Basso SPAC Fund LLC is a hedge fund based in Stamford, Connecticut. According to its most recent Form D, filed Feb 8, 2022, the fund has sold $158,128,604 of interests to 51 investors since its first sale in Apr 2011. The minimum investment it accepts from an outside investor is $1,000,000. 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 Basso Capital Management, L.P; Howard Fischer; Dwight Nelson.
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
- $158,128,604Cumulative sales reported on Form D
- Investors
- 51
- First sale
- Apr 1, 2011
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Basso Capital Management, L.P; Howard Fischer; Dwight Nelson
- Latest Form D
- Feb 8, 2022
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 Basso SPAC Fund LLC
What is the minimum investment for Basso SPAC Fund LLC?
According to its latest Form D, filed Feb 8, 2022, the minimum investment Basso SPAC Fund LLC accepts from an outside investor is $1,000,000.
Who can invest in Basso SPAC Fund LLC?
Basso SPAC Fund LLC 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 Basso SPAC Fund LLC raised?
Basso SPAC Fund LLC reports $158,128,604 sold from 51 investors on its Form D filed Feb 8, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Basso SPAC Fund LLC based?
Basso SPAC Fund LLC is based in Stamford, Connecticut.
When did Basso SPAC Fund LLC launch?
Basso SPAC Fund LLC reports its first sale in Apr 2011.
Size compared with every hedge fund
Raised more than 76% of the 866 hedge funds based in Connecticut, and more than 65% of all 10,140 that report sales.