Powder Gate Partnership LP is a hedge fund based in New York, New York. According to its most recent Form D, filed Jul 24, 2019, the fund has sold $5,250,000 of interests to 4 investors since its first sale in Jul 2019. The minimum investment it accepts from an outside investor is $2,000,000. 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 Benjamin Pinkas.
Performance
No returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
Is this your fund? Report your monthly returns · How performance works
- Total raised
- $5,250,000Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Jul 12, 2019
- Minimum investment
- $2,000,000
- 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
- Benjamin Pinkas
- Latest Form D
- Jul 24, 2019
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 Powder Gate Partnership LP
What is the minimum investment for Powder Gate Partnership LP?
According to its latest Form D, filed Jul 24, 2019, the minimum investment Powder Gate Partnership LP accepts from an outside investor is $2,000,000.
Who can invest in Powder Gate Partnership LP?
Powder Gate Partnership 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 Powder Gate Partnership LP raised?
Powder Gate Partnership LP reports $5,250,000 sold from 4 investors on its Form D filed Jul 24, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is Powder Gate Partnership LP based?
Powder Gate Partnership LP is based in New York, New York.
When did Powder Gate Partnership LP launch?
Powder Gate Partnership LP reports its first sale in Jul 2019.
Size compared with every hedge fund
Raised more than 19% of the 2,528 hedge funds based in New York, and more than 15% of all 10,139 that report sales.