Ascend Ac Fund LP is a hedge fund based in Orinda, California. According to its most recent Form D, filed Dec 12, 2016, the fund has sold $220,279,359 of interests to 2 investors since its first sale in Dec 2014. 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 Ascend Capital Limited Partnership; Malcolm Fairbairn; Benjamin Slavet.
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
- $220,279,359Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Dec 1, 2014
- 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
- Ascend Capital Limited Partnership; Malcolm Fairbairn; Benjamin Slavet
- Latest Form D
- Dec 12, 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 Ascend Ac Fund LP
What is the minimum investment for Ascend Ac Fund LP?
Ascend Ac Fund LP's latest Form D, filed Dec 12, 2016, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Ascend Ac Fund LP?
Ascend Ac 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 Ascend Ac Fund LP raised?
Ascend Ac Fund LP reports $220,279,359 sold from 2 investors on its Form D filed Dec 12, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is Ascend Ac Fund LP based?
Ascend Ac Fund LP is based in Orinda, California.
When did Ascend Ac Fund LP launch?
Ascend Ac Fund LP reports its first sale in Dec 2014.
Size compared with every hedge fund
Raised more than 78% of the 1,049 hedge funds based in California, and more than 71% of all 10,134 that report sales.