Devers, LP
Devers, LP is a hedge fund based in Lafayette, Colorado. According to its most recent Form D, filed Jan 23, 2024, the fund has sold $5,000,000 of interests to 3 investors since its first sale in Dec 2019. The minimum investment it accepts from an outside investor is $250,000. 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 Entergrid LLC; Karl Petty; Chao Chen.
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
- $5,000,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Dec 1, 2019
- Minimum investment
- $250,000
- 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
- Entergrid LLC; Karl Petty; Chao Chen
- Latest Form D
- Jan 23, 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 Devers, LP
What is the minimum investment for Devers, LP?
According to its latest Form D, filed Jan 23, 2024, the minimum investment Devers, LP accepts from an outside investor is $250,000.
Who can invest in Devers, LP?
Devers, 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 Devers, LP raised?
Devers, LP reports $5,000,000 sold from 3 investors on its Form D filed Jan 23, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Devers, LP based?
Devers, LP is based in Lafayette, Colorado.
When did Devers, LP launch?
Devers, LP reports its first sale in Dec 2019.
Size compared with every hedge fund
Raised more than 30% of the 113 hedge funds based in Colorado, and more than 14% of all 10,102 that report sales.