Legacy Fund 3, LP is a hedge fund based in Boca Raton, Florida. According to its most recent Form D, filed Nov 1, 2023, the fund has sold $100,000 of interests since its first sale in Nov 2023. The minimum investment it accepts from an outside investor is $50,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Damon Yates; Cody Kerns; Justin Freishtat.
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
- $100,000Cumulative sales reported on Form D
- Investors
- 0
- First sale
- Nov 1, 2023
- Minimum investment
- $50,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Net asset value range
- $1 - $5,000,000Self-reported
- Key people and entities
- Damon Yates; Cody Kerns; Justin Freishtat
- Latest Form D
- Nov 1, 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 Legacy Fund 3, LP
What is the minimum investment for Legacy Fund 3, LP?
According to its latest Form D, filed Nov 1, 2023, the minimum investment Legacy Fund 3, LP accepts from an outside investor is $50,000.
Who can invest in Legacy Fund 3, LP?
Legacy Fund 3, 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(c), so it may advertise, but every investor must be verified as accredited.
How much has Legacy Fund 3, LP raised?
Legacy Fund 3, LP reports $100,000 sold on its Form D filed Nov 1, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Legacy Fund 3, LP based?
Legacy Fund 3, LP is based in Boca Raton, Florida.
When did Legacy Fund 3, LP launch?
Legacy Fund 3, LP reports its first sale in Nov 2023.
Size compared with every hedge fund
Raised more than 18% of the 741 hedge funds based in Florida, and more than 1% of all 10,139 that report sales.