Azora NextGen Fund LP is a hedge fund based in Miami, Florida. According to its most recent Form D, filed Dec 23, 2025, the fund has sold $10,600,000 of interests to 4 investors since its first sale in Mar 2021. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Ravi Chopra; Azora Capital Advisors LLC; Azora Capital LP.
Performance
No verified returns have been reported for this fund. As a rough guide, Azora Capital LP, which manages it, disclosed U.S. stock holdings that returned an estimated +16.0% 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 +60.4% (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
- $10,600,000Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Mar 1, 2021
- 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
- Ravi Chopra; Azora Capital Advisors LLC; Azora Capital LP
- Latest Form D
- Dec 23, 2025
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 Azora NextGen Fund LP
What is the minimum investment for Azora NextGen Fund LP?
Azora NextGen Fund LP's latest Form D, filed Dec 23, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Azora NextGen Fund LP?
Azora NextGen 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 Azora NextGen Fund LP raised?
Azora NextGen Fund LP reports $10,600,000 sold from 4 investors on its Form D filed Dec 23, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Azora NextGen Fund LP based?
Azora NextGen Fund LP is based in Miami, Florida and is managed by Azora Capital LP.
When did Azora NextGen Fund LP launch?
Azora NextGen Fund LP reports its first sale in Mar 2021, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 48% of the 750 hedge funds based in Florida, and more than 22% of all 10,308 that report sales.