Hermes Partners, L.P. is a hedge fund based in San Diego, California. According to its most recent Form D, filed Dec 3, 2025, the fund has sold $252,039,587 of interests to 192 investors since its first sale in Apr 1994. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Paul Flather; Hermes Advisors LLC.
Performance
No verified 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
- $252,039,587Cumulative sales reported on Form D
- Investors
- 192
- First sale
- Apr 1, 1994
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Paul Flather; Hermes Advisors LLC
- Latest Form D
- Dec 3, 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 Hermes Partners, L.P.
What is the minimum investment for Hermes Partners, L.P.?
Hermes Partners, L.P.'s latest Form D, filed Dec 3, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Hermes Partners, L.P.?
Hermes Partners, L.P. 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). It uses Rule 506(b), which does not allow general advertising.
How much has Hermes Partners, L.P. raised?
Hermes Partners, L.P. reports $252,039,587 sold from 192 investors on its Form D filed Dec 3, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Hermes Partners, L.P. based?
Hermes Partners, L.P. is based in San Diego, California.
When did Hermes Partners, L.P. launch?
Hermes Partners, L.P. reports its first sale in Apr 1994.
Size compared with every hedge fund
Raised more than 80% of the 1,060 hedge funds based in California, and more than 73% of all 10,307 that report sales.