AltStreet
SEC filing record
Primary Source · SEC.gov

AG Direct Lending Fund V (Levered) Structured Note, L.P.

Fund Vehicle2026 vintage506(b), 3(c)
Latest signalSold increasedForm D/A · 2026-07-155 events: 1 sold increased, 1 investors increased, 1 large raiseLast filing 2026-07-15

Raised

$56M

Investors

6

Min Invest

$5,000,000

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AltStreet Analysis

·

Generated from EDGAR primary sources

AG Direct Lending Fund V (Levered) Structured Note, L.P. is a Delaware pooled investment fund raising capital under Rule 506(b) and Section 3(c). This amended filing reports $55.8M raised from 6 investors with a $5.0M minimum investment. The fund is managed by AG Direct Lending Fund V GP, LLC and appears to be a structured credit vehicle operated by the AG franchise.

This structured note vehicle falls within the institutional alternative credit space, utilizing both 506(b) private placement and 3(c) Investment Company Act exemptions typical of levered credit strategies. The $5.0M minimum and small investor base of 6 suggest an institutional or qualified purchaser audience, consistent with structured lending products in the direct lending asset class.

Data Flags

first_sale_dateAmendment filed with no first sale date disclosed despite moderate raise of $55.8M; typical for institutional funds but unusual for sub-$100M vehicles
investorsAverage commitment per investor is $9.3M, indicating concentrated institutional capital with one or two investors potentially representing significant anchor positions
related_personsEight individual executive officers listed alongside GP entity; unusually large executive roster may reflect complex organizational structure or multi-entity management arrangement

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001983677
Entity NameAG Direct Lending Fund V (Levered) Structured Note, 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 Angelo, Gordon & Co., L.P., 245 Park Avenue, 26th Floor, New York, NY 10167
Phone(212) 692-2000
Industry / Fund TypePooled Investment Fund · Private Equity Fund
Investment Company ActExcluded under Section 3(c)(7) (qualified purchasers only)
Securities TypePooled Investment Fund, Other
First Sale Date—
Filing DateJuly 15, 2026
Accession Number0001983677-26-000001
Total Offering AmountIndefinite
Total Amount Sold$55,789,472
Total Investors6
Non-Accredited InvestorsNone
Minimum Investment$5,000,000
Offering DurationIntended to last more than one year
Revenue RangeDecline to Disclose
State (Issuer Address)NY
Amendment Count4 filings on record

Filings on Record

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

D/AJuly 15, 2026D/AJuly 11, 2025D/AJuly 15, 2024DJuly 12, 2023

In the Terminal

Filing events

5

latest Jul 15, 2026

Critical / warning

0 / 1

4 watch · 0 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

raising

Latest event Sold increase · Jul 15, 2026

SEC.gov
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Investor

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  • 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.

Adam Schwartz

Executive Officer · New York, NY

Frank Stadelmaier

Executive Officer · New York, NY

Christopher Moore

Executive Officer · New York, NY

Brian Sigman

Executive Officer · New York, NY

Jean-Baptiste Garcia

Executive Officer · New York, NY

Martin Davidson

Executive Officer · Fort Worth, TX

Joann Harris

Executive Officer · Fort Worth, TX

Steven Willmann

Executive Officer · Fort Worth, TX

N/A AG Direct Lending Fund V GP, LLC

Executive Officer, Director, Promoter · 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.

Piper Sandler & Co.

Associated broker-dealer: None · New York, NY · Soliciting in all states

Questions About AG Direct Lending Fund V (Levered) Structured Note, 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 AG Direct Lending Fund V (Levered) Structured Note, L.P.?

AG Direct Lending Fund V (Levered) Structured Note, L.P. is a Delaware limited partnership that filed a Form D with the SEC on July 15, 2026 as a private equity fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(7) for an offering of pooled investment fund interests.

Is AG Direct Lending Fund V (Levered) Structured Note, L.P. legit?

AltStreet does not rate legitimacy; it reports the public record. AG Direct Lending Fund V (Levered) Structured Note, L.P. filed a Form D with the SEC on July 15, 2026 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 $55,789,472 sold to 6 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 AG Direct Lending Fund V (Levered) Structured Note, 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 AG Direct Lending Fund V (Levered) Structured Note, 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 AG Direct Lending Fund V (Levered) Structured Note, L.P. raised?

AG Direct Lending Fund V (Levered) Structured Note, L.P. reported $55,789,472 sold from 6 investors in an offering of indefinite size as of the Form D filed July 15, 2026.

Who can invest in AG Direct Lending Fund V (Levered) Structured Note, 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 $5,000,000.

What is the minimum investment in AG Direct Lending Fund V (Levered) Structured Note, L.P.?

The Form D lists $5,000,000 as the minimum investment accepted from any outside investor as of July 15, 2026. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling AG Direct Lending Fund V (Levered) Structured Note, L.P. and how are they paid?

The Form D names Piper Sandler & Co., associated with None as the recipient of sales compensation soliciting in all states.

Who is behind AG Direct Lending Fund V (Levered) Structured Note, L.P.?

The Form D lists 9 related persons: Adam Schwartz, executive officer (Officer of the Issuer's General Partner); Frank Stadelmaier, executive officer (Officer of the Issuer's General Partner); Christopher Moore, executive officer (Officer of the Issuer's General Partner); Brian Sigman, executive officer (Officer of the Issuer's General Partner); Jean-Baptiste Garcia, executive officer (Officer of the Issuer's General Partner); Martin Davidson, executive officer (Officer of the Issuer's General Partner); Joann Harris, executive officer (Officer of the Issuer's General Partner); Steven Willmann, executive officer (Officer of the Issuer's General Partner), and 1 more. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is AG Direct Lending Fund V (Levered) Structured Note, L.P. located?

The issuer's address on its SEC filings is C/O Angelo, Gordon & Co., L.P., 245 Park Avenue, 26th Floor, New York, NY 10167. Its phone number of record is 2126922000. It is organized under the laws of Delaware.

How long is the AG Direct Lending Fund V (Levered) Structured Note, L.P. 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; 3 amendments are on record for this CIK.

How large is AG Direct Lending Fund V (Levered) Structured Note, 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.