Buan Fund LP
Buan Fund LP is a hedge fund based in San Francisco, California. According to its most recent Form D, filed May 6, 2024, the fund has sold $22,425,000 of interests to 4 investors since its first sale in May 2023. The minimum investment it accepts from an outside investor is $500,000. 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 John McAndrews; Buan Capital GP 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
- $22,425,000Cumulative sales reported on Form D
- Investors
- 4
- First sale
- May 12, 2023
- Minimum investment
- $500,000
- 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
- John McAndrews; Buan Capital GP LLC
- Latest Form D
- May 6, 2024
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 Buan Fund LP
What is the minimum investment for Buan Fund LP?
According to its latest Form D, filed May 6, 2024, the minimum investment Buan Fund LP accepts from an outside investor is $500,000.
Who can invest in Buan Fund LP?
Buan 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 Buan Fund LP raised?
Buan Fund LP reports $22,425,000 sold from 4 investors on its Form D filed May 6, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Buan Fund LP based?
Buan Fund LP is based in San Francisco, California.
When did Buan Fund LP launch?
Buan Fund LP reports its first sale in May 2023.
Size compared with every hedge fund
Raised more than 45% of the 1,049 hedge funds based in California, and more than 32% of all 10,128 that report sales.