Saracen Digital Asset Fund LP
Raised
$5M
Investors
1
Min Invest
$1,000,000
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AltStreet Analysis
·Generated from EDGAR primary sources
Saracen Digital Asset Fund LP is a Texas-formed pooled investment fund that filed a Form D on 2022-03-07, raising $5.0M in equity securities from a single investor at a $1.0M minimum investment, under combined 506(b) and Investment Company Act Section 3(c)(1) exemptions. No parent platform or related sibling entities have been matched in the AltStreet database.
This is a small, single-anchor-investor alternative investment vehicle structured under the common 506(b)/3(c)(1) exemption pairing typical of privately placed pooled funds. A $1.0M minimum check on a $5.0M total raise is well above typical retail-accessible alternative offerings, consistent with an institutional or high-net-worth anchor structure rather than a broadly distributed fund.
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 March 7, 2022
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.
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
dark
Investor
- 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.
Neil Kelley
Executive Officer, Promoter · Houston, TX
Jamie Elder
Executive Officer, Promoter · Houston, TX
Seth Patterson
Executive Officer, Promoter · Houston, TX
Questions About Saracen Digital Asset 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 Saracen Digital Asset Fund LP?
Saracen Digital Asset Fund LP is a Texas limited partnership that filed a Form D with the SEC on March 7, 2022 as a hedge fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(1) for an offering of equity and pooled investment fund interests.
Is Saracen Digital Asset Fund LP legit?
AltStreet does not rate legitimacy; it reports the public record. Saracen Digital Asset Fund LP filed a Form D with the SEC on March 7, 2022 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 $5,000,000 sold to 1 investor. 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 Saracen Digital Asset 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 Saracen Digital Asset 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 Saracen Digital Asset Fund LP raised?
Saracen Digital Asset Fund LP reported $5,000,000 sold from 1 investor in an offering of indefinite size as of the Form D filed March 7, 2022.
Who can invest in Saracen Digital Asset 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 $1,000,000.
What is the minimum investment in Saracen Digital Asset Fund LP?
The Form D lists $1,000,000 as the minimum investment accepted from any outside investor as of March 7, 2022. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling Saracen Digital Asset 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.
Who is behind Saracen Digital Asset Fund LP?
The Form D lists 3 related persons: Neil Kelley, executive officer, promoter; Jamie Elder, executive officer, promoter; Seth Patterson, executive officer, promoter. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is Saracen Digital Asset Fund LP located?
The issuer's address on its SEC filings is 3033 W. Alabama, Houston, TX 77098. Its phone number of record is 7133667059. It is organized under the laws of Texas.
How long is the Saracen Digital Asset 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, and no amendment is on record yet.
How large is Saracen Digital Asset 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.