Basira Advantage Fund, LP is a hedge fund based in New York, New York. According to its most recent Form D, filed Feb 20, 2026, the fund has sold $2,000,000 of interests to 1 investor since its first sale in Feb 2023. The filing does not set a minimum investment. 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 Nafis Upshur; Basira Holdings, LLC; Basira Partners, 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
- $2,000,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Feb 1, 2023
- Minimum investment
- None set
- 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
- Nafis Upshur; Basira Holdings, LLC; Basira Partners, LLC
- Latest Form D
- Feb 20, 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 Basira Advantage Fund, LP
What is the minimum investment for Basira Advantage Fund, LP?
Basira Advantage Fund, LP's latest Form D, filed Feb 20, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Basira Advantage Fund, LP?
Basira Advantage Fund, 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 Basira Advantage Fund, LP raised?
Basira Advantage Fund, LP reports $2,000,000 sold from 1 investor on its Form D filed Feb 20, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Basira Advantage Fund, LP based?
Basira Advantage Fund, LP is based in New York, New York.
When did Basira Advantage Fund, LP launch?
Basira Advantage Fund, LP reports its first sale in Feb 2023, 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 14% of the 2,544 hedge funds based in New York, and more than 8% of all 10,308 that report sales.