MacKay Shields High Yield Active Core Fund LP
MacKay Shields High Yield Active Core Fund LP is a hedge fund based in New York, New York. According to its most recent Form D, filed Oct 2, 2026, the fund has sold $1,390,264,214 of interests to 90 investors since its first sale in Mar 2009. The minimum investment it accepts from an outside investor is $2,000,000. 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 MacKay Shields LLC; MacKay Shields High Yield Active Core Fund GP LLC; Rene Bustamante.
Performance
No verified returns have been reported for this fund. As a rough guide, Mackay Shields LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +6.1% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +15.1% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $1,390,264,214Cumulative sales reported on Form D
- Investors
- 90
- First sale
- Mar 1, 2009
- Minimum investment
- $2,000,000
- 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
- MacKay Shields LLC; MacKay Shields High Yield Active Core Fund GP LLC; Rene Bustamante
- Latest Form D
- Oct 2, 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 MacKay Shields High Yield Active Core Fund LP
What is the minimum investment for MacKay Shields High Yield Active Core Fund LP?
According to its latest Form D, filed Oct 2, 2026, the minimum investment MacKay Shields High Yield Active Core Fund LP accepts from an outside investor is $2,000,000.
Who can invest in MacKay Shields High Yield Active Core Fund LP?
MacKay Shields High Yield Active Core Fund 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 MacKay Shields High Yield Active Core Fund LP raised?
MacKay Shields High Yield Active Core Fund LP reports $1,390,264,214 sold from 90 investors on its Form D filed Oct 2, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is MacKay Shields High Yield Active Core Fund LP based?
MacKay Shields High Yield Active Core Fund LP is based in New York, New York and is managed by Mackay Shields LLC.
When did MacKay Shields High Yield Active Core Fund LP launch?
MacKay Shields High Yield Active Core Fund LP reports its first sale in Mar 2009.
Size compared with every hedge fund
Raised more than 92% of the 2,544 hedge funds based in New York, and more than 93% of all 10,308 that report sales.