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Data last updated: Oct 23, 2026, 5:45 PM ETLatest filing: Oct 22, 2026Now: Oct 24, 2026, 5:15 AM ET

Sponsor Check › Management entity

I

Ikigai,

Management entity named on Form D filings · CO · Feb 12, 2021 → Feb 12, 2021

6deals (issuers)
$8.74Mreported sold
163investors
8Form D filings
2021year on file

Data last updated Oct 23, 2026, 5:45 PM ET · Courts (RECAP) last checked: Oct 24, 2026, 2:15 AM ET · SEC enforcement last checked: covered by the index scan as of Oct 24, 2026, 2:50 AM ET

The short version

Ikigai, is a management entity listed as an executive officer and director on 8 SEC Form D filings by 6 issuers between Feb 2021 and Sep 2024. Largest by amount reported sold: Ikigai Healthcare Fund II, LP (Denver, CO — pooled investment fund — 2023–2024; $4.72M reported sold to 47 investors), Ikigai Healthcare Fund I, LLC (Denver, CO — pooled investment fund — 2021–2022; $2M reported sold to 52 investors), Ikigai ProCredEx SPV, LP (Denver, CO — pooled investment fund — 2023; $1.5M reported sold to 27 investors), Ikigai Credo SPV, LP (Denver, CO — pooled investment fund — 2023; $277K reported sold to 17 investors), Ikigai Karoo SPV, LP (Denver, CO — pooled investment fund — 2023; $140K reported sold to 10 investors) and 1 more (all listed below).

What this means A repeat sponsor — 6 separate companies raised money with this person listed as executive officer and director, over about 3 years. Across those companies the filings report $8.74M sold in total.

Listed alongside Michael Brouthers (8 shared filings).

What this means These are the other officers, directors or promoters the companies named on the same forms — the team around Ikigai,. Each name links to their own page.

All 6 issuers belong to the sponsor group Ikigai Healthcare (7 issuers, $10.4M reported sold, 2009–2024).

What this means A sponsor group is one team that sets up a new company for each deal. Ikigai Healthcare has 7 companies on file and $10.4M reported sold in total — the group page shows the whole track record in one place.

Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AZ, CA, DE, TX, WA) — none found.

What this means Nothing turned up where we looked (3 sources). That does not prove there is nothing — it means none was found in those sources on that date.

We compared 8 public filings for Ikigai, and found 2 differences: No amendment in the last 12 months on an offering that may still be open; Ikigai, is written 2 different ways on the filings.

What this means These are differences between the sponsor's own SEC filings — both values, dates and sources are listed in Key records, section 4. Most have ordinary explanations; ask the sponsor.

What the community is saying

Community search for Ikigai, has not run yet — it is joining a line of 10,747 names; searches run around the clock at the hosts' allowed rate. Searched so far: 27 names.

Community comments are quoted as written by their authors. Sources searched: BiggerPockets forums (via DuckDuckGo, Brave, Bing and BiggerPockets search) and Reddit (search feed + public archive).

Key records

Five things investors ask first. Items still in human review are counted, not shown.

1. Lawsuits

None found in sources searched — federal courts (CourtListener / RECAP), checked Oct 24, 2026

What was searched

Sources searched: CourtListener bulk data (RECAP dockets as of 2026-09-30; recall-first rule 10-24) — federal district + bankruptcy courts State courts: not covered (one-tap state court links under Look further). PACER: not searched. · Last checked Oct 24, 2026, 2:15 AM ET.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

2. Regulatory actions

None found in sources searched — SEC enforcement releases (index scan as of Oct 24, 2026, 2:50 AM ET) · state securities regulators: AZ, CA, DE, TX, WA (crawled Oct 23, 2026)

What was searched

SEC enforcement searched: SEC litigation releases and administrative proceedings — respondent names in the sec.gov index titles (30,205 releases, 1995-09-19 to 2026-10-23); release text is read only to confirm a candidate. Names that appear only in the body of a release are not found. — Searched SEC litigation releases and administrative proceedings (1995→ / 2007→) (30,205 records as of Oct 24, 2026, 2:50 AM ET) — nothing matched Ikigai,..

State securities regulators searched: AZ (Corporation Commission Securities Division), CA (DFPI — 16 of 12,159 DFPI respondent pages read so far; sponsor-name matches are read first), DE (DOJ Investor Protection Unit), TX (State Securities Board), WA (DFI) — last crawled Oct 23, 2026, 9:57 PM ET. Other states are not covered.

3. Bankruptcies

None found in sources searched — federal bankruptcy courts (CourtListener / RECAP), checked Oct 24, 2026

What was searched

Sources searched: Federal bankruptcy courts via CourtListener / RECAP archive (federal district courts, federal bankruptcy courts). State courts: not covered (one-tap state court links under Look further). PACER: not searched (RECAP only). · Last checked Oct 24, 2026, 2:15 AM ET.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

4. Differences between public sources

Comparisons cover issuers and sponsor groups — see the issuer pages under Deals

2 differences found between the filings for Ikigai, (compared 8 filings on Oct 24, 2026)

Note · May 17, 2023 – Sep 4, 2024

No amendment in the last 12 months on an offering that may still be open — Ikigai Healthcare Fund II, LP (latest filing Sep 4, 2024)

The latest filing for this offering is dated Sep 4, 2024 (first sale May 17, 2023). It reports $4,725,000 sold of $10,000,000 offered. No later amendment is in our index as of Oct 24, 2026.

What this means SEC rules expect a yearly amendment while an offering is still going. The raise may simply have ended — a Form D does not say when it closed. Ask the sponsor whether the offering closed, when, and at what amount.

Sources
Note · Feb 12, 2021 – Feb 23, 2022

Ikigai, is written 2 different ways on the filings

listed as "Ikigai," on the Feb 12, 2021 filing, and "Ikigai, LLC" on 7 filings (from Feb 23, 2022).

What this means Same person, written differently — a middle name or suffix left off, or spelled another way. It is normal, but check that the full legal name matches your subscription documents.

Sources
What is compared

What is compared: every Form D and D/A we hold for this subject, side by side — filing dates vs. first-sale dates (the 15-day rule), amendment timing on open offerings (the yearly-amendment expectation), amounts sold, investor counts, offering amounts and minimums across amendments, industry and size bands, addresses, how each person's name and role is written, paid sellers' CRD numbers, and (for groups) where the member companies were formed and sit. Everything is as filed by the issuer; the SEC does not check it. Differences are common and usually have ordinary explanations — we show both values, the dates, and the source so you can ask. As of Oct 24, 2026.

5. Money to insiders

None reported on 6 offerings — no sales commissions, finder's fees or proceeds to insiders

Per-offering detail
Offering (latest filing)Sales commissionsFinder's feesTo insidersPaid to sell itSource
Sep 4, 2024 D/A
Ikigai Healthcare Fund II, LP
File 021-482725
$0$0$0
The General partner will receive a management fee payable by the Issuer quarterly in advance. Such fee will be equal to a percentage of the Issuer's aggregate capital commitments as specified in the Issuer's partnership agreement.
None listed on this filingEDGAR ↗
Oct 27, 2023 D
Ikigai Peer Supply SPV, LP
File 021-495802
$0$0$0None listed on this filingEDGAR ↗
Aug 16, 2023 D
Ikigai Karoo SPV, LP
File 021-489868
$0$0$0None listed on this filingEDGAR ↗
Jul 17, 2023 D
Ikigai Credo SPV, LP
File 021-487078
$0$0$0None listed on this filingEDGAR ↗
May 26, 2023 D
Ikigai ProCredEx SPV, LP
File 021-482730
$0$0$0None listed on this filingEDGAR ↗
Feb 23, 2022 D/A
Ikigai Healthcare Fund I, LLC
File 021-389353
$0$0$0 (est.)
The Manager is entitled to a carried interest, the amount of which is subject to several factors and cannot be determined at this time.
None listed on this filingEDGAR ↗

Counts come from Form D Items 12–15 on the filings in our index (latest filing per offering; one offering = one SEC file number; an amendment updates its offering rather than adding one). "To insiders" = gross proceeds used for payments to executive officers, directors or promoters. "—" = not reported on that filing. Amounts marked (est.) were reported as estimates. "Paid to sell it" = sales compensation recipients named on that filing (Item 12), each linked to FINRA BrokerCheck when a CRD number is reported.

Counted across every filing this entity is listed on (latest filing per offering, per issuer).

Deals 6

Every issuer that named Ikigai, on a Form D, newest first. A Form D is the notice a company files after it starts selling a private investment.

Pooled Investment Fund · group: Ikigai Healthcare

Ikigai Healthcare Fund II, LP

Denver, CO · May 26, 2023 → Sep 4, 2024 · 2 filings
  • Sep 4, 2024 · D/A · $4,725,000 sold of $10,000,000 · 47 investors · min. $100,000 · role: Executive Officer, Director (General Partner of the Issuer) EDGAR ↗
  • May 26, 2023 · D · $2,100,000 sold of $10,000,000 · 24 investors · min. $100,000 · role: Executive Officer, Director (General Partner of the Issuer) EDGAR ↗

Raised $4.72M from 47 investors (47% of the $10M target) as of the latest filing. Ikigai, is listed as executive officer, director on 2 filings for this deal.

Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Pooled Investment Fund / 506(b) (83,801 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

Pooled Investment Fund · group: Ikigai Healthcare

Ikigai Peer Supply SPV, LP

Denver, CO · Oct 27, 2023
  • Oct 27, 2023 · D · $100,000 sold of $100,000 · 10 investors · min. $10,000 · role: Director (General Partner of the Issuer) EDGAR ↗

Raised $100K from 10 investors (100% of the $100K target) as of the latest filing. Ikigai, is listed as director.

Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Pooled Investment Fund / 506(b) (83,801 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

Pooled Investment Fund · group: Ikigai Healthcare

Ikigai Karoo SPV, LP

Denver, CO · Aug 16, 2023
  • Aug 16, 2023 · D · $140,000 sold of $140,000 · 10 investors · min. $10,000 · role: Executive Officer, Director (General Partner of the Issuer) EDGAR ↗

Raised $140K from 10 investors (100% of the $140K target) as of the latest filing. Ikigai, is listed as executive officer, director.

Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Pooled Investment Fund / 506(b) (83,801 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

Pooled Investment Fund · group: Ikigai Healthcare

Ikigai Credo SPV, LP

Denver, CO · Jul 17, 2023
  • Jul 17, 2023 · D · $277,000 sold of $277,000 · 17 investors · min. $10,000 · role: Executive Officer, Director (General Partner of the Issuer) EDGAR ↗

Raised $277K from 17 investors (100% of the $277K target) as of the latest filing. Ikigai, is listed as executive officer, director.

Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Pooled Investment Fund / 506(b) (83,801 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

Pooled Investment Fund · group: Ikigai Healthcare

Ikigai ProCredEx SPV, LP

Denver, CO · May 26, 2023
  • May 26, 2023 · D · $1,500,000 sold of $1,500,000 · 27 investors · min. $10,000 · role: Executive Officer, Director (General Partner of the Issuer) EDGAR ↗

Raised $1.5M from 27 investors (100% of the $1.5M target) as of the latest filing. Ikigai, is listed as executive officer, director.

Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Pooled Investment Fund / 506(b) (83,801 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

Pooled Investment Fund · group: Ikigai Healthcare

Ikigai Healthcare Fund I, LLC

Denver, CO · Feb 12, 2021 → Feb 23, 2022 · 2 filings
  • Feb 23, 2022 · D/A · $2,000,000 sold of $2,000,000 · 52 investors · min. $10,000 · role: Executive Officer (Manager of the Issuer) EDGAR ↗
  • Feb 12, 2021 · D · $495,000 sold of $2,000,000 · 15 investors · min. $10,000 · role: Executive Officer (Manager of the Issuer) EDGAR ↗

Raised $2M from 52 investors (100% of the $2M target) as of the latest filing. Ikigai, is listed as executive officer on 2 filings for this deal.

Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Pooled Investment Fund / 506(b) (83,801 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

People around Ikigai, 1

Officers, directors, promoters and management entities named on the same filings, as of Oct 23, 2026, 5:45 PM ET.

MB
No photo found yet (own website and image search run after this page is viewed)
Person

Michael Brouthers

Executive Officer, Director, Promoter · 8 shared filings (6 issuers) · also on 1 other issuer

Michael Brouthers is on 7 issuers in total — a repeat sponsor. Their page lists every one.

The team behind the deals

Sponsor group

Ikigai Healthcare

7 issuers · 10 filings · $10.4M reported sold · 2009–2024

One team, 7 deal companies. Ikigai, is listed on 6 of them.

Sources

Issuers are grouped when their Form D filings share related persons, a management entity or a business address (automatic match from the filings). "Listed" marks the issuers that name Ikigai,.

Same business address

1 other issuer file from the same address

A shared address can mean the same team, a shared office building or a registered agent. It is a lead, not a conclusion.

Registrations and other filings

Adviser registration (Form ADV)

IKIGAI TRUST REVOLUTION OPPORTUNITIES FUND I GP LLC — IAPD listing status: INACTIVE · SEC file 802-125873 · Main office: RIO GRANDE, PUERTO RICO, PR · IAPD record ↗ · Form ADV filing (PDF) ↗

Regulatory assets under management: Not found in sources searched (SEC Investment Adviser Information Reports — Form ADV data for SEC-registered advisers and exempt reporting advisers (file dated 2026-10-02) does not list CRD 319682; the IAPD search summary does not report AUM).

Disclosures: IAPD summary flag reports disclosures on record: No — Item 11 answers: not in the monthly Form ADV data file loaded; see the IAPD record ↗.

Matched on management entity listed on Form D = adviser other name, adviser's main office state (PR) differs from the Form D state (CO) · IAPD record last checked Oct 23, 2026, 10:46 PM ET

Other offering types (Regulation A and Regulation Crowdfunding)

Searched SEC Regulation A Data Sets (Forms 1-A, 1-K, 1-Z; 2015 Q2 → 2026 Q3); SEC Crowdfunding Offerings Data Sets (Form C family; 2016 Q2 → 2026 Q3); EDGAR form index for 2026 Q3 → 2026 Q4 (51,358 records as of Oct 23, 2026, 8:41 PM ET) — nothing matched this name.

Property records none — individuals are not matched

Ikigai, is matched through the issuers it is listed on; property records are tied to issuers, not to management companies, on this site. Searched property records in Hillsborough County FL (Clerk recorded-document index Oct 14, 2026 to Oct 15, 2026 + FL DOR 2026 ownership roll), Miami-Dade County FL (FL DOR 2026 ownership roll), Harris County TX (HCAD 2026 ownership roll), Dallas County TX (DCAD 2026 ownership roll), New York City ACRIS documents and PLUTO ownership rows already retrieved for other issuers, Cook County IL sale and ownership rows already retrieved for other issuers (814,874 records as of Oct 23, 2026, 8:59 PM ET) for the 6 issuers this person is listed on — nothing matched.

Public profiles and social

Websites and social links of the issuers Ikigai, is listed on: none on file. No website or social profile named in Ikigai Healthcare Fund II, LP's SEC filings (Form C, Reg A, Form ADV; checked Oct 24, 2026). Web search for this name: #91,752 of 374,652 in line (14 issuers searched so far). One-tap searches: Look further ↓

Look further

One-tap searches on sites we do not index ourselves, with the name pre-filled (Denver, CO). Each opens in a new tab; what you find there is not verified by PartnerFacts.

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