Carthage Fund I LP is a hedge fund based in Davie, Florida. According to its most recent Form D, filed Jun 3, 2026, the fund has sold $42,000,000 of interests to 189 investors since its first sale in Mar 2023. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Stephen Wu; Carthage Capital Management LLC.
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
- $42,000,000Cumulative sales reported on Form D
- Investors
- 189
- First sale
- Mar 2, 2023
- 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
- Stephen Wu; Carthage Capital Management LLC
- Latest Form D
- Jun 3, 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 Carthage Fund I LP
What is the minimum investment for Carthage Fund I LP?
Carthage Fund I LP's latest Form D, filed Jun 3, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Carthage Fund I LP?
Carthage Fund I 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 Carthage Fund I LP raised?
Carthage Fund I LP reports $42,000,000 sold from 189 investors on its Form D filed Jun 3, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Carthage Fund I LP based?
Carthage Fund I LP is based in Davie, Florida and is managed by Carthage Capital Management LLC.
When did Carthage Fund I LP launch?
Carthage Fund I LP reports its first sale in Mar 2023, 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 68% of the 750 hedge funds based in Florida, and more than 43% of all 10,308 that report sales.