Private Real Return Portfolio 2020, L.P.
Built from the SEC filing index the day the filing landed. The figures below are the issuer's own from Form D; AltStreet's analysis, sponsor link and data flags follow when the entity is enriched.
Raised
$35M
Investors
46
Min Invest
$10,000
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What this filing shows
·Every sentence is a value as filed on SEC Form D
Private Real Return Portfolio 2020, L.P. is a Delaware limited partnership that filed a Form D with the SEC on March 26, 2020, describing itself as a other investment fund. The offering claims Rule 506(b), Section 3(c), Section 3(c)(7) and covers pooled investment fund interests. Private Real Return Portfolio 2020, L.P. reported $35,025,000 sold from 46 investors in an offering of indefinite size as of the Form D filed March 26, 2020. 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)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $10,000. The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly. The issuer's address of record is 394 Pacific Avenue, Second Floor, San Francisco, CA 94111.
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.
In the Terminal
Filing events
0
none on file
Critical / warning
0 / 0
0 watch · 0 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
lapsed
Fund family Part of the Private Real Return Portfolio family: 8 vehicles across 8 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
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
Pro
- This issuer against its cohort: rank by velocity and share raised among offerings filed the same quarter
- The same events, statements and NAV moves across every issuer, screenable, with unlimited watches and CSV
Counts and dates above are the free record. The values, the series and the comparisons are the seat. Loading your view…
Adviser of Record (Form ADV)
CRD 159198 · SEC-registered adviser · lists this fund on Schedule D 7.B.(1) as a private equity fund
Auditor named on Form ADV: Ernst & Young LLP · PCAOB-registered per the adviser
From the adviser's Form ADV as loaded from the SEC bulk data, joined on this issuer's Form D file number. Fund-level figures and the adviser's full fund roster are in the terminal.
Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
ICQ BB GP LLC
Executive Officer · San Francisco, CA
General Partner of the Issuer
Divesh GP Makan
Executive Officer · San Francisco, CA
Partner of the General Partner of the Issuer
Questions About Private Real Return Portfolio 2020, 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 Private Real Return Portfolio 2020, L.P.?
Private Real Return Portfolio 2020, L.P. is a Delaware limited partnership that filed a Form D with the SEC on March 26, 2020 as a other investment fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(7) for an offering of pooled investment fund interests.
Is Private Real Return Portfolio 2020, L.P. legit?
AltStreet does not rate legitimacy; it reports the public record. Private Real Return Portfolio 2020, L.P. filed a Form D with the SEC on March 26, 2020 claiming Rule 506(b), Section 3(c), 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 $35,025,000 sold to 46 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 Private Real Return Portfolio 2020, 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 Private Real Return Portfolio 2020, L.P. claimed Rule 506(b), Section 3(c), 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 Private Real Return Portfolio 2020, L.P. raised?
Private Real Return Portfolio 2020, L.P. reported $35,025,000 sold from 46 investors in an offering of indefinite size as of the Form D filed March 26, 2020.
Who can invest in Private Real Return Portfolio 2020, 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. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $10,000.
What is the minimum investment in Private Real Return Portfolio 2020, L.P.?
The Form D lists $10,000 as the minimum investment accepted from any outside investor as of March 26, 2020. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling Private Real Return Portfolio 2020, 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.
Who is behind Private Real Return Portfolio 2020, L.P.?
The Form D lists 2 related persons: ICQ BB GP LLC, executive officer (General Partner of the Issuer); Divesh GP Makan, executive officer (Partner of the General Partner of the Issuer). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is Private Real Return Portfolio 2020, L.P. located?
The issuer's address on its SEC filings is 394 Pacific Avenue, Second Floor, San Francisco, CA 94111. Its phone number of record is 4159677763. It is organized under the laws of Delaware.
How long is the Private Real Return Portfolio 2020, L.P. offering open?
The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open, and no amendment is on record yet.
How large is Private Real Return Portfolio 2020, L.P.?
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.
