DPIP Hubble Series, a series of Alternative Strategies Direct Private Investment Program, LLC

SEC Filing Record

Offering Amount

$21.9M

Strategy

Other

Exemption

06b

Date Filed

May 22, 2026

0002069711-26-000001

View on SEC EDGAR →

37A Read

The dual GP structure—iCapital II GP LLC paired with Michael Stanton as a named GP—signals either a relationship-based co-management model or a transition arrangement where Stanton holds operational responsibility while iCapital provides institutional backing; the amendment status indicates this is a revision to an existing filing rather than a fresh launch.

No prior EDGAR filings from this manager suggest either a first-time fund raising to EDGAR-reportable scale, or an operating entity that has historically stayed below the $25M threshold; the reliance on 06b exemption (pre-existing relationships only) indicates the manager is bootstrapping from a known LP base rather than conducting broad market outreach.

A mid-2026 amendment filing in an alternative strategies vehicle targeting $22M aligns with LP portfolio rebalancing cycles following 2025 valuations and potential tax-loss harvesting windows, making this a logical window for continuation capital or parallel structures to existing mandate holders.

Before committing, verify whether Michael Stanton carries key-person language tied to fund operations and whether iCapital II GP LLC has fiduciary responsibility or is purely a service provider; also confirm whether this $22M target represents a hard cap or a placeholder subject to upward revision, given the amendment designation.

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Principals

General Partners & Executives

iCapital II GP LLC Michael Stanton