Base Rate Fund, L.P. is a hedge fund based in Dallas, Texas. According to its most recent Form D, filed Apr 14, 2023, the fund has sold $49,193,868 of interests to 97 investors since its first sale in Jan 2019. The minimum investment it accepts from an outside investor is $1,000,000. 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 3B Capital GP, LP; 3B Capital Equity, LLC; Carl Baggett.
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
- $49,193,868Cumulative sales reported on Form D
- Investors
- 97
- First sale
- Jan 2, 2019
- Minimum investment
- $1,000,000
- 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
- 3B Capital GP, LP; 3B Capital Equity, LLC; Carl Baggett
- Latest Form D
- Apr 14, 2023
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 Base Rate Fund, L.P.
What is the minimum investment for Base Rate Fund, L.P.?
According to its latest Form D, filed Apr 14, 2023, the minimum investment Base Rate Fund, L.P. accepts from an outside investor is $1,000,000.
Who can invest in Base Rate Fund, L.P.?
Base Rate Fund, L.P. 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 Base Rate Fund, L.P. raised?
Base Rate Fund, L.P. reports $49,193,868 sold from 97 investors on its Form D filed Apr 14, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Base Rate Fund, L.P. based?
Base Rate Fund, L.P. is based in Dallas, Texas.
When did Base Rate Fund, L.P. launch?
Base Rate Fund, L.P. reports its first sale in Jan 2019.
Size compared with every hedge fund
Raised more than 62% of the 537 hedge funds based in Texas, and more than 45% of all 10,134 that report sales.