Convergence Fund I, LP
Convergence Fund I, LP is a hedge fund based in King of Prussia, Pennsylvania. According to its most recent Form D, filed Jun 11, 2018, the fund has sold $3,940,000 of interests to 17 investors since its first sale in Jan 2016. The minimum investment it accepts from an outside investor is $50,000. 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 Matthew Topley; Management, LLC Convergence; Derek Boles.
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
- $3,940,000Cumulative sales reported on Form D
- Investors
- 17
- First sale
- Jan 4, 2016
- Minimum investment
- $50,000
- 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
- Matthew Topley; Management, LLC Convergence; Derek Boles
- Latest Form D
- Jun 11, 2018
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 Convergence Fund I, LP
What is the minimum investment for Convergence Fund I, LP?
According to its latest Form D, filed Jun 11, 2018, the minimum investment Convergence Fund I, LP accepts from an outside investor is $50,000.
Who can invest in Convergence Fund I, LP?
Convergence Fund I, 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 Convergence Fund I, LP raised?
Convergence Fund I, LP reports $3,940,000 sold from 17 investors on its Form D filed Jun 11, 2018. This is cumulative sales since the offering began, not current assets or performance.
Where is Convergence Fund I, LP based?
Convergence Fund I, LP is based in King of Prussia, Pennsylvania.
When did Convergence Fund I, LP launch?
Convergence Fund I, LP reports its first sale in Jan 2016.
Size compared with every hedge fund
Raised more than 22% of the 139 hedge funds based in Pennsylvania, and more than 13% of all 10,129 that report sales.