14B Parsec Fund LLC is a hedge fund based in La Jolla, California. According to its most recent Form D, filed Feb 27, 2026, the fund has sold $326,628,649 of interests to 148 investors since its first sale in Aug 2008. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include 14B Capital Management LP; 14B Capital GP LLC; Ilya Zaides.
Performance
No returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $326,628,649Cumulative sales reported on Form D
- Investors
- 148
- First sale
- Aug 1, 2008
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- 14B Capital Management LP; 14B Capital GP LLC; Ilya Zaides
- Latest Form D
- Feb 27, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about 14B Parsec Fund LLC
What is the minimum investment for 14B Parsec Fund LLC?
14B Parsec Fund LLC's latest Form D, filed Feb 27, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in 14B Parsec Fund LLC?
14B Parsec Fund LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has 14B Parsec Fund LLC raised?
14B Parsec Fund LLC reports $326,628,649 sold from 148 investors on its Form D filed Feb 27, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is 14B Parsec Fund LLC based?
14B Parsec Fund LLC is based in La Jolla, California.
When did 14B Parsec Fund LLC launch?
14B Parsec Fund LLC reports its first sale in Aug 2008.
Size compared with every hedge fund
Raised more than 83% of the 1,049 hedge funds based in California, and more than 76% of all 10,140 that report sales.