Credit Alternatives Fund LLC
Credit Alternatives Fund LLC is a hedge fund based in Chicago, Illinois. According to its most recent Form D, filed Mar 9, 2026, the fund has sold $212,920,000 of interests to 147 investors since its first sale in Feb 2021. The minimum investment it accepts from an outside investor is $1,000,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include 50 South Capital Advisors, LLC; Joshua Abrego; Tristan Thomas.
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
- $212,920,000Cumulative sales reported on Form D
- Investors
- 147
- First sale
- Feb 1, 2021
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- 50 South Capital Advisors, LLC; Joshua Abrego; Tristan Thomas
- Latest Form D
- Mar 9, 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 Credit Alternatives Fund LLC
What is the minimum investment for Credit Alternatives Fund LLC?
According to its latest Form D, filed Mar 9, 2026, the minimum investment Credit Alternatives Fund LLC accepts from an outside investor is $1,000,000.
Who can invest in Credit Alternatives Fund LLC?
Credit Alternatives Fund LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Credit Alternatives Fund LLC raised?
Credit Alternatives Fund LLC reports $212,920,000 sold from 147 investors on its Form D filed Mar 9, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Credit Alternatives Fund LLC based?
Credit Alternatives Fund LLC is based in Chicago, Illinois and is managed by 50 South Capital Advisors, LLC.
When did Credit Alternatives Fund LLC launch?
Credit Alternatives Fund LLC reports its first sale in Feb 2021.
Size compared with every hedge fund
Raised more than 81% of the 323 hedge funds based in Illinois, and more than 70% of all 10,308 that report sales.
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