AltMountain

Acervus Fund LP

Glencoe, IL · CIK 1995215
Emerging

Acervus Fund LP is a hedge fund based in Glencoe, Illinois. According to its most recent Form D, filed Oct 7, 2025, the fund has sold $4,057,827 of interests to 5 investors since its first sale in Nov 2023. The minimum investment it accepts from an outside investor is $1,000,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include John Kastl; Partners Acervus.

Performance

No verified 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
$4,057,827Cumulative sales reported on Form D
Investors
5
First sale
Nov 1, 2023
Minimum investment
$1,000,000
Who can invest
Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption
Rule 506(b)No general advertising
Key people and entities
John Kastl; Partners Acervus
Latest Form D
Oct 7, 2025

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 Acervus Fund LP

What is the minimum investment for Acervus Fund LP?

According to its latest Form D, filed Oct 7, 2025, the minimum investment Acervus Fund LP accepts from an outside investor is $1,000,000.

Who can invest in Acervus Fund LP?

Acervus Fund LP 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 Acervus Fund LP raised?

Acervus Fund LP reports $4,057,827 sold from 5 investors on its Form D filed Oct 7, 2025. This is cumulative sales since the offering began, not current assets or performance.

Where is Acervus Fund LP based?

Acervus Fund LP is based in Glencoe, Illinois.

When did Acervus Fund LP launch?

Acervus Fund LP reports its first sale in Nov 2023, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).

Size compared with every hedge fund

Raised more than 24% of the 323 hedge funds based in Illinois, and more than 13% of all 10,308 that report sales.

Similar-size hedge funds in Illinois

All hedge funds in Illinois · Emerging managers