Tender Offer - Destiny Alternative Fund (TEI) LLC

Form Type: SC TO-I

Filing Date: 2025-05-30

Corporate Action: Tender-offer

Type: New

Accession Number: 000110465925054760

Filing Summary: Destiny Alternative Fund (TEI) LLC is initiating a tender offer to purchase limited liability company Units representing up to approximately 5.00% of the Fund's net assets, estimated at $1,200,000 or roughly 9,575 Units, at their net asset value calculated as of June 30, 2025. Members can tender all or some of their Units but must do so by 11:59 p.m. Eastern Time on June 30, 2025, unless the deadline is extended at the discretion of the Board of Managers. The Offer is open to all Members, with payments made in cash sourced from available funds or sales of interests in Destiny Alternative Fund LLC. Members will be issued a non-interest bearing promissory note, representing the Fund's obligation for repurchased Units, entitling them to receive an initial cash payment equal to at least 95% of the estimated value of the Units tendered, and a post-audit payment if applicable, following annual audits. Members may withdraw their tenders before the expiration of the Offer, and the Fund also reserves the right to cancel or amend the offer as necessary.