Magnet Ae Fund LP
Magnet Ae Fund LP is a hedge fund based in White Plains, New York. According to its most recent Form D, filed Jun 26, 2014, the fund has sold $429,655 of interests to 4 investors since its first sale in Apr 2013. The minimum investment it accepts from an outside investor is $250,000. 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 Jordan Kimmel.
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
- $429,655Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Apr 8, 2013
- Minimum investment
- $250,000
- 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
- Jordan Kimmel
- Latest Form D
- Jun 26, 2014
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 Magnet Ae Fund LP
What is the minimum investment for Magnet Ae Fund LP?
According to its latest Form D, filed Jun 26, 2014, the minimum investment Magnet Ae Fund LP accepts from an outside investor is $250,000.
Who can invest in Magnet Ae Fund LP?
Magnet Ae 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 Magnet Ae Fund LP raised?
Magnet Ae Fund LP reports $429,655 sold from 4 investors on its Form D filed Jun 26, 2014. This is cumulative sales since the offering began, not current assets or performance.
Where is Magnet Ae Fund LP based?
Magnet Ae Fund LP is based in White Plains, New York.
When did Magnet Ae Fund LP launch?
Magnet Ae Fund LP reports its first sale in Apr 2013.
Size compared with every hedge fund
Raised more than 10% of the 2,528 hedge funds based in New York, and more than 3% of all 10,140 that report sales.