SMS funds
SMS has 5 vehicles on the SEC Form D record, in 4 numbered generations, filed from 2016 to 2025. The newest is SMS XV LLC, first filed Dec 9, 2025. The adviser of record on Form ADV Schedule D is Solus Alternative Asset Management LP.
- Vehicles
- 5
- Numbered generations
- 4
- First filing
- 2016
- Latest filing
- Dec 9, 2025
Adviser of record (Form ADV Schedule D) Solus Alternative Asset Management LP (CRD 144155)
Names, dates and status as filed on SEC EDGAR. A Form D is a notice of an exempt offering; the SEC does not review or approve it. Grouped by name; see the last question below.
Fund XV
1 vehicle · first filed
| Vehicle | Sleeve | First filed | Latest filing | Filing record | SEC |
|---|---|---|---|---|---|
| SMS XV LLCCIK 2086414 | Sold the stated amount | EDGAR |
Sold to date and investors
Unlock in the terminal (Investor)Fund X
1 vehicle · first filed
| Vehicle | Sleeve | First filed | Latest filing | Filing record | SEC |
|---|---|---|---|---|---|
| SMS X LLCCIK 1986439 | Sold the stated amount | EDGAR |
Sold to date and investors
Unlock in the terminal (Investor)Fund IV
1 vehicle · first filed · latest filing
| Vehicle | Sleeve | First filed | Latest filing | Filing record | SEC |
|---|---|---|---|---|---|
| SMS IV LLCCIK 1963706 | Sold the stated amount | EDGAR |
Sold to date and investors
Unlock in the terminal (Investor)Fund III
1 vehicle · first filed
| Vehicle | Sleeve | First filed | Latest filing | Filing record | SEC |
|---|---|---|---|---|---|
| SMS III LLCCIK 1949259 | Sold the stated amount | EDGAR |
Sold to date and investors
Unlock in the terminal (Investor)Unnumbered
1 vehicle · first filed · latest filing
| Vehicle | Sleeve | First filed | Latest filing | Filing record | SEC |
|---|---|---|---|---|---|
| SMS LtdCIK 1421736 | Annual amendment overdue | EDGAR |
Sold to date and investors
Unlock in the terminal (Investor)Questions about the SMS funds
- How many SMS funds are there?
- The SEC Form D record shows 5 vehicles in 4 numbered generations, the earliest filed Jan 29, 2016 and the latest filing on Dec 9, 2025. By generation: Fund XV (SMS XV LLC, first filed Dec 9, 2025); Fund X (SMS X LLC, first filed Jul 21, 2023); Fund IV (SMS IV LLC, first filed Jan 30, 2023); Fund III (SMS III LLC, first filed Oct 11, 2022).
- What is the latest SMS fund?
- SMS XV LLC, which first filed a Form D on Dec 9, 2025. Its own page carries the filed terms, the people named on the form and every filing on EDGAR.
- Who is the adviser to the SMS funds?
- Solus Alternative Asset Management LP (RIA, CRD 144155), joined from Form ADV Schedule D, where an adviser lists each private fund it advises and the fund's Form D file number.
- How much have the SMS funds raised?
- Each vehicle reports an amount sold and an investor count on its latest Form D or amendment, and those figures are on each vehicle's entity page. The totals by generation are in the AltStreet Terminal (Investor), where master and parallel sleeves that report one family-wide figure are counted once.
- How does AltStreet group these funds into a family?
- By name: the base name minus the fund number, sleeve letters, jurisdiction and legal form, read from each issuer's Form D (lib/edgar/fundFamilies.ts). 'Fund IV' is generation 4; a vehicle whose name carries no number is listed as unnumbered. It is a name-based grouping, not a statement of common control; the filings on each entity page show the related persons as filed.