BlackBear Fund, LP is a hedge fund based in Chicago, Illinois. According to its most recent Form D, filed Aug 30, 2017, the fund has sold $18,643,000 of interests to 38 investors since its first sale in Dec 2014. 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 David Makula; Blackbear Asset Management Inc.
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
- $18,643,000Cumulative sales reported on Form D
- Investors
- 38
- First sale
- Dec 26, 2014
- 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
- David Makula; Blackbear Asset Management Inc
- Latest Form D
- Aug 30, 2017
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 BlackBear Fund, LP
What is the minimum investment for BlackBear Fund, LP?
According to its latest Form D, filed Aug 30, 2017, the minimum investment BlackBear Fund, LP accepts from an outside investor is $250,000.
Who can invest in BlackBear Fund, LP?
BlackBear 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 BlackBear Fund, LP raised?
BlackBear Fund, LP reports $18,643,000 sold from 38 investors on its Form D filed Aug 30, 2017. This is cumulative sales since the offering began, not current assets or performance.
Where is BlackBear Fund, LP based?
BlackBear Fund, LP is based in Chicago, Illinois.
When did BlackBear Fund, LP launch?
BlackBear Fund, LP reports its first sale in Dec 2014.
Size compared with every hedge fund
Raised more than 43% of the 318 hedge funds based in Illinois, and more than 29% of all 10,128 that report sales.