Project Black, LP
Private Equity FundFund ID 805-3335415675Delaware, United States
Gross assets
$1.19B
Min. investment
$100M
Beneficial owners
12
Size rank
Top 6%
Audited
Yes
Structure
Standalone
About this fund
Project Black, LP is a private equity fund managed by Ariel Alternatives, LLC. The fund reports $1.2 billion in gross assets, placing it among the top 6% of private funds by size. The stated minimum investment is $100 million. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.
Fund details
| Fund ID | 805-3335415675 |
| Fund type | Private Equity Fund |
| 3(c)(1) exclusion | Yes |
| 3(c)(7) exclusion | Yes |
| Master fund | No |
| Feeder fund | No |
| Fund of funds | No |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| Sales limited to qualified investors | Yes |
| % of assets independently valued | 0% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| Groome Pb Co-Invest Aggregator, LLC | Private Equity | $176.5M |
| Project Black Coordinated Participation Fund, LP | Private Equity | $102.2M |
| Project Black Nus, LP | Private Equity | $101.8M |
See all 5 funds from this manager — unlock the full record.
Join to unlock · $37/moFrequently asked questions
How large is Project Black, LP?
Project Black, LP reports $1.2 billion in gross assets, among the top 6% of private funds by size.
What is the minimum investment for Project Black, LP?
The stated minimum investment is $100 million.
Who manages Project Black, LP?
Project Black, LP is managed by Ariel Alternatives, LLC.
Does Project Black, LP disclose returns?
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.
Manager
A
Chicago, IL
Service providers
Reported gross assets
$1.19B▼ 16%
Jan '25Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 6%
Larger than 94% of 67,041 private funds
Gross assets vs Private Equity FundsTop 5%
Larger than 95% of 31,066 private equity funds
Minimum investmentTop 2%
Higher than 98% of funds reporting a minimum
Investor base
Adviser & related persons11%
Funds of funds%
Non-U.S. persons%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.