Black Bear Value Fund, LP
Black Bear Value Fund, LP is a hedge fund based in Boca Raton, Florida. According to its most recent Form D, filed Dec 30, 2025, the fund has sold $30,190,000 of interests to 40 investors since its first sale in Jan 2017. The minimum investment it accepts from an outside investor is $250,000. 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 Adam Schwartz.
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
- $30,190,000Cumulative sales reported on Form D
- Investors
- 40
- First sale
- Jan 1, 2017
- Minimum investment
- $250,000
- 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
- Adam Schwartz
- Latest Form D
- Dec 30, 2025
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 Black Bear Value Fund, LP
What is the minimum investment for Black Bear Value Fund, LP?
According to its latest Form D, filed Dec 30, 2025, the minimum investment Black Bear Value Fund, LP accepts from an outside investor is $250,000.
Who can invest in Black Bear Value Fund, LP?
Black Bear Value 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 Black Bear Value Fund, LP raised?
Black Bear Value Fund, LP reports $30,190,000 sold from 40 investors on its Form D filed Dec 30, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Black Bear Value Fund, LP based?
Black Bear Value Fund, LP is based in Boca Raton, Florida and is managed by Black Bear Value Partners, LP.
When did Black Bear Value Fund, LP launch?
Black Bear Value Fund, LP reports its first sale in Jan 2017.
Size compared with every hedge fund
Raised more than 63% of the 750 hedge funds based in Florida, and more than 37% of all 10,307 that report sales.