AltMountain

Patient Partners, LP

Baltimore, MD · CIK 1818127 · Managed by Patient Capital Management, LLC

Patient Partners, LP is a hedge fund based in Baltimore, Maryland. According to its most recent Form D, filed Jul 17, 2026, the fund has sold $134,875,947 of interests to 31 investors since its first sale in Jul 2020. The minimum investment it accepts from an outside investor is $1,000,000. 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. Related persons named in the filing include Patient Partners GP, LLC; Samantha McLemore.

Performance

13F estimate · public data only

No verified returns have been reported for this fund. As a rough guide, Patient Capital Management, LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +7.7% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +46.9% (S&P 500: +37.2%).

This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.

Is this your fund? Report your monthly returns · How performance works

Total raised
$134,875,947Cumulative sales reported on Form D
Investors
31
First sale
Jul 1, 2020
Minimum investment
$1,000,000
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
Patient Partners GP, LLC; Samantha McLemore
Latest Form D
Jul 17, 2026

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 Patient Partners, LP

What is the minimum investment for Patient Partners, LP?

According to its latest Form D, filed Jul 17, 2026, the minimum investment Patient Partners, LP accepts from an outside investor is $1,000,000.

Who can invest in Patient Partners, LP?

Patient Partners, 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 Patient Partners, LP raised?

Patient Partners, LP reports $134,875,947 sold from 31 investors on its Form D filed Jul 17, 2026. This is cumulative sales since the offering began, not current assets or performance.

Where is Patient Partners, LP based?

Patient Partners, LP is based in Baltimore, Maryland and is managed by Patient Capital Management, LLC.

When did Patient Partners, LP launch?

Patient Partners, LP reports its first sale in Jul 2020.

Size compared with every hedge fund

Raised more than 71% of the 62 hedge funds based in Maryland, and more than 63% of all 10,308 that report sales.

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