AltMountain

Bluestem Partners, LP

Charlottesville, VA · CIK 1254492
Status: no Form D since Apr 2023. Funds file a Form D when they begin selling and amend it each year while the offering continues, so this fund has most likely stopped raising money. It may still be investing, or it may have closed or been dissolved. The details below are from its latest filing, kept here as a record.

Bluestem Partners, LP is a hedge fund based in Charlottesville, Virginia. According to its most recent Form D, filed Apr 6, 2023, the fund has sold $1,324,670,998 of interests to 240 investors since its first sale in Jul 2003. 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 Bluestem Asset Management, LLC.

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
$1,324,670,998Cumulative sales reported on Form D
Investors
240
First sale
Jul 1, 2003
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
Bluestem Asset Management, LLC
Latest Form D
Apr 6, 2023

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 Bluestem Partners, LP

What is the minimum investment for Bluestem Partners, LP?

Bluestem Partners, LP's latest Form D, filed Apr 6, 2023, does not set a minimum investment. Managers can still require one in the offering documents.

Who can invest in Bluestem Partners, LP?

Bluestem Partners, LP 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 Bluestem Partners, LP raised?

Bluestem Partners, LP reports $1,324,670,998 sold from 240 investors on its Form D filed Apr 6, 2023. This is cumulative sales since the offering began, not current assets or performance.

Where is Bluestem Partners, LP based?

Bluestem Partners, LP is based in Charlottesville, Virginia.

When did Bluestem Partners, LP launch?

Bluestem Partners, LP reports its first sale in Jul 2003.

Size compared with every hedge fund

Raised more than 96% of the 101 hedge funds based in Virginia, and more than 92% of all 10,127 that report sales.

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