Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Funds / Empirical Alternative Income Fund, LP

Empirical Alternative Income Fund, LP

FundraisingEvergreen or indefinite offeringFundADV: Other Private FundEmpirical Wealth ManagementDelaware
Amounts, each with its basis
Vintage
2018basis: form d first sale
Target
unknownnot announced
First close
unknownnever inferred from a Form D
Final close
unknownonly from an announcement or an LP disclosure
Announced size
unknown
Form D offering
indefinitewhat may be sold, not what was raised; joined by exact issuer name, corroborated by the general partner the adviser swears for this fund, not sworn by the adviser (confidence 0.85); file 021-301631
Form D sold
$28.9Mas of the filing of Mar 20, 2026, 55 investors
First sale
Sep 24, 2018
Reported GAV
$21.5Mon the Form ADV filed Mar 28, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
62
Reported on ADV
Feb 15, 2018 to Mar 28, 2024
Fundraising evidence
Evergreen or indefinite offering
Form D filed or amended 2026-03-20: offering indefinite, sold $28.9M (fr-1)
evidence dated Mar 20, 2026. A Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Lifecycle
Fundraising
Form D within 18 months and the offering is not sold out
first sale: 2018-09-24vintage year: $2,018adv gav as of: 2024-03-28vintage basis: form_d_first_saleform d sold usd: $28.9Mform d offering usd: n/aform d latest filed at: 2026-03-20
The fund's own reporting through time
31 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Feb 15, 2018Other Private Fund$0
0$500,0000%yes
Mar 30, 2018Other Private Fund$0
0$500,0000%yes
Jul 10, 2018Other Private Fund$0
0$250,0000%yes
Jul 10, 2018Other Private Fund$0
0$250,0000%yes
Aug 9, 2018Other Private Fund$0
0$250,0000%yes
Oct 1, 2018Other Private Fund$0
0$250,0000%yes
Feb 25, 2019Other Private Fund$0
0$250,0000%yes
Mar 29, 2019Other Private Fund$5.9M
0$250,0000%yes
Apr 3, 2019Other Private Fund$5.9M
0$250,0000%yes
Jul 31, 2019Other Private Fund$5.9M
0$250,0000%yes
Mar 30, 2020Other Private Fund$7.0M
0$250,0000%yes
Apr 17, 2020Other Private Fund$7.0M
0$250,0000%yes
Jun 30, 2020Other Private Fund$7.0M
0$250,0000%yes
Jul 16, 2020Other Private Fund$7.0M
0$250,0000%yes
Aug 3, 2020Other Private Fund$7.0M
0$250,0000%yes
Sep 17, 2020Other Private Fund$7.0M
0$250,0000%yes
Feb 10, 2021Other Private Fund$7.0M
0$250,0000%yes
Mar 31, 2021Other Private Fund$9.3M
0$250,0000%yes
Jul 19, 2021Other Private Fund$9.3M
0$250,0000%yes
Jul 28, 2021Other Private Fund$9.3M
0$250,0000%yes
Dec 2, 2021Other Private Fund$9.3M
0$250,0000%yes
Dec 8, 2021Other Private Fund$9.3M
0$250,0000%yes
Mar 31, 2022Other Private Fund$13.1M
0$250,0000%yes
Apr 28, 2022Other Private Fund$13.1M
0$250,0000%yes
Jul 7, 2022Other Private Fund$13.1M
0$250,0000%yes
Mar 31, 2023Other Private Fund$21.7M
62$250,0001%yes
Jun 27, 2023Other Private Fund$21.7M
62$250,0001%yes
Aug 23, 2023Other Private Fund$21.7M
62$250,0001%yes
Jan 11, 2024Other Private Fund$21.7M
62$250,0001%yes
Jan 12, 2024Other Private Fund$21.7M
62$250,0001%yes
Mar 28, 2024Other Private Fund$21.5M
62$250,0001%yes
Principals and agents
4 principals on Form D, 0 placement agents
  • Brendan W. Lake Executive Officer
  • Adam W. Stern Executive Officer
  • PPB Empirical AIF Mgt LLC Executive Officer
  • Empirical Financial Services, LLC Executive Officer/Promoter
Limited partners and their reported performance
0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
10 events
  1. Mar 20, 2026
    Empirical Alternative Income Fund, LP filed Form D/A: $28,853,000 sold (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  2. Mar 18, 2025
    Empirical Alternative Income Fund, LP filed Form D/A: $18,483,000 sold (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  3. Mar 20, 2024
    Empirical Alternative Income Fund, LP filed Form D/A: $23,861,529 sold (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  4. Feb 15, 2023
    Empirical Alternative Income Fund, LP filed Form D/A: $21,518,575 sold (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  5. Feb 8, 2022
    Empirical Alternative Income Fund, LP filed Form D/A: $18,483,000 sold (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  6. Dec 10, 2020
    Empirical Alternative Income Fund, LP filed Form D/A: $10,970,000 sold (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  7. Dec 19, 2019
    Empirical Alternative Income Fund, LP filed Form D/A: $6,470,000 sold (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  8. Dec 26, 2018
    Empirical Alternative Income Fund, LP filed Form D/A: $5,920,000 sold (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  9. Feb 15, 2018
    Empirical Alternative Income Fund, LP first reported on Form ADV by Empirical Wealth Management (Other Private Fund)
    Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  10. Dec 26, 2017
    Empirical Alternative Income Fund, LP filed Form D: no sales yet (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
148 observations
Every observation on this vehicle