GEM SM Fund, LP is a private investment fund based in Charlotte, North Carolina. According to its most recent Form D, filed Jul 2, 2025, it has sold $10,025,000 of interests to 2 investors since its first sale in Jun 2025. The minimum investment it accepts from an outside investor is $10,000,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Richard Abraham; Gem GP Sm, LLC; Global Endowment Management, L.P.
- Total raised
- $10,025,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Jun 13, 2025
- Minimum investment
- $10,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Richard Abraham; Gem GP Sm, LLC; Global Endowment Management, L.P
- Latest Form D
- Jul 2, 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. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about GEM SM Fund, LP
What is the minimum investment for GEM SM Fund, LP?
According to its latest Form D, filed Jul 2, 2025, the minimum investment GEM SM Fund, LP accepts from an outside investor is $10,000,000.
Who can invest in GEM SM Fund, LP?
GEM SM Fund, LP 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 GEM SM Fund, LP raised?
GEM SM Fund, LP reports $10,025,000 sold from 2 investors on its Form D filed Jul 2, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is GEM SM Fund, LP based?
GEM SM Fund, LP is based in Charlotte, North Carolina and is managed by Global Endowment Management, LP.
When did GEM SM Fund, LP launch?
GEM SM Fund, LP reports its first sale in Jun 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every private investment fund
Raised more than 52% of the 245 private investment funds based in North Carolina, and more than 41% of all 10,266 that report sales.