Adam Smith Fund, LLC

Minnetonka, MN · CIK 1424410

Status: no Form D since Mar 2016. Funds file a Form D when they begin selling and amend it each year while the offering continues, so this fund has most likely stopped raising money. It may still be investing, or it may have closed or been dissolved. The details below are from its latest filing, kept here as a record.

Adam Smith Fund, LLC is a hedge fund based in Minnetonka, Minnesota. According to its most recent Form D, filed Mar 1, 2016, the fund has sold $32,245,701 of interests to 61 investors since its first sale in Aug 2007. 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 Tony Christianson; Gordon Stofer; LLC Adam Smith Advisors.

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: $32,245,701Cumulative sales reported on Form D
Investors: 61
First sale: Aug 1, 2007
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: Tony Christianson; Gordon Stofer; LLC Adam Smith Advisors
Latest Form D: Mar 1, 2016

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 Adam Smith Fund, LLC

What is the minimum investment for Adam Smith Fund, LLC?

Adam Smith Fund, LLC's latest Form D, filed Mar 1, 2016, does not set a minimum investment. Managers can still require one in the offering documents.

Who can invest in Adam Smith Fund, LLC?

Adam Smith Fund, LLC 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 Adam Smith Fund, LLC raised?

Adam Smith Fund, LLC reports $32,245,701 sold from 61 investors on its Form D filed Mar 1, 2016. This is cumulative sales since the offering began, not current assets or performance.

Where is Adam Smith Fund, LLC based?

Adam Smith Fund, LLC is based in Minnetonka, Minnesota.

When did Adam Smith Fund, LLC launch?

Adam Smith Fund, LLC reports its first sale in Aug 2007.