Prana Absolute Return Fund LP
Prana Absolute Return Fund LP is a hedge fund based in Greenwich, Connecticut. According to its most recent Form D, filed Jan 8, 2026, the fund has sold $1,441,384,084 of interests to 78 investors since its first sale in May 2017. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Prana Absolute Return Fund GP LLC; Peter Seuss.
Performance
No verified returns have been reported for this fund. As a rough guide, Prana Capital Management LP, which manages it, disclosed U.S. stock holdings that returned an estimated -4.5% 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 +24.2% (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.
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- Total raised
- $1,441,384,084Cumulative sales reported on Form D
- Investors
- 78
- First sale
- May 1, 2017
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Prana Absolute Return Fund GP LLC; Peter Seuss
- Latest Form D
- Jan 8, 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 Prana Absolute Return Fund LP
What is the minimum investment for Prana Absolute Return Fund LP?
Prana Absolute Return Fund LP's latest Form D, filed Jan 8, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Prana Absolute Return Fund LP?
Prana Absolute Return Fund LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Prana Absolute Return Fund LP raised?
Prana Absolute Return Fund LP reports $1,441,384,084 sold from 78 investors on its Form D filed Jan 8, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Prana Absolute Return Fund LP based?
Prana Absolute Return Fund LP is based in Greenwich, Connecticut and is managed by Prana Capital Management LP.
When did Prana Absolute Return Fund LP launch?
Prana Absolute Return Fund LP reports its first sale in May 2017.
Size compared with every hedge fund
Raised more than 95% of the 862 hedge funds based in Connecticut, and more than 93% of all 10,308 that report sales.