402 Fund LP is a hedge fund based in Aventura, Florida. According to its most recent Form D, filed Jan 4, 2021, the fund has sold $30,969,532 of interests to 28 investors since its first sale in Feb 2009. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Ian Jacobs.
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
- $30,969,532Cumulative sales reported on Form D
- Investors
- 28
- First sale
- Feb 27, 2009
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Ian Jacobs
- Latest Form D
- Jan 4, 2021
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 402 Fund LP
What is the minimum investment for 402 Fund LP?
402 Fund LP's latest Form D, filed Jan 4, 2021, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in 402 Fund LP?
402 Fund LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has 402 Fund LP raised?
402 Fund LP reports $30,969,532 sold from 28 investors on its Form D filed Jan 4, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is 402 Fund LP based?
402 Fund LP is based in Aventura, Florida.
When did 402 Fund LP launch?
402 Fund LP reports its first sale in Feb 2009.
Size compared with every hedge fund
Raised more than 63% of the 743 hedge funds based in Florida, and more than 38% of all 10,128 that report sales.