Crescent Absolute Return Fund, LP
Crescent Absolute Return Fund, LP is a hedge fund based in Los Angeles, California. According to its most recent Form D, filed Jun 1, 2018, the fund has sold $261,871,987 of interests to 83 investors since its first sale in Oct 2003. The minimum investment it accepts from an outside investor is $1,000,000. 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. Related persons named in the filing include Mitch Wilner; Crescent Alternative Credit Partners, LLC; Crescent Capital Group LP.
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
- $261,871,987Cumulative sales reported on Form D
- Investors
- 83
- First sale
- Oct 1, 2003
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Mitch Wilner; Crescent Alternative Credit Partners, LLC; Crescent Capital Group LP
- Latest Form D
- Jun 1, 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 Crescent Absolute Return Fund, LP
What is the minimum investment for Crescent Absolute Return Fund, LP?
According to its latest Form D, filed Jun 1, 2018, the minimum investment Crescent Absolute Return Fund, LP accepts from an outside investor is $1,000,000.
Who can invest in Crescent Absolute Return Fund, LP?
Crescent Absolute Return Fund, 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 Crescent Absolute Return Fund, LP raised?
Crescent Absolute Return Fund, LP reports $261,871,987 sold from 83 investors on its Form D filed Jun 1, 2018. This is cumulative sales since the offering began, not current assets or performance.
Where is Crescent Absolute Return Fund, LP based?
Crescent Absolute Return Fund, LP is based in Los Angeles, California.
When did Crescent Absolute Return Fund, LP launch?
Crescent Absolute Return Fund, LP reports its first sale in Oct 2003.
Size compared with every hedge fund
Raised more than 80% of the 1,049 hedge funds based in California, and more than 73% of all 10,129 that report sales.