Obsidian Fund LLC

New York, NY · CIK 1433510

Status: no Form D since Apr 2023. 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.

Obsidian Fund LLC is a hedge fund based in New York, New York. According to its most recent Form D, filed Apr 18, 2023, the fund has sold $1,212,972,332 of interests to 205 investors since its first sale in Jul 1997. The minimum investment it accepts from an outside investor is $1,000,000. 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 Stuart Spodek; Noelle L'Heureux.

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: $1,212,972,332Cumulative sales reported on Form D
Investors: 205
First sale: Jul 3, 1997
Minimum investment: $1,000,000
Who can invest: Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption: Rule 506(b)No general advertising
Key people and entities: Stuart Spodek; Noelle L'Heureux
Latest Form D: Apr 18, 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 Obsidian Fund LLC

What is the minimum investment for Obsidian Fund LLC?

According to its latest Form D, filed Apr 18, 2023, the minimum investment Obsidian Fund LLC accepts from an outside investor is $1,000,000.

Who can invest in Obsidian Fund LLC?

Obsidian Fund 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 Obsidian Fund LLC raised?

Obsidian Fund LLC reports $1,212,972,332 sold from 205 investors on its Form D filed Apr 18, 2023. This is cumulative sales since the offering began, not current assets or performance.

Where is Obsidian Fund LLC based?

Obsidian Fund LLC is based in New York, New York.

When did Obsidian Fund LLC launch?

Obsidian Fund LLC reports its first sale in Jul 1997.