AltMountain

Lone Picea, L.P.

Greenwich, CT · CIK 1180076
Status: no Form D since Mar 2018. 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.

Lone Picea, L.P. is a hedge fund based in Greenwich, Connecticut. According to its most recent Form D, filed Mar 16, 2018, the fund has sold $2,677,452,230 of interests to 468 investors since its first sale in Jul 2002. 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 Lone Pine Members LLC; Lone Pine Capital LLC; Stephen Mandel, Jr.

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
$2,677,452,230Cumulative sales reported on Form D
Investors
468
First sale
Jul 1, 2002
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
Lone Pine Members LLC; Lone Pine Capital LLC; Stephen Mandel, Jr
Latest Form D
Mar 16, 2018

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 Lone Picea, L.P.

What is the minimum investment for Lone Picea, L.P.?

Lone Picea, L.P.'s latest Form D, filed Mar 16, 2018, does not set a minimum investment. Managers can still require one in the offering documents.

Who can invest in Lone Picea, L.P.?

Lone Picea, L.P. 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 Lone Picea, L.P. raised?

Lone Picea, L.P. reports $2,677,452,230 sold from 468 investors on its Form D filed Mar 16, 2018. This is cumulative sales since the offering began, not current assets or performance.

Where is Lone Picea, L.P. based?

Lone Picea, L.P. is based in Greenwich, Connecticut.

When did Lone Picea, L.P. launch?

Lone Picea, L.P. reports its first sale in Jul 2002.

Size compared with every hedge fund

Raised more than 97% of the 866 hedge funds based in Connecticut, and more than 97% of all 10,139 that report sales.

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