Precept Fund L P is a private investment fund based in Dallas, Texas. According to its most recent Form D, filed Aug 12, 2016, it has sold $2,524,221 of interests to 6 investors since its first sale in Jan 2004. 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 Precept Management, LLC; Precept Capital Management, L.P; D. Baker.
- Total raised
- $2,524,221Cumulative sales reported on Form D
- Investors
- 6
- First sale
- Jan 1, 2004
- 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
- Precept Management, LLC; Precept Capital Management, L.P; D. Baker
- Latest Form D
- Aug 12, 2016
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. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Precept Fund L P
What is the minimum investment for Precept Fund L P?
Precept Fund L P's latest Form D, filed Aug 12, 2016, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Precept Fund L P?
Precept Fund L P 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 Precept Fund L P raised?
Precept Fund L P reports $2,524,221 sold from 6 investors on its Form D filed Aug 12, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is Precept Fund L P based?
Precept Fund L P is based in Dallas, Texas.
When did Precept Fund L P launch?
Precept Fund L P reports its first sale in Jan 2004.
Size compared with every private investment fund
Raised more than 41% of the 879 private investment funds based in Texas, and more than 23% of all 10,333 that report sales.