Tender Offer - Destiny Alternative Fund LLC

Form Type: SC TO-I

Filing Date: 2025-05-30

Corporate Action: Tender-offer

Type: New

Accession Number: 000110465925054757

Filing Summary: Destiny Alternative Fund LLC (the Fund) is initiating a tender offer to purchase up to approximately 5.00% of its net assets (approximately $1,800,000 or about 14,270 units) from its members at the net asset value as determined on a specific valuation date. As of March 31, 2025, the net asset value per unit was $126.14, with a total of approximately $35,884,187 in capital modeled on 284,475 units. Members must tender their units by 11:59 p.m. Eastern Time on June 30, 2025, with the possibility of extensions at the discretion of the Board of Managers. The tendering process allows for members to withdraw their offers until the deadline. Units tendered will be repurchased on a first in-first out basis and will involve two payments: an initial payment representing 95% of the unverified value of the tendered units, and a contingent post-audit payment based on adjustments post-audit. The Fund will use resources such as cash on hand or proceeds from asset sales for these payments. No minimum number of units is required for the offer to proceed, and all tendered units will be canceled upon repurchase. The Fund aims to provide liquidity to members holding units, adhering to guidelines set in prior communications to investors.