Lee Absolute Return Strategy LP is a hedge fund based in New York, New York. According to its most recent Form D, filed Jul 25, 2019, the fund has sold $12,095,139 of interests to 9 investors since its first sale in Apr 2018. The filing does not set a minimum investment. 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 Thomas Lee; Lee Capital Asset Management LLC; Lee Asset Capital Holdings LLC.
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
- $12,095,139Cumulative sales reported on Form D
- Investors
- 9
- First sale
- Apr 1, 2018
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Thomas Lee; Lee Capital Asset Management LLC; Lee Asset Capital Holdings LLC
- Latest Form D
- Jul 25, 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 Lee Absolute Return Strategy LP
What is the minimum investment for Lee Absolute Return Strategy LP?
Lee Absolute Return Strategy LP's latest Form D, filed Jul 25, 2019, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Lee Absolute Return Strategy LP?
Lee Absolute Return Strategy 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 Lee Absolute Return Strategy LP raised?
Lee Absolute Return Strategy LP reports $12,095,139 sold from 9 investors on its Form D filed Jul 25, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is Lee Absolute Return Strategy LP based?
Lee Absolute Return Strategy LP is based in New York, New York.
When did Lee Absolute Return Strategy LP launch?
Lee Absolute Return Strategy LP reports its first sale in Apr 2018.
Size compared with every hedge fund
Raised more than 25% of the 2,524 hedge funds based in New York, and more than 23% of all 10,129 that report sales.