Pennington Capital, LLC
Pennington Capital, LLC is a hedge fund based in Minneapolis, Minnesota. According to its most recent Form D, filed May 13, 2016, the fund has sold $25,162,692 of interests to 87 investors since its first sale in May 2011. The filing does not set a minimum investment. 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 Robert Evans; Pennington Capital Management 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
- $25,162,692Cumulative sales reported on Form D
- Investors
- 87
- First sale
- May 1, 2011
- Minimum investment
- None set
- 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
- Robert Evans; Pennington Capital Management LLC
- Latest Form D
- May 13, 2016
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 Pennington Capital, LLC
What is the minimum investment for Pennington Capital, LLC?
Pennington Capital, LLC's latest Form D, filed May 13, 2016, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Pennington Capital, LLC?
Pennington Capital, LLC 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 Pennington Capital, LLC raised?
Pennington Capital, LLC reports $25,162,692 sold from 87 investors on its Form D filed May 13, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is Pennington Capital, LLC based?
Pennington Capital, LLC is based in Minneapolis, Minnesota.
When did Pennington Capital, LLC launch?
Pennington Capital, LLC reports its first sale in May 2011.
Size compared with every hedge fund
Raised more than 46% of the 70 hedge funds based in Minnesota, and more than 34% of all 10,128 that report sales.