Drit LP
Drit LP is a private fund (drug royalty fund) organized in Delaware, United States and advised by DRI Capital Inc. Its adviser reported $0 in gross assets for the fund on Form ADV, filed Oct 15, 2024. It reported 9 beneficial owners, about 81% of it owned by non-U.S. persons. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers.
- Gross assets
- $0As reported on Form ADV
- Beneficial owners
- 9
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7)
- Fund type
- Private fundDRUG ROYALTY FUND
- Domicile
- Delaware, United States
- Custodian
- Wells Fargo Bank, N.A.
- Adviser
- DRI Capital Inc. · Toronto, Ontario, Canada · CRD 162943
- Reported on
- Oct 15, 2024Adviser's Form ADV
From SEC filings, not verified. This information is republished from the adviser's Form ADV (Schedule D, Section 7.B.(1)) in the SEC's public Form ADV data, which currently runs through filings made by Dec 26, 2024. Figures are as of the adviser's filing and may have changed since. It is not an offer, solicitation or recommendation, AltMountain has not reviewed the fund, and gross assets are not performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Drit LP
What is the minimum investment for Drit LP?
Its adviser's Form ADV, filed Oct 15, 2024, does not set a minimum investment for Drit LP. The offering documents may still require one.
Who can invest in Drit LP?
Drit LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7).
How large is Drit LP?
Its adviser reported $0 in gross assets on Form ADV filed Oct 15, 2024. Gross assets include borrowed money and are not the same as net assets or performance.
Who manages Drit LP?
Drit LP is advised by DRI Capital Inc., based in Toronto, Ontario, Canada.