Dougherty Absolute Equity Fund LLC is a hedge fund based in Minneapolis, Minnesota. According to its most recent Form D, filed Oct 6, 2014, the fund has sold $5,886,951 of interests to 24 investors since its first sale in Aug 2010. 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. Related persons named in the filing include Jeffrey Jacobson; Robert Schnell; Dougherty & Company 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.
Is this your fund? Report your monthly returns · How performance works
- Total raised
- $5,886,951Cumulative sales reported on Form D
- Investors
- 24
- First sale
- Aug 31, 2010
- 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
- Jeffrey Jacobson; Robert Schnell; Dougherty & Company LLC
- Latest Form D
- Oct 6, 2014
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 Dougherty Absolute Equity Fund LLC
What is the minimum investment for Dougherty Absolute Equity Fund LLC?
Dougherty Absolute Equity Fund LLC's latest Form D, filed Oct 6, 2014, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Dougherty Absolute Equity Fund LLC?
Dougherty Absolute Equity Fund LLC 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 Dougherty Absolute Equity Fund LLC raised?
Dougherty Absolute Equity Fund LLC reports $5,886,951 sold from 24 investors on its Form D filed Oct 6, 2014. This is cumulative sales since the offering began, not current assets or performance.
Where is Dougherty Absolute Equity Fund LLC based?
Dougherty Absolute Equity Fund LLC is based in Minneapolis, Minnesota.
When did Dougherty Absolute Equity Fund LLC launch?
Dougherty Absolute Equity Fund LLC reports its first sale in Aug 2010.
Size compared with every hedge fund
Raised more than 17% of the 69 hedge funds based in Minnesota, and more than 16% of all 10,143 that report sales.