Precept Fund LP is a private investment fund based in Dallas, Texas. According to its most recent Form D, filed Aug 4, 2023, it has sold $150,919,498 of interests to 51 investors since its first sale in Sep 2006. 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 D. Baker; Precept Management, LLC; Nick Roossien.
- Total raised
- $150,919,498Cumulative sales reported on Form D
- Investors
- 51
- First sale
- Sep 1, 2006
- 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
- D. Baker; Precept Management, LLC; Nick Roossien
- Latest Form D
- Aug 4, 2023
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 LP
What is the minimum investment for Precept Fund LP?
Precept Fund LP's latest Form D, filed Aug 4, 2023, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Precept Fund LP?
Precept 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 Precept Fund LP raised?
Precept Fund LP reports $150,919,498 sold from 51 investors on its Form D filed Aug 4, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Precept Fund LP based?
Precept Fund LP is based in Dallas, Texas.
When did Precept Fund LP launch?
Precept Fund LP reports its first sale in Sep 2006.
Size compared with every private investment fund
Raised more than 84% of the 878 private investment funds based in Texas, and more than 76% of all 10,263 that report sales.