from Nov 19, 2019 to Nov 13, 2024, the latest a D/A.
In the Terminal
Filing events
1
latest Nov 13, 2024
Critical / warning
0 / 0
0 watch · 1 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
dark
Latest event Sold increase · Nov 13, 2024
SEC.govInvestor
- 1 filing event with values and deltas, latest 2024-11-13, 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.
N/A AIR Annuity & Life Settlement Mgmt GP, LLC
Promoter · Chicago, IL
Richard Beleutz
Executive Officer · Chicago, IL
Stephen Luongo
Executive Officer · Chicago, IL
Matthew Schaefer
Executive Officer · Chicago, IL
Questions About AIR Annuity & Life Settlement Fund, LP
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is AIR Annuity & Life Settlement Fund, LP?
AIR Annuity & Life Settlement Fund, LP is a Delaware limited partnership that filed a Form D with the SEC on November 13, 2024 as a hedge fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(1) for an offering of pooled investment fund interests. AltStreet links the issuer to AIR Annuity & Life Settlement Fund, LP.
Is AIR Annuity & Life Settlement Fund, LP legit?
AltStreet does not rate legitimacy; it reports the public record. AIR Annuity & Life Settlement Fund, LP filed a Form D with the SEC on November 13, 2024 claiming Rule 506(b), Section 3(c), Section 3(c)(1). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $50,931,178 sold to 15 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to AIR Annuity & Life Settlement Fund, LP, which AltStreet has reviewed. 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 AIR Annuity & Life Settlement Fund, LP 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 AIR Annuity & Life Settlement Fund, LP claimed Rule 506(b), Section 3(c), Section 3(c)(1) 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 AIR Annuity & Life Settlement Fund, LP raised?
AIR Annuity & Life Settlement Fund, LP reported $50,931,178 sold from 15 investors in an offering of indefinite size as of the Form D filed November 13, 2024.
Who can invest in AIR Annuity & Life Settlement Fund, LP?
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. Because the fund also relies on Section 3(c)(1), it may have no more than 100 beneficial owners. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $250,000.
What is the minimum investment in AIR Annuity & Life Settlement Fund, LP?
The Form D lists $250,000 as the minimum investment accepted from any outside investor as of November 13, 2024. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling AIR Annuity & Life Settlement Fund, LP 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 AIR Annuity & Life Settlement Fund, LP?
The Form D lists 4 related persons: AIR Annuity & Life Settlement Mgmt GP, LLC, promoter (The Issuer's General Partner); Richard Beleutz, executive officer (Managing Member of the Issuer's General Partner and CEO of the Issuer's Investment Manager); Stephen Luongo, executive officer (CIO of the Issuer's Investment Manager); Matthew Schaefer, executive officer (COO/CFO of the Issuer's Investment Manager). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is AIR Annuity & Life Settlement Fund, LP located?
The issuer's address on its SEC filings is Air Annuity & Life Settlement Mgmt Gp, 333 S. Wabash Avenue, Suite 2714, Chicago, IL 60604. Its phone number of record is (773) 230-2759. It is organized under the laws of Delaware.
How long is the AIR Annuity & Life Settlement Fund, LP 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; 5 amendments are on record for this CIK.
How large is AIR Annuity & Life Settlement Fund, LP?
The issuer declined to disclose its net asset value 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.