Covariance Offshore Feeder, LP
Covariance Offshore Feeder, LP is a hedge fund based in Salt Lake City, Utah. According to its most recent Form D, filed Nov 26, 2025, the fund has sold $30,637,251 of interests to 9 investors since its first sale in Feb 2024. The filing does not set a minimum investment. 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 Brian Smedley; The Cynosure Group, LLC; Covariance Fund 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.
The firm that manages it, Cynosure Group, LLC, files Form 13F. Its page shows the firm's disclosed stock holdings and an estimate derived from them. Those figures describe the firm as a whole, not this fund.
Is this your fund? Report your monthly returns · How performance works
- Total raised
- $30,637,251Cumulative sales reported on Form D
- Investors
- 9
- First sale
- Feb 1, 2024
- Minimum investment
- None set
- 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
- Brian Smedley; The Cynosure Group, LLC; Covariance Fund GP, LLC
- Latest Form D
- Nov 26, 2025
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 Covariance Offshore Feeder, LP
What is the minimum investment for Covariance Offshore Feeder, LP?
Covariance Offshore Feeder, LP's latest Form D, filed Nov 26, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Covariance Offshore Feeder, LP?
Covariance Offshore Feeder, 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 Covariance Offshore Feeder, LP raised?
Covariance Offshore Feeder, LP reports $30,637,251 sold from 9 investors on its Form D filed Nov 26, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Covariance Offshore Feeder, LP based?
Covariance Offshore Feeder, LP is based in Salt Lake City, Utah and is managed by Cynosure Group, LLC.
When did Covariance Offshore Feeder, LP launch?
Covariance Offshore Feeder, LP reports its first sale in Feb 2024, 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 56 hedge funds based in Utah, and more than 38% of all 10,140 that report sales.