# Private Funds - Form ADV Schedule D 7.B.1 API Reference | SEC API

> Complete API reference for the Form ADV Schedule D Section 7.B.(1) Private Funds API. Every path parameter and every response attribute, with types, constraints and a live example response.

Source: https://sec-api.io/api-reference/form-adv-private-funds

Investment advisers

GET`https://api.sec-api.io/form-adv/schedule-d-7-b-1/{crd}`

Return every private fund an investment adviser reports in Section 7.B.(1) of Schedule D of its Form ADV, by the firm CRD number. Each fund carries its name and 805- identification number, the state and country it is organised under, the fund type, gross asset value, minimum investment commitment, beneficial owner count, master-feeder linkage, and the auditors, prime brokers, custodians, administrators and marketers it uses. The endpoint returns the latest available version of the filing, refreshed once a day between 5:00 AM and 7:30 AM EST.

[Read the guide for this API →](https://sec-api.io/docs/investment-adviser-and-adv-api)

## Authentication

Send the API key either as a header or as a query parameter. The header is preferred; the query parameter exists for cases where a header cannot be set, such as opening a URL directly in a browser.

Authorization: required header

The API key on its own. Do not prefix it with Bearer or any other word.

Example `Authorization: YOUR_API_KEY`

token: optional query parameter

The API key, appended to the URL. Use this only when a header is not possible.

## Path parameters

Supplied as part of the URL.

crd: required string, 2 to 20 digits

CRD number of the adviser firm, assigned by FINRA and IARD. Stifel Nicolaus is 793, Goldman Sachs is 361, Goldman Sachs Asset Management is 107738.

Example `793`

## Response

A JSON object. Nested attributes are collapsed; expand one to see its fields.

[ ]: array of object

The response body is a JSON array with no wrapper object. Each item is one private fund disclosed in Section 7.B.(1) of Schedule D of the latest Form ADV filed by the firm. The array is empty when the firm advises no private funds. Every item carries the same 46 attributes, and questions the firm left unanswered come back as false, zero, an empty string or an empty array rather than being dropped.

1a-nameOfFund: string

1.a. Name of the private fund.

Example `EI FUND II LLC`

1b-fundIdentificationNumber: string

1.b. Private fund identification number, including the 805- prefix.

Example `805-4502496130`

2-lawOrganizedUnder: object

2. State or country under whose laws the private fund is organised.

state: string

State. Empty when the fund is organised abroad.

Example `Missouri`

country: string

Country.

Example `United States`

3a-namesOfGeneralPartnerManagerTrusteeDirector: array of string

3.a. Names of the general partner, manager, trustee or directors of the fund, or of the persons acting in a similar capacity.

3b-filingAdvisers: string or array of string

3.b. Under an umbrella registration, the filing adviser or relying advisers that sponsor or manage the fund. Returned as the string "No Information Filed" when the question is left blank, and as an array of names when it is answered.

4-1-exclusionUnder3c1: boolean

4.1. True when the fund relies on the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of 1940.

4-2-exclusionUnder3c7: boolean

4.2. True when the fund relies on the exclusion under section 3(c)(7) of the same Act.

5-nameCountryOfForeignFinancialRegAuthority: array of string

5. Name and country of each foreign financial regulatory authority the fund is registered with. Values come straight from the filing and may carry line breaks and padding.

6a-isMasterFundInMasterFeederArrangement: boolean

6.a. True when the fund is a master fund in a master-feeder arrangement.

6b-nameIdOfFeederFunds: array of object

6.b. Feeder funds that invest in this fund, reported when 6.a. is true. Empty otherwise.

name: string

Name of the feeder fund.

Example `360 NORTH PARTNERS LTD`

identificationNumber: string

Private fund identification number of the feeder fund, with the 805- prefix. Empty when the feeder fund has none.

Example `805-6171013585`

6c-isFeederFundInMasterFeederAgreement: boolean

6.c. True when the fund is a feeder fund in a master-feeder arrangement.

6d-nameIdOfMasterFund: string

6.d. Name and private fund identification number of the master fund this fund invests in, reported when 6.c. is true. Empty otherwise.

Example `EI FUND V, LP`

7a-f-feederFundDetails: array of object

7.a-f. One entry per feeder fund, present only when the adviser files a single Schedule D Section 7.B.(1) to cover a whole master-feeder arrangement. Empty for most funds.

7a-name: string

7.a. Name of the feeder fund.

Example `GS CAPITAL PARTNERS VI PMD QP FUND, L.P.`

7b-identificationNumber: string

7.b. Fund identification number of the feeder fund, with the 805- prefix.

Example `805-3182521565`

7c-lawOrganizedUnder: object

7.c. State or country under whose laws the feeder fund is organised.

state: string

State. Empty when the fund is organised abroad.

Example `Delaware`

country: string

Country.

Example `Cayman Islands`

7d-1-namesOfGeneralPartnerManagerTrusteeDirector: array of string

7.d.1. Names of the general partner, manager, trustee or directors of the feeder fund, or of the persons acting in a similar capacity.

7d-2-adviserActingAsSponsorManager: string

7.d.2. Under an umbrella registration, the filing adviser or relying adviser that sponsors or manages the feeder fund. Filed as "No Information Filed" when the question is left blank.

7e-1-exclusionUnder3c1: boolean

7.e.1. True when the feeder fund relies on the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of 1940.

7e-2-exclusionUnder3c7: boolean

7.e.2. True when the feeder fund relies on the exclusion under section 3(c)(7) of the same Act.

7f-nameCountryOfForeignRegAuthority: array of string

7.f. Name and country of each foreign financial regulatory authority the feeder fund is registered with.

8a-isFundOfFunds: boolean

8.a. True when the private fund is a fund of funds.

8b-investsInFundsManagedByYouRelatedPerson: boolean

8.b. True when the fund invests in funds managed by the adviser or by a related person. Answered only when 8.a. is true.

9-investsInSecuritiesAccordingTo6e: boolean

9. True when the fund invested, during the last fiscal year, in securities issued by investment companies registered under the Investment Company Act of 1940, other than money market funds as instruction 6.e. allows.

10-typeOfFund: object

10. Type of private fund.

selectedTypes: array of string

Types ticked on the form. One or more of hedge fund, liquidity fund, private equity fund, real estate fund, securitized asset fund, venture capital fund and other private fund.

otherFundType: string

Free-text description of the fund, filed when selectedTypes contains other private fund.

Example `FUND OF HEDGE FUNDS`

11-grossAssetValue: number

11. Current gross asset value of the fund, in US dollars. Zero when the fund reports no assets.

Example `2027469`

12-minInvestmentCommitment: number

12. Minimum investment commitment required of an investor in the fund, in US dollars.

Example `100000`

13-numberOfBeneficialOwners: number

13. Approximate number of beneficial owners of the fund.

Example `25`

14-percentageOwnedByYou: number

14. Approximate percentage of the fund beneficially owned by the adviser and its related persons.

15a-percentageOwnedByFundsOfFunds: number

15.a. Approximate percentage of the fund beneficially owned, in aggregate, by funds of funds.

15b-salesAreLimited: boolean

15.b. True when sales of the fund are limited to qualified clients. Answered only when the fund relies on the section 3(c)(1) exclusion.

16-percentageOwnedByNonUnitedStatesPersons: number

16. Approximate percentage of the fund beneficially owned by non-United States persons.

17a-isSubadviser: boolean

17.a. True when the adviser is a subadviser to the fund.

17b-nameAndSecFileNumber: string

17.b. Name and SEC file number of the adviser of the fund, reported when 17.a. is true. Filed as "No Information Filed" otherwise.

18a-investmentAdvisersAdviseFund: boolean

18.a. True when advisers other than those listed in 3.b. advise the fund.

18b-otherAdvisers: array of object

18.b. The other advisers to the fund, reported when 18.a. is true. Empty otherwise.

name: string

Name of the other adviser to the private fund.

secFileNumber: string

SEC file number of that adviser, if any.

crdNumber: string

CRD number of that adviser, if any.

19-clientsAreSolicited: boolean

19. True when clients of the adviser are solicited to invest in the fund.

20-percentageClientsInvestedInFund: number

20. Approximate percentage of the clients of the adviser that have invested in the fund.

21-fundReliedOnExemption: boolean

21. True when the fund has ever relied on an exemption from registration of its securities under Regulation D of the Securities Act of 1933.

22-formDFileNumbers: array of string

22. Form D file numbers of the fund, reported when 21. is true.

Example `021-151919`

23a-1-financialStatementsAreSubjectToAnnualAudit: boolean

23.a.1. True when the financial statements of the fund are subject to an annual audit.

23a-2-financialStatementsPreparedWithUsGaap: boolean

23.a.2. True when those financial statements are prepared under US GAAP. Answered only when 23.a.1. is true.

23b-f-auditors: array of object

23.b-f. One entry per auditing firm, reported when 23.a.1. is true. Empty otherwise.

23b-name: string

23.b. Name of the auditing firm.

Example `KATZ SAPPER MILLER`

23c-location: object

23.c. Location of the office of the auditing firm responsible for the audit.

city: string

City, as filed.

Example `ST. LOUIS`

state: string

State or province. Empty for most non-US addresses.

Example `Missouri`

country: string

Country.

Example `United States`

23d-isIndependentPublicAccountant: boolean

23.d. True when the auditing firm is an independent public accountant.

23e-isRegistered: boolean

23.e. True when the auditing firm is registered with the Public Company Accounting Oversight Board.

23e-boardAssignedNumber: string

23.e. Number the Public Company Accounting Oversight Board assigned to the auditing firm. Empty when the firm is not registered.

Example `2804`

23f-isSubjectToInspection: boolean

23.f. True when the auditing firm is subject to regular inspection by the Public Company Accounting Oversight Board.

23g-financialStatementsDistributedToInvestors: boolean

23.g. True when the audited financial statements for the most recent fiscal year are distributed to investors in the fund.

23h-reportsIncludeUnqualifiedOpinions: string

23.h. Whether every report the auditing firm has prepared since the last annual updating amendment carries an unqualified opinion. One of yes, no and report not yet received. Null when the question is not answered.

Example `yes`

24a-fundUsesPrimeBrokers: boolean

24.a. True when the fund uses one or more prime brokers.

24b-e-primeBrokers: array of object

24.b-e. One entry per prime broker, reported when 24.a. is true. Empty otherwise.

24b-name: string

24.b. Name of the prime broker.

Example `STIFEL, NICOLAUS & COMPANY, INCORPORATED`

24c-1-secRegistrationNumber: string

24.c. SEC registration number of the prime broker, when it is registered with the SEC.

Example `8 - 1447`

24c-2-crdNumber: string

24.c. CRD number of the prime broker, if any.

Example `793`

24d-location: object

24.d. Location of the office of the prime broker used mainly by the fund.

city: string

City, as filed.

Example `ST. LOUIS`

state: string

State or province. Empty for most non-US addresses.

Example `Missouri`

country: string

Country.

Example `United States`

24e-actsAsCustodian: boolean

24.e. True when this prime broker also acts as custodian for some or all of the assets of the fund.

25a-fundUsesCustodians: boolean

25.a. True when the fund uses any custodian, including the prime brokers listed in 24.b-e., to hold some or all of its assets.

25b-g-custodians: array of object

25.b-g. One entry per custodian, reported when 25.a. is true. Empty otherwise.

25b-legalName: string

25.b. Legal name of the custodian.

Example `STIFEL, NICOLAUS & COMPANY, INCORPORATED`

25c-businessName: string

25.c. Primary business name of the custodian.

25d-location: object

25.d. Location of the office of the custodian responsible for holding the assets of the fund.

city: string

City, as filed.

Example `ST. LOUIS`

state: string

State or province. Empty for most non-US addresses.

Example `Missouri`

country: string

Country.

Example `United States`

25e-isRelatedPerson: boolean

25.e. True when the custodian is a related person of the adviser.

25f-1-secRegistrationNumber: string

25.f. SEC registration number of the custodian, when the custodian is a broker-dealer.

Example `8 - 1447`

25f-2-crdNumber: string

25.f. CRD number of the custodian, if any.

Example `793`

25g-legalEntityIdentifier: string

25.g. Legal entity identifier of the custodian, reported when the custodian is not a broker-dealer or has no SEC registration number.

26a-fundUsesAdministrators: boolean

26.a. True when the fund uses an administrator other than the adviser.

26b-f-administrators: array of object

26.b-f. One entry per administrator, reported when 26.a. is true. Empty otherwise.

26b-name: string

26.b. Name of the administrator.

Example `SEI GLOBAL SERVICES, INC.`

26c-location: object

26.c. Location of the administrator.

city: string

City, as filed.

Example `ST. LOUIS`

state: string

State or province. Empty for most non-US addresses.

Example `Missouri`

country: string

Country.

Example `United States`

26d-isRelatedPerson: boolean

26.d. True when the administrator is a related person of the adviser.

26e-statementsProvidedTo: string

26.e. Which investors the administrator prepares and sends account statements to. One of all investors, some investors or no investors.

Example `all investors`

26f-statementsSentBy: string

26.f. Who sends the account statements to the remaining investors, when the answer to 26.e. is some investors or no investors. Free text, as filed.

27-percentageOfAssetsValuedNotByRelatedPerson: number

27. Percentage of the assets of the fund, by value, that a person who is not a related person of the adviser valued during the last fiscal year.

Example `100`

28a-fundUsesMarketers: boolean

28.a. True when the fund uses someone other than the adviser or its employees for marketing. This covers placement agents, consultants, finders, introducers, municipal advisors and other solicitors.

28b-g-marketers: array of object

28.b-g. One entry per marketer, reported when 28.a. is true. Empty otherwise.

28b-isRelatedPerson: boolean

28.b. True when the marketer is a related person of the adviser.

28c-name: string

28.c. Name of the marketer.

Example `GOLDMAN SACHS & CO. LLC`

28d-secNumber: string

28.d. SEC file number of the marketer, when it is registered with the SEC. Prefixed 801-, 8- or 866-.

Example `801 - 16048`

28d-crdNumber: string

28.d. CRD number of the marketer, if any.

Example `361`

28e-location: object

28.e. Location of the office of the marketer used mainly by the fund.

city: string

City, as filed.

Example `ST. LOUIS`

state: string

State or province. Empty for most non-US addresses.

Example `Missouri`

country: string

Country.

Example `United States`

28f-marketsThroughWebsites: boolean

28.f. True when the marketer markets the fund through one or more websites.

28g-websiteAddresses: string

28.g. Website addresses used, when the answer to 28.f. is yes. Filed as "No Information Filed" when the question is left blank.

## Status codes

|  |  |
| --- | --- |
| `200` | Success. The body is an array of private funds. A CRD with no Section 7.B.(1) on file returns an empty array, not an error. |
| `403` | The API key is missing, or it is not valid. |
| `404` | The CRD in the path is not valid. It has to be 2 to 20 digits, with no other characters. |
| `429` | Too many requests. Slow the request rate and retry. |
| `500` | Server error. Retry, and report it if it persists. |

## Request example

GET https://api.sec-api.io/form-adv/schedule-d-7-b-1/{crd}

```bash
https://api.sec-api.io/form-adv/schedule-d-7-b-1/793
https://api.sec-api.io/form-adv/schedule-d-7-b-1/793?token=YOUR_API_KEY
```

```python
from sec_api import FormAdvApi

formAdvApi = FormAdvApi("YOUR_API_KEY")

private_funds = formAdvApi.get_private_funds(crd="793")
```

```javascript
import { formAdvApi } from "sec-api";

formAdvApi.setApiKey("YOUR_API_KEY");

const privateFunds = await formAdvApi.getPrivateFunds("793");
```

```bash
curl -X GET "https://api.sec-api.io/form-adv/schedule-d-7-b-1/793" \
  -H "Authorization: YOUR_API_KEY"
```

## Response example

200 OK · application/json

```json
[
  {
    "1a-nameOfFund": "EI FUND II LLC",
    "1b-fundIdentificationNumber": "805-4502496130",
    "2-lawOrganizedUnder": {
      "state": "Missouri",
      "country": "United States"
    },
    "3a-namesOfGeneralPartnerManagerTrusteeDirector": [
      "STIFEL NICOLAUS & COMPANY, INC."
    ],
    "3b-filingAdvisers": "No Information Filed",
    "4-1-exclusionUnder3c1": false,
    "4-2-exclusionUnder3c7": true,
    "5-nameCountryOfForeignFinancialRegAuthority": [],
    "6a-isMasterFundInMasterFeederArrangement": false,
    "6b-nameIdOfFeederFunds": [],
    "6c-isFeederFundInMasterFeederAgreement": true,
    "6d-nameIdOfMasterFund": "EI FUND V, LP",
    "7a-f-feederFundDetails": [],
    "8a-isFundOfFunds": true,
    "8b-investsInFundsManagedByYouRelatedPerson": false,
    "9-investsInSecuritiesAccordingTo6e": false,
    "10-typeOfFund": {
      "selectedTypes": [
        "other private fund"
      ],
      "otherFundType": "FEEDER INTO PRIVATE EQUITY FUND"
    },
    "11-grossAssetValue": 2027469,
    "12-minInvestmentCommitment": 100000,
    "13-numberOfBeneficialOwners": 25,
    "14-percentageOwnedByYou": 0,
    "15a-percentageOwnedByFundsOfFunds": 0,
    "15b-salesAreLimited": false,
    "16-percentageOwnedByNonUnitedStatesPersons": 0,
    "17a-isSubadviser": false,
    "17b-nameAndSecFileNumber": "No Information Filed",
    "18a-investmentAdvisersAdviseFund": false,
    "18b-otherAdvisers": [],
    "19-clientsAreSolicited": true,
    "20-percentageClientsInvestedInFund": 0,
    "21-fundReliedOnExemption": true,
    "22-formDFileNumbers": [
      "021-151919"
    ],
    "23a-1-financialStatementsAreSubjectToAnnualAudit": true,
    "23a-2-financialStatementsPreparedWithUsGaap": true,
    "23b-f-auditors": [
      {
        "23b-name": "KATZ SAPPER MILLER",
        "23c-location": {
          "city": "INDIANAPOLIS",
          "state": "Indiana",
          "country": "United States"
        },
        "23d-isIndependentPublicAccountant": true,
        "23e-isRegistered": true,
        "23e-boardAssignedNumber": "2804",
        "23f-isSubjectToInspection": true
      }
    ],
    "23g-financialStatementsDistributedToInvestors": true,
    "23h-reportsIncludeUnqualifiedOpinions": "yes",
    "24a-fundUsesPrimeBrokers": false,
    "24b-e-primeBrokers": [],
    "25a-fundUsesCustodians": true,
    "25b-g-custodians": [
      {
        "25b-legalName": "STIFEL, NICOLAUS & COMPANY, INCORPORATED",
        "25c-businessName": "STIFEL, NICOLAUS & COMPANY, INCORPORATED",
        "25d-location": {
          "city": "ST. LOUIS",
          "state": "Missouri",
          "country": "United States"
        },
        "25e-isRelatedPerson": true,
        "25f-1-secRegistrationNumber": "8 - 1447",
        "25f-2-crdNumber": "793",
        "25g-legalEntityIdentifier": ""
      }
    ],
    "26a-fundUsesAdministrators": true,
    "26b-f-administrators": [
      {
        "26b-name": "HALL KISTLER & COMPANY",
        "26c-location": {
          "city": "CANTON",
          "state": "Ohio",
          "country": "United States"
        },
        "26d-isRelatedPerson": false,
        "26e-statementsProvidedTo": "no investors",
        "26f-statementsSentBy": "ADMINISTRATOR PREPARES INVESTOR ACCOUNT STATEMENTS, AND STIFEL NICOLAUS SENDS THE STATEMENTS TO INVESTORS."
      }
    ],
    "27-percentageOfAssetsValuedNotByRelatedPerson": 100,
    "28a-fundUsesMarketers": false,
    "28b-g-marketers": []
  },
  {
    "1a-nameOfFund": "INTERNATIONAL SELECT INVESTMENTS LLC",
    "1b-fundIdentificationNumber": "805-3139813148",
    "2-lawOrganizedUnder": {
      "state": "Indiana",
      "country": "United States"
    },
    "3a-namesOfGeneralPartnerManagerTrusteeDirector": [
      "STIFEL NICOLAUS & COMPANY, INC."
    ],
    "3b-filingAdvisers": "No Information Filed",
    "4-1-exclusionUnder3c1": false,
    "4-2-exclusionUnder3c7": true,
    "5-nameCountryOfForeignFinancialRegAuthority": [],
    "6a-isMasterFundInMasterFeederArrangement": false,
    "6b-nameIdOfFeederFunds": [],
    "6c-isFeederFundInMasterFeederAgreement": false,
    "6d-nameIdOfMasterFund": "",
    "7a-f-feederFundDetails": [],
    "8a-isFundOfFunds": true,
    "8b-investsInFundsManagedByYouRelatedPerson": false,
    "9-investsInSecuritiesAccordingTo6e": true,
    "10-typeOfFund": {
      "selectedTypes": [
        "other private fund"
      ],
      "otherFundType": "FUND OF HEDGE FUNDS"
    },
    "11-grossAssetValue": 0,
    "12-minInvestmentCommitment": 200000,
    "13-numberOfBeneficialOwners": 0,
    "14-percentageOwnedByYou": 0,
    "15a-percentageOwnedByFundsOfFunds": 0,
    "15b-salesAreLimited": false,
    "16-percentageOwnedByNonUnitedStatesPersons": 0,
    "17a-isSubadviser": false,
    "17b-nameAndSecFileNumber": "No Information Filed",
    "18a-investmentAdvisersAdviseFund": false,
    "18b-otherAdvisers": [],
    "19-clientsAreSolicited": true,
    "20-percentageClientsInvestedInFund": 0,
    "21-fundReliedOnExemption": true,
    "22-formDFileNumbers": [
      "021-87139"
    ],
    "23a-1-financialStatementsAreSubjectToAnnualAudit": true,
    "23a-2-financialStatementsPreparedWithUsGaap": true,
    "23b-f-auditors": [
      {
        "23b-name": "KATZ SAPPER MILLER",
        "23c-location": {
          "city": "INDIANAPOLIS",
          "state": "Indiana",
          "country": "United States"
        },
        "23d-isIndependentPublicAccountant": true,
        "23e-isRegistered": true,
        "23e-boardAssignedNumber": "2804",
        "23f-isSubjectToInspection": true
      }
    ],
    "23g-financialStatementsDistributedToInvestors": true,
    "23h-reportsIncludeUnqualifiedOpinions": "yes",
    "24a-fundUsesPrimeBrokers": true,
    "24b-e-primeBrokers": [
      {
        "24b-name": "STIFEL, NICOLAUS & COMPANY, INCORPORATED",
        "24c-1-secRegistrationNumber": "8 - 1447",
        "24c-2-crdNumber": "793",
        "24d-location": {
          "city": "ST. LOUIS",
          "state": "Missouri",
          "country": "United States"
        },
        "24e-actsAsCustodian": true
      }
    ],
    "25a-fundUsesCustodians": true,
    "25b-g-custodians": [
      {
        "25b-legalName": "STIFEL, NICOLAUS & COMPANY, INCORPORATED",
        "25c-businessName": "STIFEL, NICOLAUS & COMPANY, INCORPORATED",
        "25d-location": {
          "city": "ST. LOUIS",
          "state": "Missouri",
          "country": "United States"
        },
        "25e-isRelatedPerson": true,
        "25f-1-secRegistrationNumber": "8 - 1447",
        "25f-2-crdNumber": "793",
        "25g-legalEntityIdentifier": ""
      }
    ],
    "26a-fundUsesAdministrators": true,
    "26b-f-administrators": [
      {
        "26b-name": "SEI ARCHWAY TECHNOLOGY PARTNERS, LLC",
        "26c-location": {
          "city": "INDIANAPOLIS",
          "state": "Indiana",
          "country": "United States"
        },
        "26d-isRelatedPerson": false,
        "26e-statementsProvidedTo": "all investors",
        "26f-statementsSentBy": "SEI ARCHWAY TECHNOLOGY PARTNERS PREPARES THE STATEMENTS, BUT STIFEL NICOLAUS MAILS THE STATEMENTS"
      }
    ],
    "27-percentageOfAssetsValuedNotByRelatedPerson": 100,
    "28a-fundUsesMarketers": false,
    "28b-g-marketers": []
  }
]
```