Averill Partners, LP
Averill Partners, LP is a hedge fund based in New York, New York. According to its most recent Form D, filed Jul 15, 2026, the fund has sold $631,269,959 of interests to 248 investors since its first sale in Mar 2020. 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 Averill GP, LLC; Montanova Capital, LLC.
Performance
No verified returns have been reported for this fund. As a rough guide, Montanova Capital, LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +22.0% 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 +68.6% (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
- $631,269,959Cumulative sales reported on Form D
- Investors
- 248
- First sale
- Mar 23, 2020
- 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
- Averill GP, LLC; Montanova Capital, LLC
- Latest Form D
- Jul 15, 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 Averill Partners, LP
What is the minimum investment for Averill Partners, LP?
Averill Partners, LP's latest Form D, filed Jul 15, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Averill Partners, LP?
Averill 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 Averill Partners, LP raised?
Averill Partners, LP reports $631,269,959 sold from 248 investors on its Form D filed Jul 15, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Averill Partners, LP based?
Averill Partners, LP is based in New York, New York and is managed by Montanova Capital, LLC.
When did Averill Partners, LP launch?
Averill Partners, LP reports its first sale in Mar 2020.
Size compared with every hedge fund
Raised more than 83% of the 2,544 hedge funds based in New York, and more than 85% of all 10,308 that report sales.