DPIP Enovix Series, a series of Alternative Strategies Direct Private Investment Program, LLC
Raised
$22M
Investors
36
Min Invest
None stated
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AltStreet Analysis
·Generated from EDGAR primary sources
DPIP Enovix Series is a series of Alternative Strategies Direct Private Investment Program, LLC, a Delaware pooled investment fund that raised $22.3M from 36 investors under Rule 506(b) and Section 3(c) exemptions. The filing was submitted on 2025-05-07 by iCapital II GP LLC (promoter) with Michael Stanton as executive officer; no first sale date was disclosed and the minimum investment was not specified on this Form D.
This pooled investment fund uses the 506(b) private placement exemption combined with 3(c) (likely 3(c)(1) or 3(c)(7)) for investment company act exclusion, a common structure for alternative investment vehicles targeting accredited and qualified purchasers. The average commitment of approximately $619K per investor suggests an institutional or high-net-worth investor base typical of alternative strategies platforms.
Data Flags
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.
AltStreet Coverage
Original reporting from AltStreet's daily EDGAR monitoring covering iCapital and its filings.
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In the Terminal
Filing events
1
latest May 7, 2025
Critical / warning
0 / 0
0 watch · 1 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
lapsed
Latest event New filer · May 7, 2025
SEC.govFund family Part of the Alternative Strategies Direct Private Investment Program family: 18 vehicles across 1 generation · adviser of record Icapital Advisors, LLC · 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: 9 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
- 1 filing event with values and deltas, latest 2025-05-07, 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.
- iCapital II GP LLC
Promoter · New York, NY
Michael Stanton
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.
Wells Fargo Investment Institute, Inc.CRD 133204 on BrokerCheck
Associated broker-dealer: Wells Fargo Securities (CRD 17438) · Chartlotte, NC · Soliciting in all states
Questions About DPIP Enovix Series, a series of Alternative Strategies Direct Private Investment Program, LLC
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is DPIP Enovix Series, a series of Alternative Strategies Direct Private Investment Program, LLC?
DPIP Enovix Series, a series of Alternative Strategies Direct Private Investment Program, LLC is a Delaware limited liability company that filed a Form D with the SEC on May 7, 2025 as a other investment 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 DPIP Enovix Series, a series of Alternative Strategies Direct Private Investment Program, LLC legit?
AltStreet does not rate legitimacy; it reports the public record. DPIP Enovix Series, a series of Alternative Strategies Direct Private Investment Program, LLC filed a Form D with the SEC on May 7, 2025 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 $22,348,049 sold to 36 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 DPIP Enovix Series, a series of Alternative Strategies Direct Private Investment Program, LLC 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 DPIP Enovix Series, a series of Alternative Strategies Direct Private Investment Program, LLC 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 DPIP Enovix Series, a series of Alternative Strategies Direct Private Investment Program, LLC raised?
DPIP Enovix Series, a series of Alternative Strategies Direct Private Investment Program, LLC reported $22,348,049 sold from 36 investors in an offering of indefinite size as of the Form D filed May 7, 2025.
Who can invest in DPIP Enovix Series, a series of Alternative Strategies Direct Private Investment Program, LLC?
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 DPIP Enovix Series, a series of Alternative Strategies Direct Private Investment Program, LLC?
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 DPIP Enovix Series, a series of Alternative Strategies Direct Private Investment Program, LLC and how are they paid?
The Form D names Wells Fargo Investment Institute, Inc. (CRD 133204), associated with Wells Fargo Securities as the recipient of sales compensation soliciting in all states. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.
Who is behind DPIP Enovix Series, a series of Alternative Strategies Direct Private Investment Program, LLC?
The Form D lists 2 related persons: iCapital II GP LLC, promoter (Managing Member of the Issuer); Michael Stanton, executive officer (Authorized Signatory of the Sole Member of the Managing Member). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is DPIP Enovix Series, a series of Alternative Strategies Direct Private Investment Program, LLC located?
The issuer's address on its SEC filings is C/O Compliance Department, 60 East 42nd Street, 28th Floor, New York, NY 10165. Its phone number of record is 2129947400. It is organized under the laws of Delaware.
How long is the DPIP Enovix Series, a series of Alternative Strategies Direct Private Investment Program, LLC 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, and no amendment is on record yet.
How large is DPIP Enovix Series, a series of Alternative Strategies Direct Private Investment Program, LLC?
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.