HIC Group LP is a private equity fund based in George Town, Grand Cayman, Cayman Islands. According to its most recent Form D, filed Oct 31, 2019, it has sold $807,500 of interests to 1 investor since its first sale in Oct 2018. 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 Andrew Tsai; HIC Group GP, LLC.
- Total raised
- $807,500Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Oct 1, 2018
- 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
- Andrew Tsai; HIC Group GP, LLC
- Latest Form D
- Oct 31, 2019
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 HIC Group LP
What is the minimum investment for HIC Group LP?
HIC Group LP's latest Form D, filed Oct 31, 2019, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in HIC Group LP?
HIC Group 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 HIC Group LP raised?
HIC Group LP reports $807,500 sold from 1 investor on its Form D filed Oct 31, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is HIC Group LP based?
HIC Group LP is based in George Town, Grand Cayman, Cayman Islands.
When did HIC Group LP launch?
HIC Group LP reports its first sale in Oct 2018.
Size compared with every private equity fund
Raised more than 35% of the 340 private equity funds based in Cayman Islands, and more than 19% of all 8,888 that report sales.