NewCoast Fund LP

Irvine, CA · CIK 1801863

Status: no Form D since Feb 2021. 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.

NewCoast Fund LP is a hedge fund based in Irvine, California. According to its most recent Form D, filed Feb 2, 2021, the fund has sold $70,050,000 of interests to 2 investors since its first sale in Sep 2020. The minimum investment it accepts from an outside investor is $100,000. 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 NewCoast Group LLC; Simon Zhang.

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: $70,050,000Cumulative sales reported on Form D
Investors: 2
First sale: Sep 10, 2020
Minimum investment: $100,000
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: NewCoast Group LLC; Simon Zhang
Latest Form D: Feb 2, 2021

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 NewCoast Fund LP

What is the minimum investment for NewCoast Fund LP?

According to its latest Form D, filed Feb 2, 2021, the minimum investment NewCoast Fund LP accepts from an outside investor is $100,000.

Who can invest in NewCoast Fund LP?

NewCoast 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 NewCoast Fund LP raised?

NewCoast Fund LP reports $70,050,000 sold from 2 investors on its Form D filed Feb 2, 2021. This is cumulative sales since the offering began, not current assets or performance.

Where is NewCoast Fund LP based?

NewCoast Fund LP is based in Irvine, California.

When did NewCoast Fund LP launch?

NewCoast Fund LP reports its first sale in Sep 2020.