HCM US Feeder LP
HCM US Feeder LP is a hedge fund based in Miami Beach, Florida. According to its most recent Form D, filed Oct 14, 2025, the fund has sold $75,706,958 of interests to 32 investors since its first sale in Nov 2019. 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 Erik Herzfeld; Inc. Thomas J. Herzfeld Advisors; LLC Hcm GP.
Performance
No verified returns have been reported for this fund. As a rough guide, Thomas J. Herzfeld Advisors, Inc., which manages it, disclosed U.S. stock holdings that returned an estimated -2.2% 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 -0.2% (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
- $75,706,958Cumulative sales reported on Form D
- Investors
- 32
- First sale
- Nov 1, 2019
- 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
- Erik Herzfeld; Inc. Thomas J. Herzfeld Advisors; LLC Hcm GP
- Latest Form D
- Oct 14, 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 HCM US Feeder LP
What is the minimum investment for HCM US Feeder LP?
HCM US Feeder LP's latest Form D, filed Oct 14, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in HCM US Feeder LP?
HCM US Feeder 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 HCM US Feeder LP raised?
HCM US Feeder LP reports $75,706,958 sold from 32 investors on its Form D filed Oct 14, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is HCM US Feeder LP based?
HCM US Feeder LP is based in Miami Beach, Florida and is managed by Thomas J. Herzfeld Advisors, Inc..
When did HCM US Feeder LP launch?
HCM US Feeder LP reports its first sale in Nov 2019.
Size compared with every hedge fund
Raised more than 73% of the 750 hedge funds based in Florida, and more than 53% of all 10,308 that report sales.