Pine Grove Systematic Absolute Return Fund LP
Pine Grove Systematic Absolute Return Fund LP is a hedge fund based in Sharon, Massachusetts. According to its most recent Form D, filed Jul 17, 2020, the fund has sold $2,000,000 of interests to 8 investors since its first sale in Jun 2020. 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 Pine Grove Capital GP LLC; Pine Grove Capital Management LP; Xiaofeng Xia.
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
- $2,000,000Cumulative sales reported on Form D
- Investors
- 8
- First sale
- Jun 23, 2020
- 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
- Pine Grove Capital GP LLC; Pine Grove Capital Management LP; Xiaofeng Xia
- Latest Form D
- Jul 17, 2020
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 Pine Grove Systematic Absolute Return Fund LP
What is the minimum investment for Pine Grove Systematic Absolute Return Fund LP?
Pine Grove Systematic Absolute Return Fund LP's latest Form D, filed Jul 17, 2020, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Pine Grove Systematic Absolute Return Fund LP?
Pine Grove Systematic Absolute 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 Pine Grove Systematic Absolute Return Fund LP raised?
Pine Grove Systematic Absolute Return Fund LP reports $2,000,000 sold from 8 investors on its Form D filed Jul 17, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is Pine Grove Systematic Absolute Return Fund LP based?
Pine Grove Systematic Absolute Return Fund LP is based in Sharon, Massachusetts.
When did Pine Grove Systematic Absolute Return Fund LP launch?
Pine Grove Systematic Absolute Return Fund LP reports its first sale in Jun 2020.
Size compared with every hedge fund
Raised more than 9% of the 474 hedge funds based in Massachusetts, and more than 8% of all 10,129 that report sales.