Formula Growth Fund
Formula Growth Fund is a private fund (long only equity fund) organized in Canada and advised by Formula Growth Limited. Its adviser reported $144,433,471 in gross assets for the fund on Form ADV, filed Oct 23, 2024. It reported 351 beneficial owners, about 96% of it owned by non-U.S. persons. The minimum investment it accepts is $25,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors.
- Gross assets
- $144,433,471As reported on Form ADV
- Beneficial owners
- 351
- Minimum investment
- $25,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 owners
- Fund type
- Private fundLONG ONLY EQUITY FUND
- Domicile
- Canada
- Auditor
- Deloitte & Touche
- Administrator
- Ss&c Globeop
- Custodian
- RBC Investor Services
- Adviser
- Formula Growth Limited · Montreal, Canada · CRD 163245
- Reported on
- Oct 23, 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 Formula Growth Fund
What is the minimum investment for Formula Growth Fund?
According to its adviser's Form ADV filed Oct 23, 2024, the minimum investment Formula Growth Fund accepts is $25,000.
Who can invest in Formula Growth Fund?
Formula Growth 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).
How large is Formula Growth Fund?
Its adviser reported $144,433,471 in gross assets on Form ADV filed Oct 23, 2024. Gross assets include borrowed money and are not the same as net assets or performance.
Who manages Formula Growth Fund?
Formula Growth Fund is advised by Formula Growth Limited, based in Montreal, Canada.
Who are Formula Growth Fund's service providers?
Its Form ADV lists Deloitte & Touche as auditor and Ss&c Globeop as administrator.