Cordgrass Fund, LP
Cordgrass Fund, LP is a hedge fund based in Fort Worth, Texas. According to its most recent Form D, filed Apr 19, 2024, the fund has sold $42,182,814 of interests to 25 investors since its first sale in May 2020. 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 Timothy Vestal; Cordgrass Advisors, LLC; Cordgrass 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
- $42,182,814Cumulative sales reported on Form D
- Investors
- 25
- First sale
- May 8, 2020
- 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
- Timothy Vestal; Cordgrass Advisors, LLC; Cordgrass GP, LLC
- Latest Form D
- Apr 19, 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 Cordgrass Fund, LP
What is the minimum investment for Cordgrass Fund, LP?
According to its latest Form D, filed Apr 19, 2024, the minimum investment Cordgrass Fund, LP accepts from an outside investor is $50,000.
Who can invest in Cordgrass Fund, LP?
Cordgrass 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 Cordgrass Fund, LP raised?
Cordgrass Fund, LP reports $42,182,814 sold from 25 investors on its Form D filed Apr 19, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Cordgrass Fund, LP based?
Cordgrass Fund, LP is based in Fort Worth, Texas.
When did Cordgrass Fund, LP launch?
Cordgrass Fund, LP reports its first sale in May 2020.
Size compared with every hedge fund
Raised more than 60% of the 537 hedge funds based in Texas, and more than 43% of all 10,134 that report sales.