Discovery Equity Partners LP is a hedge fund based in Chicago, Illinois. According to its most recent Form D, filed Jul 14, 2017, the fund has sold $196,624,845 of interests to 106 investors since its first sale in Jul 2002. The minimum investment it accepts from an outside investor is $1,000,000. 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 Michael Murphy; Daniel Donoghue; Discovery Group I, 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
- $196,624,845Cumulative sales reported on Form D
- Investors
- 106
- First sale
- Jul 1, 2002
- Minimum investment
- $1,000,000
- 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
- Michael Murphy; Daniel Donoghue; Discovery Group I, LLC
- Latest Form D
- Jul 14, 2017
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 Discovery Equity Partners LP
What is the minimum investment for Discovery Equity Partners LP?
According to its latest Form D, filed Jul 14, 2017, the minimum investment Discovery Equity Partners LP accepts from an outside investor is $1,000,000.
Who can invest in Discovery Equity Partners LP?
Discovery Equity Partners 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 Discovery Equity Partners LP raised?
Discovery Equity Partners LP reports $196,624,845 sold from 106 investors on its Form D filed Jul 14, 2017. This is cumulative sales since the offering began, not current assets or performance.
Where is Discovery Equity Partners LP based?
Discovery Equity Partners LP is based in Chicago, Illinois.
When did Discovery Equity Partners LP launch?
Discovery Equity Partners LP reports its first sale in Jul 2002.
Size compared with every hedge fund
Raised more than 80% of the 318 hedge funds based in Illinois, and more than 69% of all 10,129 that report sales.