SEC filing record
Primary Source · SEC.gov

BlackRock Private Opportunities Fund V (iCapital), L.P.

Fund Vehicle2023 vintage506(b), 3(c)

Raised

$111M

Investors

205

Min Invest

None stated

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AltStreet Analysis

·

Generated from EDGAR primary sources

BlackRock Private Opportunities Fund V (iCapital), L.P. is a Delaware-domiciled pooled investment fund vehicle that has raised $111.4 million from 205 investors under Rule 506(b) and Section 3(c) exemptions. The filing was submitted as an amendment on 2023-09-06 by iCapital PE GP, LLC (promoter) and executive officer Joshua Lee, with no first sale date disclosed and no sales commissions reported.

This alternative investment vehicle uses the standard institutional exemption pairing of 506(b) and 3(c), typical for private equity and private credit funds marketed to accredited and qualified purchasers. The absence of a disclosed minimum investment on the Form D is standard practice for institutional funds where investment terms are governed by the limited partnership agreement rather than public filings.

Data Flags

entity nameEntity name includes '(iCapital)' designation suggesting platform or distribution relationship, yet no parent platform was matched in AltStreet database and iCapital PE GP, LLC is listed only as promoter rather than manager
first sale dateAmendment filing with $111.4M raised but no first sale date disclosed; while common for large institutional funds, the raise amount is at the lower threshold where date disclosure would typically be expected
investor count205 investors with $111.4M total raise implies average commitment of approximately $543K, which is relatively low per-investor for an institutional private opportunities fund, suggesting retail or lower-tier accredited access

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001934846
Entity NameBlackRock Private Opportunities Fund V (iCapital), L.P.
ExemptionRule 506(b), Section 3(c), 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)(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
Issuer AddressC/O Icapital Pe Gp, LLC, 60 East 42nd Street, 26th Floor, New York, NY 10165
Phone(212) 994-7400
Industry / Fund TypePooled Investment Fund · Private Equity Fund
Investment Company ActExcluded under Section 3(c)(7) (qualified purchasers only)
Securities TypeEquity, Pooled Investment Fund
First Sale Date—
Filing DateSeptember 6, 2023
Accession Number0000897069-23-001360
Total Offering AmountIndefinite
Total Amount Sold$111,387,500
Total Investors205
Non-Accredited InvestorsNone
Minimum Investment$0 (no stated minimum)
Offering DurationOne year or less
Revenue RangeDecline to Disclose
State (Issuer Address)NY
Amendment Count1 amendments filed

Filings on Record

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

AltStreet Coverage

Original reporting from AltStreet's daily EDGAR monitoring covering iCapital and its filings.

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All AltStreet news

Capital Raise Timeline

2 Form D filings from Jun 30, 2022 to Sep 6, 2023, the latest a D/A.

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In the Terminal

Filing events

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none on file

Critical / warning

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0 watch · 0 info

Statements extracted

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none on file

NAV prints

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none on file

Offering chains

1

lapsed

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Fund family Part of the BlackRock Private Opportunities Fund family: 11 vehicles across 3 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: 14 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
  • 1 offering timeline: velocity, share raised, first-sale lag, stalled flags

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Adviser of Record (Form ADV)

Icapital Advisors, LLC

CRD 177513 · SEC-registered adviser · lists this fund on Schedule D 7.B.(1) as a other private fund

Auditor named on Form ADV: Kpmg 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.

Item 3 changed on the Form D filed 2023-09-06: 1 related person added and 1 removed against the filing of 2022-06-30; 2 now listed. The names are in the Terminal feed.

-- iCapital PE GP, LLC

Promoter · New York, NY

Joshua Lee

Executive Officer · New York, NY

Placement Agents and Sales Compensation (Form D)

Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.

UBS Financial Services Inc.CRD 8174 on BrokerCheck

Associated broker-dealer: None · Weehawken, NJ · Soliciting in all states

Questions About BlackRock Private Opportunities Fund V (iCapital), 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 BlackRock Private Opportunities Fund V (iCapital), L.P.?

BlackRock Private Opportunities Fund V (iCapital), L.P. is a Delaware limited partnership that filed a Form D with the SEC on September 6, 2023 as a private equity fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(7) for an offering of equity and pooled investment fund interests. AltStreet links the issuer to iCapital.

Is BlackRock Private Opportunities Fund V (iCapital), L.P. legit?

AltStreet does not rate legitimacy; it reports the public record. BlackRock Private Opportunities Fund V (iCapital), L.P. filed a Form D with the SEC on September 6, 2023 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 $111,387,500 sold to 205 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to iCapital, 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 BlackRock Private Opportunities Fund V (iCapital), 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 BlackRock Private Opportunities Fund V (iCapital), 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 BlackRock Private Opportunities Fund V (iCapital), L.P. raised?

BlackRock Private Opportunities Fund V (iCapital), L.P. reported $111,387,500 sold from 205 investors in an offering of indefinite size as of the Form D filed September 6, 2023.

Who can invest in BlackRock Private Opportunities Fund V (iCapital), 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 filing lists the minimum investment as $0, meaning no minimum was stated.

What is the minimum investment in BlackRock Private Opportunities Fund V (iCapital), 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 BlackRock Private Opportunities Fund V (iCapital), L.P. and how are they paid?

The Form D names UBS Financial Services Inc. (CRD 8174), associated with None as the recipient of sales compensation soliciting in all states.

Who is behind BlackRock Private Opportunities Fund V (iCapital), L.P.?

The Form D lists 2 related persons: iCapital PE GP, LLC, promoter (General Partner of the Issuer); Joshua Lee, executive officer (Authorized Signatory of the General Partner). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is BlackRock Private Opportunities Fund V (iCapital), L.P. located?

The issuer's address on its SEC filings is C/O Icapital Pe Gp, LLC, 60 East 42nd Street, 26th Floor, New York, NY 10165. Its phone number of record is (212) 994-7400. It is organized under the laws of Delaware.

How long is the BlackRock Private Opportunities Fund V (iCapital), 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; 1 amendment is on record for this CIK.

How large is BlackRock Private Opportunities Fund V (iCapital), 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.