AltMountain

Nextar Fund

Grand Cayman, Cayman Islands · CIK 1646898
Offshore
Status: no Form D since Jun 2017. 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.

Nextar Fund is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Jun 26, 2017, the fund has sold $137,986,667 of interests to 10 investors since its first sale in Dec 2011. The minimum investment it accepts from an outside investor is $50,000. 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 JGP Global Gestao de Recursos Ltda; Scott Dakers; Inderjit Singh.

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
$137,986,667Cumulative sales reported on Form D
Investors
10
First sale
Dec 30, 2011
Minimum investment
$50,000
Who can invest
Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption
Rule 506(b)No general advertising
Key people and entities
JGP Global Gestao de Recursos Ltda; Scott Dakers; Inderjit Singh
Latest Form D
Jun 26, 2017

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 Nextar Fund

What is the minimum investment for Nextar Fund?

According to its latest Form D, filed Jun 26, 2017, the minimum investment Nextar Fund accepts from an outside investor is $50,000.

Who can invest in Nextar Fund?

Nextar Fund 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 Nextar Fund raised?

Nextar Fund reports $137,986,667 sold from 10 investors on its Form D filed Jun 26, 2017. This is cumulative sales since the offering began, not current assets or performance.

Where is Nextar Fund based?

Nextar Fund is based in Grand Cayman, Cayman Islands.

When did Nextar Fund launch?

Nextar Fund reports its first sale in Dec 2011.

Size compared with every hedge fund

Raised more than 54% of the 2,343 hedge funds based in Cayman Islands, and more than 63% of all 10,118 that report sales.

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