Kbit Convergence Fund LP is a hedge fund based in San Diego, California. According to its most recent Form D, filed May 12, 2026, the fund has sold $8,000,000 of interests to 3 investors since its first sale in May 2026. The minimum investment it accepts from an outside investor is $1,000,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Kbit Management Ltd; Edward Tolson.
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
- $8,000,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- May 7, 2026
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Kbit Management Ltd; Edward Tolson
- Latest Form D
- May 12, 2026
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 Kbit Convergence Fund LP
What is the minimum investment for Kbit Convergence Fund LP?
According to its latest Form D, filed May 12, 2026, the minimum investment Kbit Convergence Fund LP accepts from an outside investor is $1,000,000.
Who can invest in Kbit Convergence Fund LP?
Kbit Convergence Fund 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 Kbit Convergence Fund LP raised?
Kbit Convergence Fund LP reports $8,000,000 sold from 3 investors on its Form D filed May 12, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Kbit Convergence Fund LP based?
Kbit Convergence Fund LP is based in San Diego, California.
When did Kbit Convergence Fund LP launch?
Kbit Convergence Fund LP reports its first sale in May 2026, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 33% of the 1,060 hedge funds based in California, and more than 19% of all 10,307 that report sales.