ADAR1 Partners, LP
ADAR1 Partners, LP is a hedge fund based in Austin, Texas. According to its most recent Form D, filed Aug 7, 2026, the fund has sold $406,416,084 of interests to 215 investors since its first sale in Feb 2019. 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 ADAR1 Capital Management, LLC; Daniel Schneeberger; ADAR1 Capital Management GP, LLC.
Performance
No verified returns have been reported for this fund. As a rough guide, Adar1 Capital Management, LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +17.8% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +112.0% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $406,416,084Cumulative sales reported on Form D
- Investors
- 215
- First sale
- Feb 26, 2019
- 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
- ADAR1 Capital Management, LLC; Daniel Schneeberger; ADAR1 Capital Management GP, LLC
- Latest Form D
- Aug 7, 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 ADAR1 Partners, LP
What is the minimum investment for ADAR1 Partners, LP?
ADAR1 Partners, LP's latest Form D, filed Aug 7, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in ADAR1 Partners, LP?
ADAR1 Partners, 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 ADAR1 Partners, LP raised?
ADAR1 Partners, LP reports $406,416,084 sold from 215 investors on its Form D filed Aug 7, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is ADAR1 Partners, LP based?
ADAR1 Partners, LP is based in Austin, Texas and is managed by Adar1 Capital Management, LLC.
When did ADAR1 Partners, LP launch?
ADAR1 Partners, LP reports its first sale in Feb 2019.
Size compared with every hedge fund
Raised more than 89% of the 631 hedge funds based in Texas, and more than 79% of all 10,308 that report sales.