Global Moat Fund, LP
Global Moat Fund, LP is a hedge fund based in Chicago, Illinois. According to its most recent Form D, filed Dec 4, 2025, the fund has sold $323,378,106 of interests to 51 investors since its first sale in Jan 2015. 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 Patrick Dorsey; Global Moat GP, LLC; Dorsey Asset Management, LLC.
Performance
No verified returns have been reported for this fund. As a rough guide, Dorsey Asset Management, which manages it, disclosed U.S. stock holdings that returned an estimated +14.5% 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 +66.2% (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.
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- Total raised
- $323,378,106Cumulative sales reported on Form D
- Investors
- 51
- First sale
- Jan 1, 2015
- 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
- Patrick Dorsey; Global Moat GP, LLC; Dorsey Asset Management, LLC
- Latest Form D
- Dec 4, 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 Global Moat Fund, LP
What is the minimum investment for Global Moat Fund, LP?
According to its latest Form D, filed Dec 4, 2025, the minimum investment Global Moat Fund, LP accepts from an outside investor is $100,000.
Who can invest in Global Moat Fund, LP?
Global Moat 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 Global Moat Fund, LP raised?
Global Moat Fund, LP reports $323,378,106 sold from 51 investors on its Form D filed Dec 4, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Global Moat Fund, LP based?
Global Moat Fund, LP is based in Chicago, Illinois and is managed by Dorsey Asset Management.
When did Global Moat Fund, LP launch?
Global Moat Fund, LP reports its first sale in Jan 2015.
Size compared with every hedge fund
Raised more than 87% of the 323 hedge funds based in Illinois, and more than 76% of all 10,307 that report sales.