Aristides Fund LP
Aristides Fund LP is a hedge fund based in Louisville, Kentucky. According to its most recent Form D, filed Mar 23, 2026, the fund has sold $147,168,008 of interests to 187 investors since its first sale in Jul 2008. The minimum investment it accepts from an outside investor is $500,000. 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 Daniel Nall; Aristides Capital LLC; Claire Brown.
Performance
No verified returns have been reported for this fund. As a rough guide, Aristides Capital LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +7.8% 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 +48.9% (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
- $147,168,008Cumulative sales reported on Form D
- Investors
- 187
- First sale
- Jul 29, 2008
- Minimum investment
- $500,000
- 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
- Daniel Nall; Aristides Capital LLC; Claire Brown
- Latest Form D
- Mar 23, 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 Aristides Fund LP
What is the minimum investment for Aristides Fund LP?
According to its latest Form D, filed Mar 23, 2026, the minimum investment Aristides Fund LP accepts from an outside investor is $500,000.
Who can invest in Aristides Fund LP?
Aristides 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 Aristides Fund LP raised?
Aristides Fund LP reports $147,168,008 sold from 187 investors on its Form D filed Mar 23, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Aristides Fund LP based?
Aristides Fund LP is based in Louisville, Kentucky and is managed by Aristides Capital LLC.
When did Aristides Fund LP launch?
Aristides Fund LP reports its first sale in Jul 2008.
Size compared with every hedge fund
Raised more than 85% of the 20 hedge funds based in Kentucky, and more than 64% of all 10,308 that report sales.