Drill Driven Alpha Fund, LP is a hedge fund based in Carlsbad, California. According to its most recent Form D, filed Mar 27, 2020, the fund has sold $11,410,000 of interests to 8 investors since its first sale in Oct 2019. The minimum investment it accepts from an outside investor is $200,000. 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 Neil Adshead; Sprott US GenPar 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
- $11,410,000Cumulative sales reported on Form D
- Investors
- 8
- First sale
- Oct 10, 2019
- Minimum investment
- $200,000
- 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
- Neil Adshead; Sprott US GenPar LLC
- Latest Form D
- Mar 27, 2020
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 Drill Driven Alpha Fund, LP
What is the minimum investment for Drill Driven Alpha Fund, LP?
According to its latest Form D, filed Mar 27, 2020, the minimum investment Drill Driven Alpha Fund, LP accepts from an outside investor is $200,000.
Who can invest in Drill Driven Alpha Fund, LP?
Drill Driven Alpha Fund, 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 Drill Driven Alpha Fund, LP raised?
Drill Driven Alpha Fund, LP reports $11,410,000 sold from 8 investors on its Form D filed Mar 27, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is Drill Driven Alpha Fund, LP based?
Drill Driven Alpha Fund, LP is based in Carlsbad, California.
When did Drill Driven Alpha Fund, LP launch?
Drill Driven Alpha Fund, LP reports its first sale in Oct 2019.
Size compared with every hedge fund
Raised more than 37% of the 1,048 hedge funds based in California, and more than 23% of all 10,119 that report sales.