AltMountain

Newport Eureka, LLC

Irvine, CA · CIK 1484369
Status: no Form D since Feb 2020. 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 Eureka, LLC is a hedge fund based in Irvine, California. According to its most recent Form D, filed Feb 26, 2020, the fund has sold $14,699,998 of interests to 2 investors since its first sale in Feb 2010. The minimum investment it accepts from an outside investor is $100,000,000. 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; Darren Huber; Carlos Ferreira.

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
$14,699,998Cumulative sales reported on Form D
Investors
2
First sale
Feb 1, 2010
Minimum investment
$100,000,000
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; Darren Huber; Carlos Ferreira
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 Eureka, LLC

What is the minimum investment for Newport Eureka, LLC?

According to its latest Form D, filed Feb 26, 2020, the minimum investment Newport Eureka, LLC accepts from an outside investor is $100,000,000.

Who can invest in Newport Eureka, LLC?

Newport Eureka, 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 Eureka, LLC raised?

Newport Eureka, LLC reports $14,699,998 sold from 2 investors on its Form D filed Feb 26, 2020. This is cumulative sales since the offering began, not current assets or performance.

Where is Newport Eureka, LLC based?

Newport Eureka, LLC is based in Irvine, California.

When did Newport Eureka, LLC launch?

Newport Eureka, LLC reports its first sale in Feb 2010.

Size compared with every hedge fund

Raised more than 40% of the 1,049 hedge funds based in California, and more than 25% of all 10,128 that report sales.

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