Newport Absolute LLC
Newport Absolute LLC is a hedge fund based in Newport Beach, California. According to its most recent Form D, filed Oct 14, 2022, the fund has sold $418,539,639 of interests to 1 investor since its first sale in Jan 2000. The minimum investment it accepts from an outside investor is $150,000,000. 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 Vincent Cuticello; PAAMCO Prisma, 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.
Is this your fund? Report your monthly returns · How performance works
- Total raised
- $418,539,639Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Jan 1, 2000
- Minimum investment
- $150,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Vincent Cuticello; PAAMCO Prisma, LLC
- Latest Form D
- Oct 14, 2022
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 Newport Absolute LLC
What is the minimum investment for Newport Absolute LLC?
According to its latest Form D, filed Oct 14, 2022, the minimum investment Newport Absolute LLC accepts from an outside investor is $150,000,000.
Who can invest in Newport Absolute LLC?
Newport Absolute 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 Absolute LLC raised?
Newport Absolute LLC reports $418,539,639 sold from 1 investor on its Form D filed Oct 14, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Newport Absolute LLC based?
Newport Absolute LLC is based in Newport Beach, California.
When did Newport Absolute LLC launch?
Newport Absolute LLC reports its first sale in Jan 2000.
Size compared with every hedge fund
Raised more than 85% of the 1,049 hedge funds based in California, and more than 80% of all 10,129 that report sales.