Mackay Shields Statutory Trust is a hedge fund based in New York, New York. According to its most recent Form D, filed Oct 7, 2016, the fund has sold $575,042,261 of interests to 54 investors since its first sale in Feb 2000. 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 none The Bank of New York Mellon.
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
- $575,042,261Cumulative sales reported on Form D
- Investors
- 54
- First sale
- Feb 1, 2000
- 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
- none The Bank of New York Mellon
- Latest Form D
- Oct 7, 2016
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 Statutory Trust
What is the minimum investment for Mackay Shields Statutory Trust?
According to its latest Form D, filed Oct 7, 2016, the minimum investment Mackay Shields Statutory Trust accepts from an outside investor is $2,000,000.
Who can invest in Mackay Shields Statutory Trust?
Mackay Shields Statutory Trust 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 Statutory Trust raised?
Mackay Shields Statutory Trust reports $575,042,261 sold from 54 investors on its Form D filed Oct 7, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is Mackay Shields Statutory Trust based?
Mackay Shields Statutory Trust is based in New York, New York.
When did Mackay Shields Statutory Trust launch?
Mackay Shields Statutory Trust reports its first sale in Feb 2000.
Size compared with every hedge fund
Raised more than 82% of the 2,525 hedge funds based in New York, and more than 83% of all 10,128 that report sales.