Cipher Strategies LP is a private investment fund based in Orem, Utah. According to its most recent Form D, filed Sep 16, 2026, it has sold $5,195,753 of interests to 5 investors since its first sale in Aug 2026. 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(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Nairne Farner.
- Total raised
- $5,195,753Cumulative sales reported on Form D
- Investors
- 5
- First sale
- Aug 5, 2026
- Minimum investment
- $500,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Nairne Farner
- Latest Form D
- Sep 16, 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. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Cipher Strategies LP
What is the minimum investment for Cipher Strategies LP?
According to its latest Form D, filed Sep 16, 2026, the minimum investment Cipher Strategies LP accepts from an outside investor is $500,000.
Who can invest in Cipher Strategies LP?
Cipher Strategies 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(c), so it may advertise, but every investor must be verified as accredited.
How much has Cipher Strategies LP raised?
Cipher Strategies LP reports $5,195,753 sold from 5 investors on its Form D filed Sep 16, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Cipher Strategies LP based?
Cipher Strategies LP is based in Orem, Utah.
When did Cipher Strategies LP launch?
Cipher Strategies LP reports its first sale in Aug 2026, 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 private investment fund
Raised more than 77% of the 197 private investment funds based in Utah, and more than 32% of all 10,263 that report sales.