Blue Strategic Alternative Credit Fund, L.P. is a hedge fund based in Chicago, Illinois. According to its most recent Form D, filed May 1, 2026, the fund has sold $1,270,004,000 of interests to 3 investors since its first sale in May 2025. The minimum investment it accepts from an outside investor is $100,000. 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; Blue Strategic Alternative Credit Fund GP, L.P; Robert Morgan.
- Total raised
- $1,270,004,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- May 5, 2025
- Minimum investment
- $100,000
- 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; Blue Strategic Alternative Credit Fund GP, L.P; Robert Morgan
- Latest Form D
- May 1, 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 HedgeMountain 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
Size compared with every hedge fund
Raised more than 96% of the 321 hedge funds based in Illinois, and more than 92% of all 10,157 that report sales.
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- Diversified Core Strategies Fund, LLC$655M
- Alpha Core Strategies Feeder Fund, Q.P.$639M
- Blue Strategic Alternative Credit Fund (Offshore), L.P.$270M
- Credit Alternatives Fund LLC$213M
- Alpha Core Strategies Feeder Fund$123M
- Institutional Select Fund, Ltd.$112M
- FSC Access Fund-M, LLC$63.6M