# EDGAR Filing Document

**Accession Number:** 0002022674
**File Stem:** 0001213900-25-098500
**Filing Date:** 2025-10
**Character Count:** 6975
**Document Hash:** 56d9ace4ac2fd55d9cfb92b028d3a106
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-098500.hdr.sgml**: 20251014

**ACCESSION NUMBER**: 0001213900-25-098500

**CONFORMED SUBMISSION TYPE**: SC TO-I/A

**PUBLIC DOCUMENT COUNT**: 12

**FILED AS OF DATE**: 20251014

**DATE AS OF CHANGE**: 20251014

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Variant Alternative Lending Fund
- **CENTRAL INDEX KEY:** 0002022674

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-94825
- **FILM NUMBER:** 251390522

**BUSINESS ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES, INC.
- **STREET 2:** 235 W. GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 414-299-2000

**MAIL ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES, INC.
- **STREET 2:** 235 W. GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Variant Alternative Lending Fund
- **CENTRAL INDEX KEY:** 0002022674

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A

**BUSINESS ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES, INC.
- **STREET 2:** 235 W. GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 414-299-2000

**MAIL ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES, INC.
- **STREET 2:** 235 W. GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

SCHEDULE TO

TENDER OFFER STATEMENT UNDER SECTION 14(D)(1) OR 13(E)(1)

OF THE SECURITIES EXCHANGE ACT OF 1934

FINAL AMENDMENT

VARIANT ALTERNATIVE LENDING FUND

(Name of Subject Company (Issuer))

VARIANT ALTERNATIVE LENDING FUND

(Name of Filing Person(s) (Issuer))

SHARES OF BENEFICIAL INTEREST

(Title of Class of Securities)

N/A

(CUSIP Number of Class of Securities)

Ann Maurer

235 W. Galena Street

Milwaukee, WI 53212

(414) 299-2270

(Name, Address and Telephone Number of Person Authorized to Receive Notices and

Communications on Behalf of the Filing Person(s))

With a copy to:

Joshua B. Deringer, Esq.

Faegre Drinker Biddle & Reath LLP

One Logan Square, Ste. 2000

Philadelphia, PA 19103-6996

(215) 988-2700

April 17, 2025

(Date Tender Offer First Published,

Sent or Given to Security Holders)

☐ Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

☐ third-party tender offer subject to Rule 14d-1.

☒ issuer tender offer subject to Rule 13e-4.

☐ going-private transaction subject to Rule 13e-3.

☐ amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer: ☒

This final amendment relates to the Issuer Tender Offer Statement on Schedule TO (the "Statement") originally filed with the Securities and Exchange Commission on April 17, 2025 by Variant Alternative Lending Fund (the "Fund") in connection with an offer (the "Offer") by the Fund to purchase shares of beneficial interest ("Shares") in the Fund in an aggregate amount up to $2,440,277 on the terms and subject to the conditions set out in the Offer to Purchase and the related Letter of Transmittal. Copies of the Offer to Purchase and the Letter of Transmittal were previously filed as Exhibits B and C, respectively, to the Statement on April 17, 2025.

This is the final amendment to the Statement and is being filed to report the results of the Offer. The following information is furnished pursuant to Rule 13e-4(c)(4):

1. Holders of Shares in the Fund ("Shareholders") that desired to tender Shares, or a portion thereof, for purchase were required to submit their tenders by 4:00 p.m., Eastern Time, on May 15, 2025.

2. As of May 15, 2025, no Shareholders validly tendered Shares prior to the expiration of the Offer, and therefore, no Shares were accepted for purchase by the Fund in accordance with the Offer.

3. The net asset value of the Fund's Shares was calculated for purposes of the Offer as of May 15, 2025.

4. Except as specifically provided herein, the information contained in the Statement, Offer to Purchase and the related Letter of Transmittal previously filed on April 17, 2025 (collectively, the "Tender Offer Materials") remains unchanged and this final amendment does not modify any of the information previously reported in the Tender Offer Materials.

**Item 1 through Item 9 and Item 11**

The information set forth in the Tender Offer Materials is incorporated herein by reference into the final amendment in answer to Items 1 through 9 and Item 11 of Schedule TO.

**Item 12(a). Exhibits**

Not applicable.

**Item 12(b). Filing Fee**

[Calculation of Filing Fee Tables are attached herewith.](ea0260798-02_exfilingfees.htm)

**Item 13. Information Required by Schedule 13E-3**

Not applicable.

SIGNATURE

After due inquiry and to the best of my knowledge and belief, I certify that the information set out in this statement is true, complete and correct.

---

| | | |
|:---|:---|:---|
| VARIANT ALTERNATIVE LEDING FUND | VARIANT ALTERNATIVE LEDING FUND | VARIANT ALTERNATIVE LEDING FUND |
| By: | /s/ Curtis Fintel | /s/ Curtis Fintel |
|  | Name: | Curtis Fintel |
|  | Title: | Treasurer and Principal Financial Officer |

---

October 14, 2025

EXHIBIT INDEX

EXHIBIT <br>EX-FILING FEES [Calculation of Filing Fee Tables](ea0260798-02_exfilingfees.htm)

## Ex-Filing

?xml version='1.0' encoding='ASCII'? Filing Fee Exhibit

**Ex-Filing Fees**

**CALCULATION OF FILING FEE TABLES**

**SC TO**

**Variant Alternative Lending Fund**

**Table 1 to Paragraph (a)(7)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Line Item Type** | **Notes** | **Transaction <br> Valuation** | **Fee Rate** | **Amount <br> of <br> Filing Fee** |
| Fees to be Paid | (1) | $2440277.00 | 0.0001531 | $373.61 |
| Total Transaction Valuation: | Total Transaction Valuation: | $2440277.00 |  |  |
| Total Fees Due for Filing: | Total Fees Due for Filing: |  |  | $373.61 |
| Total Fees Previously Paid: | Total Fees Previously Paid: |  |  | 373.61 |
| Total Fee Offsets: | Total Fee Offsets: |  |  | 0.00 |
| Net Fee Due: | Net Fee Due: |  |  | $0.00 |

---

**__________________________________________ Offering Note(s)**

&nbsp;&nbsp;&nbsp;&nbsp;(1) Calculated as the aggregate maximum purchase price for shares of limited liability company interests. The fee of $373.61 was paid by the Fund in connection with filing of the Schedule TO-I by Variant Alternative Lending Fund (File No. 005-94825) on April 17, 2025. This is the final amendment to the Schedule TO and is being filed to report the results of the offer.