Forty4 Fund Ltd. is a hedge fund based in Chicago, Illinois. According to its most recent Form D, filed Nov 4, 2013, the fund has sold $35,678,000 of interests to 14 investors since its first sale in Sep 2012. The filing does not set a minimum investment. 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 Stephen Lee; Francis Wisniewski.
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
- $35,678,000Cumulative sales reported on Form D
- Investors
- 14
- First sale
- Sep 1, 2012
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Stephen Lee; Francis Wisniewski
- Latest Form D
- Nov 4, 2013
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 Forty4 Fund Ltd.
What is the minimum investment for Forty4 Fund Ltd.?
Forty4 Fund Ltd.'s latest Form D, filed Nov 4, 2013, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Forty4 Fund Ltd.?
Forty4 Fund Ltd. 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 Forty4 Fund Ltd. raised?
Forty4 Fund Ltd. reports $35,678,000 sold from 14 investors on its Form D filed Nov 4, 2013. This is cumulative sales since the offering began, not current assets or performance.
Where is Forty4 Fund Ltd. based?
Forty4 Fund Ltd. is based in Chicago, Illinois.
When did Forty4 Fund Ltd. launch?
Forty4 Fund Ltd. reports its first sale in Sep 2012.
Size compared with every hedge fund
Raised more than 51% of the 317 hedge funds based in Illinois, and more than 40% of all 10,134 that report sales.