Drax Fund, L.P.

San Francisco, CA · CIK 1553810

Status: no Form D since Aug 2012. Funds file a Form D when they begin selling and amend it each year while the offering continues, so this fund has most likely stopped raising money. It may still be investing, or it may have closed or been dissolved. The details below are from its latest filing, kept here as a record.

Drax Fund, L.P. is a hedge fund based in San Francisco, California. According to its most recent Form D, filed Aug 20, 2012, the fund has sold $700,000 of interests to 3 investors since its first sale in Aug 2012. 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. Related persons named in the filing include LLC Drax Management.

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: $700,000Cumulative sales reported on Form D
Investors: 3
First sale: Aug 6, 2012
Minimum investment: $250,000
Who can invest: Accredited investorsSection 3(c)(1): up to 100 beneficial owners
Offering exemption: Other exemption
Key people and entities: LLC Drax Management
Latest Form D: Aug 20, 2012

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 Drax Fund, L.P.

What is the minimum investment for Drax Fund, L.P.?

According to its latest Form D, filed Aug 20, 2012, the minimum investment Drax Fund, L.P. accepts from an outside investor is $250,000.

Who can invest in Drax Fund, L.P.?

Drax Fund, L.P. 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).

How much has Drax Fund, L.P. raised?

Drax Fund, L.P. reports $700,000 sold from 3 investors on its Form D filed Aug 20, 2012. This is cumulative sales since the offering began, not current assets or performance.

Where is Drax Fund, L.P. based?

Drax Fund, L.P. is based in San Francisco, California.

When did Drax Fund, L.P. launch?

Drax Fund, L.P. reports its first sale in Aug 2012.