Understory Digital Asset Fund LLC is a hedge fund based in Metairie, Louisiana. Its most recent Form D, filed Feb 20, 2026, reports no sales yet. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Jarred Bradley; Zane McMinn; Josh Knepper.
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.
Is this your fund? Report your monthly returns · How performance works
- Total raised
- $0Cumulative sales reported on Form D
- Investors
- 0
- First sale
- Jan 7, 2026
- Minimum investment
- $100,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Jarred Bradley; Zane McMinn; Josh Knepper
- Latest Form D
- Feb 20, 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 Understory Digital Asset Fund LLC
What is the minimum investment for Understory Digital Asset Fund LLC?
According to its latest Form D, filed Feb 20, 2026, the minimum investment Understory Digital Asset Fund LLC accepts from an outside investor is $100,000.
Who can invest in Understory Digital Asset Fund LLC?
Understory Digital Asset Fund LLC 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(c), so it may advertise, but every investor must be verified as accredited.
How much has Understory Digital Asset Fund LLC raised?
Understory Digital Asset Fund LLC's latest Form D, filed Feb 20, 2026, reports no sales yet.
Where is Understory Digital Asset Fund LLC based?
Understory Digital Asset Fund LLC is based in Metairie, Louisiana.
When did Understory Digital Asset Fund LLC launch?
Understory Digital Asset Fund LLC reports its first sale in Jan 2026, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
This fund hasn't reported any sales yet.