Baselake Partners, LP is a hedge fund based in Troy, Michigan. According to its most recent Form D, filed Jun 12, 2026, the fund has sold $6,899,000 of interests to 11 investors since its first sale in Dec 2022. The minimum investment it accepts from an outside investor is $1. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include David Paolella; Baselake GP, LLC.
Performance
No verified 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
- $6,899,000Cumulative sales reported on Form D
- Investors
- 11
- First sale
- Dec 16, 2022
- Minimum investment
- $1
- 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
- David Paolella; Baselake GP, LLC
- Latest Form D
- Jun 12, 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 Baselake Partners, LP
What is the minimum investment for Baselake Partners, LP?
According to its latest Form D, filed Jun 12, 2026, the minimum investment Baselake Partners, LP accepts from an outside investor is $1.
Who can invest in Baselake Partners, LP?
Baselake Partners, 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 Baselake Partners, LP raised?
Baselake Partners, LP reports $6,899,000 sold from 11 investors on its Form D filed Jun 12, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Baselake Partners, LP based?
Baselake Partners, LP is based in Troy, Michigan.
When did Baselake Partners, LP launch?
Baselake Partners, LP reports its first sale in Dec 2022, 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 71% of the 28 hedge funds based in Michigan, and more than 17% of all 10,307 that report sales.