Net Return Fund, LP
Net Return Fund, LP is a hedge fund based in New York, New York. According to its most recent Form D, filed Jan 8, 2026, the fund has sold $232,361,865 of interests to 180 investors since its first sale in May 2006. 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 Net Return Advisors, LLC; Net Return Asset Management, LLC.
Performance
No verified 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
- $232,361,865Cumulative sales reported on Form D
- Investors
- 180
- First sale
- May 1, 2006
- 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
- Net Return Advisors, LLC; Net Return Asset Management, LLC
- Latest Form D
- Jan 8, 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 Net Return Fund, LP
What is the minimum investment for Net Return Fund, LP?
Net Return Fund, LP's latest Form D, filed Jan 8, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Net Return Fund, LP?
Net Return Fund, LP 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 Net Return Fund, LP raised?
Net Return Fund, LP reports $232,361,865 sold from 180 investors on its Form D filed Jan 8, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Net Return Fund, LP based?
Net Return Fund, LP is based in New York, New York and is managed by NET Return Asset Management LLC.
When did Net Return Fund, LP launch?
Net Return Fund, LP reports its first sale in May 2006.
Size compared with every hedge fund
Raised more than 68% of the 2,544 hedge funds based in New York, and more than 71% of all 10,307 that report sales.