AIR Legal Finance Fund Offshore, LP
Raised
$10M
Investors
23
Min Invest
$250,000
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AltStreet Analysis
·Generated from EDGAR primary sources
AIR Legal Finance Fund Offshore, LP is a Cayman Islands-domiciled pooled investment fund focused on litigation finance. This amended filing reports $10.1M raised from 23 investors under Rule 506(b) and Section 3(c)(1) exemptions, with a $250K minimum investment. The fund is managed by AIR Legal Finance Fund GC Management LLC, with executive officers Richard Beleutz, Stephen Luongo, and Matthew Schaefer.
Litigation finance funds typically employ private placement exemptions to pool capital for lawsuit investments and legal claim financing. The $250K minimum positions this as an accredited-investor vehicle, while the offshore Cayman structure is common for funds seeking tax efficiency and cross-border investor access. The 506(b) exemption limits general solicitation, consistent with relationship-driven capital raising in specialized alternative strategies.
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 December 11, 2024
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.
Capital Raise Timeline
2 Form D filings from Dec 12, 2023 to Dec 11, 2024, the latest a D/A.
In the Terminal
Filing events
3
latest Dec 11, 2024
Critical / warning
0 / 0
2 watch · 1 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
dark
Latest event First sale · Dec 11, 2024
SEC.govFund family Part of the AIR Legal Finance Fund family: 2 vehicles across 0 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
- 3 filing events with values and deltas, latest 2024-12-11, and alerts on the next one
- 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…
Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
N/A AIR Legal Finance Fund GC Management LLC
Promoter · Chicago, IL
Richard Beleutz
Executive Officer · Chicago, IL
Stephen Luongo
Executive Officer · Chicago, IL
Matthew Schaefer
Executive Officer · Chicago, IL
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.
Rainmaker Securities, LLCCRD 132995 on BrokerCheck
Associated broker-dealer: None · Coral Gables, FL · Soliciting in AZ, CA, CO, CT, DC, FL, GA, IL, IN, MA, MD, ME, MI, MN, MO, NC, NJ, NV, NY, OH, OR, PA, SC, TX, UT, WA, WI
Questions About AIR Legal Finance Fund Offshore, LP
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is AIR Legal Finance Fund Offshore, LP?
AIR Legal Finance Fund Offshore, LP is a Cayman Islands entity that filed a Form D with the SEC on December 11, 2024 as a hedge fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(1) for an offering of pooled investment fund interests. AltStreet links the issuer to AIR Legal Finance Fund Offshore, LP.
Is AIR Legal Finance Fund Offshore, LP legit?
AltStreet does not rate legitimacy; it reports the public record. AIR Legal Finance Fund Offshore, LP filed a Form D with the SEC on December 11, 2024 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 $10,141,795 sold to 23 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to AIR Legal Finance Fund Offshore, LP, 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 AIR Legal Finance Fund Offshore, 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 AIR Legal Finance Fund Offshore, 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 AIR Legal Finance Fund Offshore, LP raised?
AIR Legal Finance Fund Offshore, LP reported $10,141,795 sold from 23 investors in an offering of indefinite size as of the Form D filed December 11, 2024.
Who can invest in AIR Legal Finance Fund Offshore, 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 $250,000.
What is the minimum investment in AIR Legal Finance Fund Offshore, LP?
The Form D lists $250,000 as the minimum investment accepted from any outside investor as of December 11, 2024. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling AIR Legal Finance Fund Offshore, LP and how are they paid?
The Form D names Rainmaker Securities, LLC (CRD 132995), associated with None as the recipient of sales compensation soliciting in AZ, CA, CO, CT, DC, FL, GA, IL, IN, MA, MD, ME, MI, MN, MO, NC, NJ, NV, NY, OH, OR, PA, SC, TX, UT, WA, WI. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.
Who is behind AIR Legal Finance Fund Offshore, LP?
The Form D lists 4 related persons: AIR Legal Finance Fund GC Management LLC, promoter (The Issuer's General Partner); Richard Beleutz, executive officer (Managing Member of the Issuer's General Partner and CEO of the Issuer's Investment Manager); Stephen Luongo, executive officer (CIO of the Issuer's Investment Manager); Matthew Schaefer, executive officer (COO/CFO of the Issuer's Investment Manager). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is AIR Legal Finance Fund Offshore, LP located?
The issuer's address on its SEC filings is Air Legal Finance Fund Gc Management LLC, 333 S. Wabash Avenue, Suite 2714, Chicago, IL 60604. Its phone number of record is (773) 230-2759. It is organized under the laws of Cayman Islands.
How long is the AIR Legal Finance Fund Offshore, 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 AIR Legal Finance Fund Offshore, 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.