Larx Fund 1, LP is a hedge fund based in San Juan, Puerto Rico. According to its most recent Form D, filed Apr 4, 2023, the fund has sold $4,326,850 of interests to 15 investors since its first sale in Nov 2013. The minimum investment it accepts from an outside investor is $250,000. 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 Larx Capital, LLC; Brandon Spruill.
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
- $4,326,850Cumulative sales reported on Form D
- Investors
- 15
- First sale
- Nov 1, 2013
- Minimum investment
- $250,000
- 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
- Larx Capital, LLC; Brandon Spruill
- Latest Form D
- Apr 4, 2023
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 Larx Fund 1, LP
What is the minimum investment for Larx Fund 1, LP?
According to its latest Form D, filed Apr 4, 2023, the minimum investment Larx Fund 1, LP accepts from an outside investor is $250,000.
Who can invest in Larx Fund 1, LP?
Larx Fund 1, 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 Larx Fund 1, LP raised?
Larx Fund 1, LP reports $4,326,850 sold from 15 investors on its Form D filed Apr 4, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Larx Fund 1, LP based?
Larx Fund 1, LP is based in San Juan, Puerto Rico.
When did Larx Fund 1, LP launch?
Larx Fund 1, LP reports its first sale in Nov 2013.
Size compared with every hedge fund
Raised more than 48% of the 40 hedge funds based in Puerto Rico, and more than 13% of all 10,139 that report sales.