HITE MLP Advantage LP
HITE MLP Advantage LP is a hedge fund based in Quincy, Massachusetts. According to its most recent Form D, filed Jun 24, 2019, the fund has sold $58,184,360 of interests to 9 investors since its first sale in Jan 2013. The minimum investment it accepts from an outside investor is $250,000. 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 Hite Hedge Asset Management LLC; Hite Hedge Capital LLC; James Jampel.
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
- $58,184,360Cumulative sales reported on Form D
- Investors
- 9
- First sale
- Jan 17, 2013
- Minimum investment
- $250,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Hite Hedge Asset Management LLC; Hite Hedge Capital LLC; James Jampel
- Latest Form D
- Jun 24, 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. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about HITE MLP Advantage LP
What is the minimum investment for HITE MLP Advantage LP?
According to its latest Form D, filed Jun 24, 2019, the minimum investment HITE MLP Advantage LP accepts from an outside investor is $250,000.
Who can invest in HITE MLP Advantage LP?
HITE MLP Advantage 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 HITE MLP Advantage LP raised?
HITE MLP Advantage LP reports $58,184,360 sold from 9 investors on its Form D filed Jun 24, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is HITE MLP Advantage LP based?
HITE MLP Advantage LP is based in Quincy, Massachusetts.
When did HITE MLP Advantage LP launch?
HITE MLP Advantage LP reports its first sale in Jan 2013.
Size compared with every hedge fund
Raised more than 38% of the 474 hedge funds based in Massachusetts, and more than 49% of all 10,129 that report sales.