AltMountain

Millrace Fund LP

Berwyn, PA · CIK 1165580
Status: no Form D since Aug 2024. 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.

Millrace Fund LP is a hedge fund based in Berwyn, Pennsylvania. According to its most recent Form D, filed Aug 1, 2024, the fund has sold $92,381,519 of interests to 138 investors since its first sale in Jan 2002. The filing does not set a minimum investment. 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 Millrace Capital GP, LP; Millrace Asset Group, Inc.

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
$92,381,519Cumulative sales reported on Form D
Investors
138
First sale
Jan 17, 2002
Minimum investment
None set
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
Millrace Capital GP, LP; Millrace Asset Group, Inc
Latest Form D
Aug 1, 2024

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 Millrace Fund LP

What is the minimum investment for Millrace Fund LP?

Millrace Fund LP's latest Form D, filed Aug 1, 2024, does not set a minimum investment. Managers can still require one in the offering documents.

Who can invest in Millrace Fund LP?

Millrace 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 Millrace Fund LP raised?

Millrace Fund LP reports $92,381,519 sold from 138 investors on its Form D filed Aug 1, 2024. This is cumulative sales since the offering began, not current assets or performance.

Where is Millrace Fund LP based?

Millrace Fund LP is based in Berwyn, Pennsylvania.

When did Millrace Fund LP launch?

Millrace Fund LP reports its first sale in Jan 2002.

Size compared with every hedge fund

Raised more than 71% of the 139 hedge funds based in Pennsylvania, and more than 56% of all 10,129 that report sales.

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