Newport MMPPT, LLC
Newport MMPPT, LLC is a hedge fund based in Newport Beach, California. According to its most recent Form D, filed Oct 10, 2024, the fund has sold $40,148,140 of interests to 1 investor since its first sale in Apr 2018. The minimum investment it accepts from an outside investor is $25,000,000. 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.
Performance
No verified 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
- $40,148,140Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Apr 1, 2018
- Minimum investment
- $25,000,000
- 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
- Latest Form D
- Oct 10, 2024
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 MMPPT, LLC
What is the minimum investment for Newport MMPPT, LLC?
According to its latest Form D, filed Oct 10, 2024, the minimum investment Newport MMPPT, LLC accepts from an outside investor is $25,000,000.
Who can invest in Newport MMPPT, LLC?
Newport MMPPT, 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 MMPPT, LLC raised?
Newport MMPPT, LLC reports $40,148,140 sold from 1 investor on its Form D filed Oct 10, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Newport MMPPT, LLC based?
Newport MMPPT, LLC is based in Newport Beach, California and is managed by Paamco Prisma, LLC.
When did Newport MMPPT, LLC launch?
Newport MMPPT, LLC reports its first sale in Apr 2018.
Size compared with every hedge fund
Raised more than 53% of the 1,060 hedge funds based in California, and more than 42% of all 10,308 that report sales.