Hibonite Fund LP is a hedge fund based in Cybercity, Mauritius. According to its most recent Form D, filed Mar 21, 2022, the fund has sold $11,597,382 of interests to 8 investors since its first sale in Dec 2020. The minimum investment it accepts from an outside investor is $100,000. 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 Kessen Ramalingum.
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
- $11,597,382Cumulative sales reported on Form D
- Investors
- 8
- First sale
- Dec 1, 2020
- Minimum investment
- $100,000
- 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
- Kessen Ramalingum
- Latest Form D
- Mar 21, 2022
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 Hibonite Fund LP
What is the minimum investment for Hibonite Fund LP?
According to its latest Form D, filed Mar 21, 2022, the minimum investment Hibonite Fund LP accepts from an outside investor is $100,000.
Who can invest in Hibonite Fund LP?
Hibonite Fund LP 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 Hibonite Fund LP raised?
Hibonite Fund LP reports $11,597,382 sold from 8 investors on its Form D filed Mar 21, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Hibonite Fund LP based?
Hibonite Fund LP is based in Cybercity, Mauritius.
When did Hibonite Fund LP launch?
Hibonite Fund LP reports its first sale in Dec 2020.
Size compared with every hedge fund
Raised more than 43% of the 35 hedge funds based in Mauritius, and more than 23% of all 10,134 that report sales.