Parsec Trading Corp.

Offshore

Status: no Form D since Nov 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.

Parsec Trading Corp. is a hedge fund based in Pembroke, Bermuda. According to its most recent Form D, filed Nov 13, 2017, the fund has sold $1,144,396,438 of interests to 50 investors since its first sale in Jul 2009. 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. Related persons named in the filing include Clarendon Masters; Arthur Price; Dougin Walker.

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: $1,144,396,438Cumulative sales reported on Form D
Investors: 50
First sale: Jul 1, 2009
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: Clarendon Masters; Arthur Price; Dougin Walker
Latest Form D: Nov 13, 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 Parsec Trading Corp.

What is the minimum investment for Parsec Trading Corp.?

According to its latest Form D, filed Nov 13, 2017, the minimum investment Parsec Trading Corp. accepts from an outside investor is $5,000,000.

Who can invest in Parsec Trading Corp.?

Parsec Trading Corp. 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 Parsec Trading Corp. raised?

Parsec Trading Corp. reports $1,144,396,438 sold from 50 investors on its Form D filed Nov 13, 2017. This is cumulative sales since the offering began, not current assets or performance.

Where is Parsec Trading Corp. based?

Parsec Trading Corp. is based in Pembroke, Bermuda.

When did Parsec Trading Corp. launch?

Parsec Trading Corp. reports its first sale in Jul 2009.