Pencey Value Fund I, LP is a hedge fund based in New York, New York. According to its most recent Form D, filed Aug 16, 2021, the fund has sold $2,231,830 of interests to 6 investors since its first sale in Mar 2020. The minimum investment it accepts from an outside investor is $250,000. 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 Pencey Value Fund I GP, LLC; Peter Jun; Pencey Group, LLC.
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
- $2,231,830Cumulative sales reported on Form D
- Investors
- 6
- First sale
- Mar 24, 2020
- Minimum investment
- $250,000
- 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
- Pencey Value Fund I GP, LLC; Peter Jun; Pencey Group, LLC
- Latest Form D
- Aug 16, 2021
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
Raise history
| Filed | Filing | Total raised | Investors | Source |
|---|---|---|---|---|
| Aug 16, 2021 | Form D/A (amendment) | $2,231,830 | 6 | SEC.gov ↗ |
| Aug 25, 2020 | Form D | $2,231,830 | 6 | SEC.gov ↗ |
2 Form D filings in the SEC's electronic records (2008 onward), the earliest on Aug 25, 2020. Each filing reports the cumulative amount sold and the number of investors to that date, as the fund filed it. Not verified, and not the fund's current assets. Source: U.S. Securities and Exchange Commission, Form D data sets.
Questions about Pencey Value Fund I, LP
What is the minimum investment for Pencey Value Fund I, LP?
According to its latest Form D, filed Aug 16, 2021, the minimum investment Pencey Value Fund I, LP accepts from an outside investor is $250,000.
Who can invest in Pencey Value Fund I, LP?
Pencey Value 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 Pencey Value Fund I, LP raised?
Pencey Value Fund I, LP reports $2,231,830 sold from 6 investors on its Form D filed Aug 16, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Pencey Value Fund I, LP based?
Pencey Value Fund I, LP is based in New York, New York.
When did Pencey Value Fund I, LP launch?
Pencey Value Fund I, LP reports its first sale in Mar 2020.
Size compared with every hedge fund
Raised more than 14% of the 2,528 hedge funds based in New York, and more than 9% of all 10,140 that report sales.