Explorador Institutional Fund is a hedge fund based in Sau Paulo, Brazil. According to its most recent Form D, filed Oct 31, 2014, the fund has sold $38,706,490 of interests to 13 investors since its first sale in Apr 2007. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Explorador Capital Management, LLC; Andrew Cummins; Christopher Bowring.
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
- $38,706,490Cumulative sales reported on Form D
- Investors
- 13
- First sale
- Apr 1, 2007
- Minimum investment
- $100,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Explorador Capital Management, LLC; Andrew Cummins; Christopher Bowring
- Latest Form D
- Oct 31, 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 Explorador Institutional Fund
What is the minimum investment for Explorador Institutional Fund?
According to its latest Form D, filed Oct 31, 2014, the minimum investment Explorador Institutional Fund accepts from an outside investor is $100,000.
Who can invest in Explorador Institutional Fund?
Explorador Institutional Fund is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Explorador Institutional Fund raised?
Explorador Institutional Fund reports $38,706,490 sold from 13 investors on its Form D filed Oct 31, 2014. This is cumulative sales since the offering began, not current assets or performance.
Where is Explorador Institutional Fund based?
Explorador Institutional Fund is based in Sau Paulo, Brazil.
When did Explorador Institutional Fund launch?
Explorador Institutional Fund reports its first sale in Apr 2007.
Size compared with every hedge fund
Raised more than 22% of the 9 hedge funds based in Brazil, and more than 41% of all 10,128 that report sales.