North Loop Fund LLC
North Loop Fund LLC is a hedge fund based in Wayzata, Minnesota. According to its most recent Form D, filed Apr 13, 2023, the fund has sold $16,636,904 of interests to 25 investors since its first sale in Nov 2012. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include North Loop Capital Management, LLC; Michael Mahigel; David Cragg.
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
- $16,636,904Cumulative sales reported on Form D
- Investors
- 25
- First sale
- Nov 26, 2012
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- North Loop Capital Management, LLC; Michael Mahigel; David Cragg
- Latest Form D
- Apr 13, 2023
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 North Loop Fund LLC
What is the minimum investment for North Loop Fund LLC?
North Loop Fund LLC's latest Form D, filed Apr 13, 2023, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in North Loop Fund LLC?
North Loop Fund LLC is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has North Loop Fund LLC raised?
North Loop Fund LLC reports $16,636,904 sold from 25 investors on its Form D filed Apr 13, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is North Loop Fund LLC based?
North Loop Fund LLC is based in Wayzata, Minnesota.
When did North Loop Fund LLC launch?
North Loop Fund LLC reports its first sale in Nov 2012.
Size compared with every hedge fund
Raised more than 40% of the 70 hedge funds based in Minnesota, and more than 28% of all 10,119 that report sales.