Orion Fund I, LP is a hedge fund based in San Francisco, California. According to its most recent Form D, filed Nov 14, 2025, the fund has sold $277,560 of interests to 6 investors since its first sale in Mar 2025. The minimum investment it accepts from an outside investor is $10,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Orion Fund I GP, LLC; Gavin McCarthy-Bui; Shane McNabb.
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
- $277,560Cumulative sales reported on Form D
- Investors
- 6
- First sale
- Mar 1, 2025
- Minimum investment
- $10,000
- 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
- Orion Fund I GP, LLC; Gavin McCarthy-Bui; Shane McNabb
- Latest Form D
- Nov 14, 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 Orion Fund I, LP
What is the minimum investment for Orion Fund I, LP?
According to its latest Form D, filed Nov 14, 2025, the minimum investment Orion Fund I, LP accepts from an outside investor is $10,000.
Who can invest in Orion Fund I, LP?
Orion Fund I, LP 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 Orion Fund I, LP raised?
Orion Fund I, LP reports $277,560 sold from 6 investors on its Form D filed Nov 14, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Orion Fund I, LP based?
Orion Fund I, LP is based in San Francisco, California.
When did Orion Fund I, LP launch?
Orion Fund I, LP reports its first sale in Mar 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 15% of the 1,060 hedge funds based in California, and more than 2% of all 10,308 that report sales.