FormDSignal
52

MacKay Municipal Capital Trading Fund amends offering after raising $497M

Fund raise update · Other fund · Open-ended · NEW YORK, NY · Form D/A filed 2026-10-16 · sponsor: MacKay Shields · all Mackay Municipal Capital vehicles

MacKay Municipal Capital Trading Fund, L.P., a Delaware limited partnership managed by MacKay Shields LLC, has raised $496.96M from 129 investors since October 2016 under Regulation D exemptions 3(c)(7) and 6(b). The fund operates as an open-ended institutional investment vehicle with a $250K minimum investment and indefinite offering size.

$100M+ sold3(c)(7) — qualified purchasersCapital closing nowother

How this compares

  • Across 242 other fund sponsors with more than one launch on EDGAR, the median gap between consecutive funds is 4 months.
  • No earlier fund launch by this sponsor appears on EDGAR.

Computed from every Form D fund launch on EDGAR since late 2024, not sampled. Amounts are the stated offering size; indefinite offerings are excluded.

Raise progress

Sold rose from $410.1M to $497M (+$86.9M, +12 investors) in 364 days since the previous filing.

FiledFormSoldInvestorsChange
2024-10-17D/A$259.6M93
2025-10-17D/A$410.1M117+$150.5M
2026-10-16D/A$497M129+$86.9M

Amount sold and investor count as restated on each of the issuer's Form D filings. A rise since the previous filing is capital closed in between.

MacKay Shields on EDGAR

Earlier and related filings by the same issuer and sponsor. All Mackay Municipal Capital vehicles →

Registered adviser

name match

MACKAY SHIELDS LLC

Registration
SEC-registered adviser · since 1969-04-11
Regulatory AUM
$159.5B
Employees
206
Private funds on Form ADV
16
Office
New York, NY

Website and main-office phone from Form ADV. Subscribe to unlock

Incumbent service providers

The administrator, auditor, custodian and prime broker named on this adviser's 16 other funds: whether a new mandate here is a displacement or a greenfield. Subscribe to unlock

Other Form D filings by this adviser

4 other filings on EDGAR under this adviser, with size, strategy and date. Subscribe to unlock

People on the filing

N/A MacKay Shields LLCPromoter
N/A MacKay Municipal Capital Trading GP LLCPromoter
John M. LoffredoExecutive Officer
Robert A. DiMellaExecutive Officer

[email protected] · observed Work emails for the people on the filing, where the firm publishes or patterns them, labelled by confidence — subscribers

Signed by Rene A. Bustamante, Executive Managing Director of Investment Manager.

Placement agents / sales compensation: NYLIFE Distributors LLC; Gallatin Capital LLC

Why now — by persona

  • Fund audit & tax:A concrete reason to call this issuer this week, citing the filing. Subscribe to unlock
  • Fund administrator:A concrete reason to call this issuer this week, citing the filing. Subscribe to unlock

Filing contact

The issuer's phone number and address from the filing are shown to subscribers. See plans.