During the Offshore Code Comparison Collaboration, Continued, with Correlation (OC5) project, which focused on the validation of numerical methods through comparison against tank test data, the authors created a numerical FAST model of the 1:50-scale DeepCwind semisubmersible system that was tested at the Maritime Research Institute Netherlands ocean basin in 2013. The OC5 project revealed a general underprediction of loads and motions by the participating numerical models. This paper discusses several model calibration studies that were conducted to identify potential model parameter adjustments that help to improve the agreement between the numerical simulations and the experimental test data. These calibration studies cover wind-field-specific parameters (coherence, turbulence), and hydrodynamic and aerodynamic modeling approaches, as well as rotor model (blade-pitch and blade-mass imbalances) and tower model (structural tower damping coefficient) adjustments. These calibration studies were conducted based on relatively simple calibration load cases (wave only/wind only). The agreement between the final FAST model and experimental measurements is then assessed based on more complex combined wind and wave validation cases. The analysis presented in this paper does not claim to be an exhaustive parameter identification study but is aimed at describing the qualitative impact of different model parameters on the system response. This work should help to provide guidance for future systematic parameter identification and uncertainty quantification efforts.