FMP Select Assets Diversified Fund, LP
FMP Select Assets Diversified Fund, LP is a hedge fund based in Austin, Texas. According to its most recent Form D, filed Jan 13, 2025, the fund has sold $30,839,000 of interests to 80 investors since its first sale in Dec 2016. 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. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include John Hixson; Financial Management Professionals, Inc; Mike Carr.
Performance
No verified returns have been reported for this fund. As a rough guide, FMP Wealth Advisers, which manages it, disclosed U.S. stock holdings that returned an estimated +8.2% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +23.8% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
Is this your fund? Report your monthly returns · How performance works
- Total raised
- $30,839,000Cumulative sales reported on Form D
- Investors
- 80
- First sale
- Dec 10, 2016
- Minimum investment
- $250,000
- 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
- John Hixson; Financial Management Professionals, Inc; Mike Carr
- Latest Form D
- Jan 13, 2025
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 FMP Select Assets Diversified Fund, LP
What is the minimum investment for FMP Select Assets Diversified Fund, LP?
According to its latest Form D, filed Jan 13, 2025, the minimum investment FMP Select Assets Diversified Fund, LP accepts from an outside investor is $250,000.
Who can invest in FMP Select Assets Diversified Fund, LP?
FMP Select Assets Diversified 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 FMP Select Assets Diversified Fund, LP raised?
FMP Select Assets Diversified Fund, LP reports $30,839,000 sold from 80 investors on its Form D filed Jan 13, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is FMP Select Assets Diversified Fund, LP based?
FMP Select Assets Diversified Fund, LP is based in Austin, Texas and is managed by FMP Wealth Advisers.
When did FMP Select Assets Diversified Fund, LP launch?
FMP Select Assets Diversified Fund, LP reports its first sale in Dec 2016.
Size compared with every hedge fund
Raised more than 49% of the 631 hedge funds based in Texas, and more than 38% of all 10,308 that report sales.