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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000898432-10-000338.txt : 20100310
<SEC-HEADER>0000898432-10-000338.hdr.sgml : 20100310
<ACCEPTANCE-DATETIME>20100310121135
ACCESSION NUMBER:		0000898432-10-000338
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(7)
FILED AS OF DATE:		20100310
DATE AS OF CHANGE:		20100310
EFFECTIVENESS DATE:		20100310

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Siguler Guff Distressed Real Estate ASP Fund, LLC
		CENTRAL INDEX KEY:			0001486687
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-139412
		FILM NUMBER:		10669568

	BUSINESS ADDRESS:	
		STREET 1:		C/O ALTERNATIVE STRATEGIES GROUP, INC.
		STREET 2:		401 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28288-1157
		BUSINESS PHONE:		704-383-6369

	MAIL ADDRESS:	
		STREET 1:		C/O ALTERNATIVE STRATEGIES GROUP, INC.
		STREET 2:		401 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28288-1157
</SEC-HEADER>
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<TYPE>D
<SEQUENCE>1
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        <cik>0001486687</cik>
        <entityName>Siguler Guff Distressed Real Estate ASP Fund, LLC</entityName>
        <issuerAddress>
            <street1>C/O ALTERNATIVE STRATEGIES GROUP, INC.</street1>
            <street2>401 S. TRYON STREET</street2>
            <city>CHARLOTTE</city>
            <stateOrCountry>NC</stateOrCountry>
            <zipCode>28288-1157</zipCode>
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        <issuerPhoneNumber>704-383-6369</issuerPhoneNumber>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <lastName>Alternative Strategies Group, Inc.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>401 S. Tryon Street, TH3</street1>
                <city>Charlotte</city>
                <stateOrCountry>NC</stateOrCountry>
                <zipCode>28288-1157</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Managing Member of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Adam</firstName>
                <middleName>I.</middleName>
                <lastName>Taback</lastName>
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                <street1>c/o Alternative Strategies Group, Inc.</street1>
                <street2>401 S. Tryon Street, TH3</street2>
                <city>Charlotte</city>
                <stateOrCountry>NC</stateOrCountry>
                <zipCode>28288-1157</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>President and Director of the Managing Member</relationshipClarification>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Britta</firstName>
                <middleName>Perkio</middleName>
                <lastName>Patterson</lastName>
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                <street1>c/o Alternative Strategies Group, Inc.</street1>
                <street2>401 S. Tryon Street, TH3</street2>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <middleName>H.</middleName>
                <lastName>Koonce</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Evergreen Investment Mgmt. Co., LLC</street1>
                <street2>200 Berkeley Street</street2>
                <city>Boston</city>
                <stateOrCountry>MA</stateOrCountry>
                <zipCode>02116</zipCode>
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                <firstName>Sheelpa</firstName>
                <middleName>P.</middleName>
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            <relatedPersonAddress>
                <street1>c/o Alternative Strategies Group, Inc.</street1>
                <street2>401 S. Tryon Street, TH3</street2>
                <city>Charlotte</city>
                <stateOrCountry>NC</stateOrCountry>
                <zipCode>28288-1157</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Compliance Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Yukari</firstName>
                <lastName>Nakano</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Evergreen Investment Mgmt. Co., LLC</street1>
                <street2>200 Berkeley Street</street2>
                <city>Boston</city>
                <stateOrCountry>MA</stateOrCountry>
                <zipCode>02116</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Operating Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Lloyd</firstName>
                <lastName>Lipsett</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Evergreen Investment Mgmt. Co., LLC</street1>
                <street2>200 Berkeley Street</street2>
                <city>Boston</city>
                <stateOrCountry>MA</stateOrCountry>
                <zipCode>02116</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Senior Vice President and Secretary of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Dean</firstName>
                <middleName>A.</middleName>
                <lastName>Junkans</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Alternative Strategies Group, Inc.</street1>
                <street2>401 S. Tryon Street, TH3</street2>
                <city>Charlotte</city>
                <stateOrCountry>NC</stateOrCountry>
                <zipCode>28288-1157</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Phil</firstName>
                <lastName>Bancroft</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Alternative Strategies Group, Inc.</street1>
                <street2>401 S. Tryon Street, TH3</street2>
                <city>Charlotte</city>
                <stateOrCountry>NC</stateOrCountry>
                <zipCode>28288-1157</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Financial Officer and Treasurer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Rob</firstName>
                <lastName>Coltrin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Alternative Strategies Group, Inc.</street1>
                <street2>401 S. Tryon Street, TH3</street2>
                <city>Charlotte</city>
                <stateOrCountry>NC</stateOrCountry>
                <zipCode>28288-1157</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Anil</firstName>
                <lastName>Kumar</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Evergreen Investment Mgmt. Co., LLC</street1>
                <street2>200 Berkeley Street</street2>
                <city>Boston</city>
                <stateOrCountry>MA</stateOrCountry>
                <zipCode>02116</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <yetToOccur>true</yetToOccur>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>250000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>N/A</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Wells Fargo Advisors, LLC</associatedBDName>
                <associatedBDCRDNumber>19616</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>One North Jefferson Avenue</street1>
                    <city>St. Louis</city>
                    <stateOrCountry>MO</stateOrCountry>
                    <zipCode>63103</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>0</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>0</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>1500000</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </findersFees>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Siguler Guff Distressed Real Estate ASP Fund, LLC</issuerName>
                <signatureName>/s/ Anil Kumar</signatureName>
                <nameOfSigner>Anil Kumar</nameOfSigner>
                <signatureTitle>Vice President of the Managing Member of the Issuer</signatureTitle>
                <signatureDate>2010-03-09</signatureDate>
            </signature>
        </signatureBlock>
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