Bi-Directional Disequilibrium Fund, L.P.
Bi-Directional Disequilibrium Fund, L.P. is a hedge fund based in New York, New York. According to its most recent Form D, filed Feb 27, 2026, the fund has sold $292,634,893 of interests to 120 investors since its first sale in Nov 2006. 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. Related persons named in the filing include LCS, LLC; Levin Capital Strategies, L.P; John Levin.
Performance
No verified returns have been reported for this fund. As a rough guide, Levin Capital Strategies, L.P., which manages it, disclosed U.S. stock holdings that returned an estimated +7.8% 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 +42.8% (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
- $292,634,893Cumulative sales reported on Form D
- Investors
- 120
- First sale
- Nov 1, 2006
- 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
- LCS, LLC; Levin Capital Strategies, L.P; John Levin
- Latest Form D
- Feb 27, 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 Bi-Directional Disequilibrium Fund, L.P.
What is the minimum investment for Bi-Directional Disequilibrium Fund, L.P.?
Bi-Directional Disequilibrium Fund, L.P.'s latest Form D, filed Feb 27, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Bi-Directional Disequilibrium Fund, L.P.?
Bi-Directional Disequilibrium Fund, L.P. 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 Bi-Directional Disequilibrium Fund, L.P. raised?
Bi-Directional Disequilibrium Fund, L.P. reports $292,634,893 sold from 120 investors on its Form D filed Feb 27, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Bi-Directional Disequilibrium Fund, L.P. based?
Bi-Directional Disequilibrium Fund, L.P. is based in New York, New York and is managed by Levin Capital Strategies, L.P..
When did Bi-Directional Disequilibrium Fund, L.P. launch?
Bi-Directional Disequilibrium Fund, L.P. reports its first sale in Nov 2006.
Size compared with every hedge fund
Raised more than 72% of the 2,544 hedge funds based in New York, and more than 75% of all 10,307 that report sales.