Driven Fund is a hedge fund based in Salt Lake City, Utah. According to its most recent Form D, filed Jan 6, 2021, the fund has sold $128,000 of interests to 3 investors since its first sale in Dec 2019. The minimum investment it accepts from an outside investor is $25,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Amiteshwar BHatia.
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
- $128,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Dec 31, 2019
- Minimum investment
- $25,000
- 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
- Net asset value range
- $1 - $5,000,000Self-reported
- Key people and entities
- Amiteshwar BHatia
- Latest Form D
- Jan 6, 2021
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 Driven Fund
What is the minimum investment for Driven Fund?
According to its latest Form D, filed Jan 6, 2021, the minimum investment Driven Fund accepts from an outside investor is $25,000.
Who can invest in Driven Fund?
Driven Fund 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 Driven Fund raised?
Driven Fund reports $128,000 sold from 3 investors on its Form D filed Jan 6, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Driven Fund based?
Driven Fund is based in Salt Lake City, Utah.
When did Driven Fund launch?
Driven Fund reports its first sale in Dec 2019.
Size compared with every hedge fund
Raised more than 32% of the 56 hedge funds based in Utah, and more than 1% of all 10,102 that report sales.