Periscope Target Return Fund LP
Periscope Target Return Fund LP is a hedge fund based in Toronto, Ontario, Canada. According to its most recent Form D, filed Feb 26, 2026, the fund has sold $5,000,000 of interests to 1 investor since its first sale in Feb 2020. The minimum investment it accepts from an outside investor is $1. 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 James Wise; Stephen Elgee.
Performance
No verified returns have been reported for this fund. As a rough guide, Periscope Capital, which manages it, disclosed U.S. stock holdings that returned an estimated +2.5% 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 +17.8% (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
- $5,000,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Feb 1, 2020
- Minimum investment
- $1
- 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
- James Wise; Stephen Elgee
- Latest Form D
- Feb 26, 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 Periscope Target Return Fund LP
What is the minimum investment for Periscope Target Return Fund LP?
According to its latest Form D, filed Feb 26, 2026, the minimum investment Periscope Target Return Fund LP accepts from an outside investor is $1.
Who can invest in Periscope Target Return Fund LP?
Periscope Target Return Fund 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 Periscope Target Return Fund LP raised?
Periscope Target Return Fund LP reports $5,000,000 sold from 1 investor on its Form D filed Feb 26, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Periscope Target Return Fund LP based?
Periscope Target Return Fund LP is based in Toronto, Ontario, Canada and is managed by Periscope Capital.
When did Periscope Target Return Fund LP launch?
Periscope Target Return Fund LP reports its first sale in Feb 2020.
Size compared with every hedge fund
Raised more than 60% of the 30 hedge funds based in Ontario, Canada, and more than 14% of all 10,308 that report sales.