Angeles Direct Equity Fund 1 LP
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
$97M
Investors
82
Min Invest
$1,000,000
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What this filing shows
·Every sentence is a value as filed on SEC Form D
Angeles Direct Equity Fund 1 LP is a Delaware limited partnership that first filed a Form D on April 28, 2022 and most recently amended it on May 2, 2023, describing itself as a private equity fund. The offering claims Rule 506(b), Section 3(c), Section 3(c)(1) and covers pooled investment fund interests. Angeles Direct Equity Fund 1 LP reported $97,200,000 sold from 82 investors in an offering of indefinite size as of the Form D filed May 2, 2023. 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. 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 Angeles Investment Advisors, LLC, 429 Santa Monica Blvd, Suite 650, Santa Monica, CA 90401.
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 May 2, 2023
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
Fund family Part of the Angeles Direct Equity Fund family: 3 vehicles across 3 generations · adviser of record Angeles Investment Advisors · 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 110213 · SEC-registered adviser · lists this fund on Schedule D 7.B.(1) as a private equity fund
Auditor named on Form ADV: Ernst & Young · 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.
Angeles Real Assets GP 1 LLC
Executive Officer, Promoter · Santa Monica, CA
General Partner
Angeles Investment Advisors, LLC
Executive Officer · Santa Monica, CA
Investment Manager
Howard D. Perlow
Executive Officer · Santa Monica, CA
Michael A. Rosen
Executive Officer · Santa Monica, CA
Stephen A. Smetana
Executive Officer · Santa Monica, CA
Questions About Angeles Direct Equity Fund 1 LP
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is Angeles Direct Equity Fund 1 LP?
Angeles Direct Equity Fund 1 LP is a Delaware limited partnership that filed a Form D with the SEC on May 2, 2023 as a private equity fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(1) for an offering of pooled investment fund interests.
Is Angeles Direct Equity Fund 1 LP legit?
AltStreet does not rate legitimacy; it reports the public record. Angeles Direct Equity Fund 1 LP filed a Form D with the SEC on May 2, 2023 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 $97,200,000 sold to 82 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 Angeles Direct Equity Fund 1 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 Angeles Direct Equity Fund 1 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 Angeles Direct Equity Fund 1 LP raised?
Angeles Direct Equity Fund 1 LP reported $97,200,000 sold from 82 investors in an offering of indefinite size as of the Form D filed May 2, 2023.
Who can invest in Angeles Direct Equity Fund 1 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 Angeles Direct Equity Fund 1 LP?
The Form D lists $1,000,000 as the minimum investment accepted from any outside investor as of May 2, 2023. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling Angeles Direct Equity Fund 1 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 Angeles Direct Equity Fund 1 LP?
The Form D lists 5 related persons: Angeles Real Assets GP 1 LLC, executive officer, promoter (General Partner); Angeles Investment Advisors, LLC, executive officer (Investment Manager); Howard D. Perlow, executive officer; Michael A. Rosen, executive officer; Stephen A. Smetana, executive officer. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is Angeles Direct Equity Fund 1 LP located?
The issuer's address on its SEC filings is Angeles Investment Advisors, LLC, 429 Santa Monica Blvd, Suite 650, Santa Monica, CA 90401. Its phone number of record is 310-393-6300. It is organized under the laws of Delaware.
How long is the Angeles Direct Equity Fund 1 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; 1 amendment is on record for this CIK.
How large is Angeles Direct Equity Fund 1 LP?
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.