Alternative Direct Solutions Fund LLC is a hedge fund based in New York, New York. According to its most recent Form D, filed Dec 15, 2015, the fund has sold $12,822,968 of interests to 7 investors since its first sale in May 2013. The minimum investment it accepts from an outside investor is $250,000. 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. Related persons named in the filing include Michael Moriarty; Todd Thomson; Jonathan Morris.
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
- $12,822,968Cumulative sales reported on Form D
- Investors
- 7
- First sale
- May 1, 2013
- Minimum investment
- $250,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Michael Moriarty; Todd Thomson; Jonathan Morris
- Latest Form D
- Dec 15, 2015
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 Alternative Direct Solutions Fund LLC
What is the minimum investment for Alternative Direct Solutions Fund LLC?
According to its latest Form D, filed Dec 15, 2015, the minimum investment Alternative Direct Solutions Fund LLC accepts from an outside investor is $250,000.
Who can invest in Alternative Direct Solutions Fund LLC?
Alternative Direct Solutions 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 Alternative Direct Solutions Fund LLC raised?
Alternative Direct Solutions Fund LLC reports $12,822,968 sold from 7 investors on its Form D filed Dec 15, 2015. This is cumulative sales since the offering began, not current assets or performance.
Where is Alternative Direct Solutions Fund LLC based?
Alternative Direct Solutions Fund LLC is based in New York, New York.
When did Alternative Direct Solutions Fund LLC launch?
Alternative Direct Solutions Fund LLC reports its first sale in May 2013.
Size compared with every hedge fund
Raised more than 26% of the 2,527 hedge funds based in New York, and more than 24% of all 10,134 that report sales.