AltMountain

Nipun EM Alpha Plus Fund, Ltd.

Foster City, CA · CIK 2083612 · Managed by Nipun Capital, L.P.
Emerging

Nipun EM Alpha Plus Fund, Ltd. is a hedge fund based in Foster City, California. According to its most recent Form D, filed Oct 9, 2025, the fund has sold $10,305,772 of interests to 1 investor since its first sale in Sep 2025. The minimum investment it accepts from an outside investor is $5,000,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Claris Ruwende; Nipun Capital, L.P; Paul Smith.

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
$10,305,772Cumulative sales reported on Form D
Investors
1
First sale
Sep 30, 2025
Minimum investment
$5,000,000
Who can invest
Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption
Rule 506(b)No general advertising
Key people and entities
Claris Ruwende; Nipun Capital, L.P; Paul Smith
Latest Form D
Oct 9, 2025

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 Nipun EM Alpha Plus Fund, Ltd.

What is the minimum investment for Nipun EM Alpha Plus Fund, Ltd.?

According to its latest Form D, filed Oct 9, 2025, the minimum investment Nipun EM Alpha Plus Fund, Ltd. accepts from an outside investor is $5,000,000.

Who can invest in Nipun EM Alpha Plus Fund, Ltd.?

Nipun EM Alpha Plus Fund, Ltd. 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 Nipun EM Alpha Plus Fund, Ltd. raised?

Nipun EM Alpha Plus Fund, Ltd. reports $10,305,772 sold from 1 investor on its Form D filed Oct 9, 2025. This is cumulative sales since the offering began, not current assets or performance.

Where is Nipun EM Alpha Plus Fund, Ltd. based?

Nipun EM Alpha Plus Fund, Ltd. is based in Foster City, California and is managed by Nipun Capital, L.P..

When did Nipun EM Alpha Plus Fund, Ltd. launch?

Nipun EM Alpha Plus Fund, Ltd. reports its first sale in Sep 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).

Size compared with every hedge fund

Raised more than 35% of the 1,060 hedge funds based in California, and more than 21% of all 10,307 that report sales.

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