Newport 59, LLC

Irvine, CA · CIK 1633057

Status: no Form D since Feb 2018. 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.

Newport 59, LLC is a hedge fund based in Irvine, California. According to its most recent Form D, filed Feb 26, 2018, the fund has sold $325,279,791 of interests to 2 investors since its first sale in Jan 2015. The minimum investment it accepts from an outside investor is $300,000,000. 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 Joshua Barlow; Carlos Ferreira; Pacific Alternative Asset Management Company, LLC.

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: $325,279,791Cumulative sales reported on Form D
Investors: 2
First sale: Jan 1, 2015
Minimum investment: $300,000,000
Who can invest: Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption: Rule 506(b)No general advertising
Key people and entities: Joshua Barlow; Carlos Ferreira; Pacific Alternative Asset Management Company, LLC
Latest Form D: Feb 26, 2018

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

Raise history

Filed	Filing	Total raised	Investors	Source
Feb 26, 2018	Amendment	$325,279,791	2	SEC.gov ↗
Feb 24, 2017	Amendment	$313,776,724	2	SEC.gov ↗
Feb 25, 2016	Amendment	$289,045,620	2	SEC.gov ↗
Feb 10, 2015	First notice	$300,100,000	2	SEC.gov ↗

4 Form D filings in the SEC's electronic records (2008 onward), the earliest on Feb 10, 2015. Each filing reports the cumulative amount sold and the number of investors to that date, as the fund filed it. Not verified, and not the fund's current assets. Source: U.S. Securities and Exchange Commission, Form D data sets.

Questions about Newport 59, LLC

What is the minimum investment for Newport 59, LLC?

According to its latest Form D, filed Feb 26, 2018, the minimum investment Newport 59, LLC accepts from an outside investor is $300,000,000.

Who can invest in Newport 59, LLC?

Newport 59, LLC 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 Newport 59, LLC raised?

Newport 59, LLC reports $325,279,791 sold from 2 investors on its Form D filed Feb 26, 2018. This is cumulative sales since the offering began, not current assets or performance.

Where is Newport 59, LLC based?

Newport 59, LLC is based in Irvine, California.

When did Newport 59, LLC launch?

Newport 59, LLC reports its first sale in Jan 2015.