Black Maple Strategic Allocation Fund LP
Black Maple Strategic Allocation Fund LP is a hedge fund based in Milwaukee, Wisconsin. According to its most recent Form D, filed Feb 25, 2026, the fund has sold $23,625,000 of interests to 11 investors since its first sale in Apr 2022. The minimum investment it accepts from an outside investor is $1,000,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Black Maple Capital Management LP; Robert Barnard; Black Maple Capital SAF GP LLC.
Performance
No verified returns have been reported for this fund. As a rough guide, Black Maple Capital Management LP, which manages it, disclosed U.S. stock holdings that returned an estimated +10.3% 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 +34.0% (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
- $23,625,000Cumulative sales reported on Form D
- Investors
- 11
- First sale
- Apr 1, 2022
- Minimum investment
- $1,000,000
- 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
- Black Maple Capital Management LP; Robert Barnard; Black Maple Capital SAF GP LLC
- Latest Form D
- Feb 25, 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 Black Maple Strategic Allocation Fund LP
What is the minimum investment for Black Maple Strategic Allocation Fund LP?
According to its latest Form D, filed Feb 25, 2026, the minimum investment Black Maple Strategic Allocation Fund LP accepts from an outside investor is $1,000,000.
Who can invest in Black Maple Strategic Allocation Fund LP?
Black Maple Strategic Allocation 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 Maple Strategic Allocation Fund LP raised?
Black Maple Strategic Allocation Fund LP reports $23,625,000 sold from 11 investors on its Form D filed Feb 25, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Black Maple Strategic Allocation Fund LP based?
Black Maple Strategic Allocation Fund LP is based in Milwaukee, Wisconsin and is managed by Black Maple Capital Management LP.
When did Black Maple Strategic Allocation Fund LP launch?
Black Maple Strategic Allocation Fund LP reports its first sale in Apr 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 63% of the 30 hedge funds based in Wisconsin, and more than 32% of all 10,308 that report sales.