Karnak Partners L P

New York, NY · CIK 901295

Status: no Form D since Feb 2020. Funds file a Form D when they begin selling and amend it each year while the offering continues, so this fund has most likely stopped raising money. It may still be investing, or it may have closed or been dissolved. The details below are from its latest filing, kept here as a record.

Karnak Partners L P is a hedge fund based in New York, New York. According to its most recent Form D, filed Feb 5, 2020, the fund has sold $297,000,000 of interests to 52 investors since its first sale in Apr 1987. The minimum investment it accepts from an outside investor is $500,000. 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 Neuberger Berman Karnak GP LLC; Neuberger Berman Investment Advisers LLC; Joseph Amato.

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: $297,000,000Cumulative sales reported on Form D
Investors: 52
First sale: Apr 1, 1987
Minimum investment: $500,000
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: Neuberger Berman Karnak GP LLC; Neuberger Berman Investment Advisers LLC; Joseph Amato
Latest Form D: Feb 5, 2020

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 Karnak Partners L P

What is the minimum investment for Karnak Partners L P?

According to its latest Form D, filed Feb 5, 2020, the minimum investment Karnak Partners L P accepts from an outside investor is $500,000.

Who can invest in Karnak Partners L P?

Karnak 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 Karnak Partners L P raised?

Karnak Partners L P reports $297,000,000 sold from 52 investors on its Form D filed Feb 5, 2020. This is cumulative sales since the offering began, not current assets or performance.

Where is Karnak Partners L P based?

Karnak Partners L P is based in New York, New York.

When did Karnak Partners L P launch?

Karnak Partners L P reports its first sale in Apr 1987.