Point Source LP is a hedge fund based in Brooklyn, New York. According to its most recent Form D, filed Feb 21, 2025, the fund has sold $1,150,000 of interests to 1 investor since its first sale in Sep 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 Devaang Shah; Gowanus Bay Capital, LLC.
Performance
No verified 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
- $1,150,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Sep 23, 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
- Devaang Shah; Gowanus Bay Capital, LLC
- Latest Form D
- Feb 21, 2025
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 Point Source LP
What is the minimum investment for Point Source LP?
Point Source LP's latest Form D, filed Feb 21, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Point Source LP?
Point Source 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 Point Source LP raised?
Point Source LP reports $1,150,000 sold from 1 investor on its Form D filed Feb 21, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Point Source LP based?
Point Source LP is based in Brooklyn, New York.
When did Point Source LP launch?
Point Source LP reports its first sale in Sep 2011.
Size compared with every hedge fund
Raised more than 12% of the 2,544 hedge funds based in New York, and more than 6% of all 10,307 that report sales.