Newport Asimo, LLC is a hedge fund based in Irvine, California. According to its most recent Form D, filed Feb 26, 2020, the fund has sold $106,020,658 of interests to 1 investor since its first sale in Oct 2011. The minimum investment it accepts from an outside investor is $75,000,000. 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 PAAMCO Prisma, LLC; Carlos Ferreira; Darren Huber.
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
- $106,020,658Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Oct 1, 2011
- Minimum investment
- $75,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- PAAMCO Prisma, LLC; Carlos Ferreira; Darren Huber
- Latest Form D
- Feb 26, 2020
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 Asimo, LLC
What is the minimum investment for Newport Asimo, LLC?
According to its latest Form D, filed Feb 26, 2020, the minimum investment Newport Asimo, LLC accepts from an outside investor is $75,000,000.
Who can invest in Newport Asimo, LLC?
Newport Asimo, 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 Asimo, LLC raised?
Newport Asimo, LLC reports $106,020,658 sold from 1 investor on its Form D filed Feb 26, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is Newport Asimo, LLC based?
Newport Asimo, LLC is based in Irvine, California.
When did Newport Asimo, LLC launch?
Newport Asimo, LLC reports its first sale in Oct 2011.
Size compared with every hedge fund
Raised more than 68% of the 1,049 hedge funds based in California, and more than 59% of all 10,128 that report sales.