AIR Life SMA, LP is a hedge fund based in Chicago, Illinois. According to its most recent Form D, filed Jan 27, 2026, the fund has sold $42,222,979 of interests to 8 investors since its first sale in Jan 2020. The minimum investment it accepts from an outside investor is $250,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Richard Beleutz; Matthew Schaefer; AIR Life SMA Management, LLC.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $42,222,979Cumulative sales reported on Form D
- Investors
- 8
- First sale
- Jan 1, 2020
- Minimum investment
- $250,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Richard Beleutz; Matthew Schaefer; AIR Life SMA Management, LLC
- Latest Form D
- Jan 27, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about AIR Life SMA, LP
What is the minimum investment for AIR Life SMA, LP?
According to its latest Form D, filed Jan 27, 2026, the minimum investment AIR Life SMA, LP accepts from an outside investor is $250,000.
Who can invest in AIR Life SMA, LP?
AIR Life SMA, LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has AIR Life SMA, LP raised?
AIR Life SMA, LP reports $42,222,979 sold from 8 investors on its Form D filed Jan 27, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is AIR Life SMA, LP based?
AIR Life SMA, LP is based in Chicago, Illinois.
When did AIR Life SMA, LP launch?
AIR Life SMA, LP reports its first sale in Jan 2020.
Size compared with every hedge fund
Raised more than 54% of the 323 hedge funds based in Illinois, and more than 43% of all 10,308 that report sales.