Saluda Grade Alternative Lending
Saluda Grade Alternative Lending last closed a fund in September 2024 — 26 months ago. By its own rhythm, that is inside the window where it usually raises again.
Saluda Grade Alternative Lending has raised 3 times on its Fintech Growth funds about every 32 months. The last was Saluda Grade Alternative Lending & Fintech Growth Fund III LP. That points to May 2027 — it is inside its window now.
Historically about 1 in 4 firms in this position filed within a year. The month is approximate — how often this is right.
Mid-cycle This firm is far enough into its last fund to be investing, and too early to be raising again.
Still filing with the SEC: October 2025. That is an amendment to an existing offering, not a new fund - which is what an evergreen structure looks like in this data.
- Funds on file
- 5
- Capital raised
- $174M+
- Latest close
- September 2024
- Based in
- CA, NY
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Saluda Grade Alternative Lending & Fintech Growth Fund III LP | September 2024 | $100M | 0002038867 ↗ |
| Saluda Grade Alternative Lending & Fintech Growth Fund II LP | December 2021 | $36M | 0001901984 ↗ |
| SALUDA GRADE OPPORTUNITIES FUND LLC | April 2020 | $6M | 0001810163 ↗ |
| Saluda Grade Alternative Lending & Fintech Growth Fund I LP | June 2019 | $32M | 0001777344 ↗ |
| Saluda Grade Provenance Fund LP | — | not stated | 0001787925 ↗ |
1 of these filed no amount (an “Indefinite” offering), so the total above is a floor.
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
Ryan Craft, Brian Brennan, Timothy CARR
What Saluda Grade Alternative Lending invests in
- Typical fund
- $36M median, seed to early stage
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.