Preferred Yield Plus LP is a hedge fund based in Orinda, California. According to its most recent Form D, filed Feb 8, 2018, the fund has sold $20,209,027 of interests to 152 investors since its first sale in Apr 1999. The minimum investment it accepts from an outside investor is $100,000. 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 Usher GP, LLC Usher GP, LLC; Orinda Asset Management LLC Orinda Asset Management LLC; Paul Gray II.
Performance
No 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
- $20,209,027Cumulative sales reported on Form D
- Investors
- 152
- First sale
- Apr 1, 1999
- Minimum investment
- $100,000
- 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
- Usher GP, LLC Usher GP, LLC; Orinda Asset Management LLC Orinda Asset Management LLC; Paul Gray II
- Latest Form D
- Feb 8, 2018
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 Preferred Yield Plus LP
What is the minimum investment for Preferred Yield Plus LP?
According to its latest Form D, filed Feb 8, 2018, the minimum investment Preferred Yield Plus LP accepts from an outside investor is $100,000.
Who can invest in Preferred Yield Plus LP?
Preferred Yield Plus 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 Preferred Yield Plus LP raised?
Preferred Yield Plus LP reports $20,209,027 sold from 152 investors on its Form D filed Feb 8, 2018. This is cumulative sales since the offering began, not current assets or performance.
Where is Preferred Yield Plus LP based?
Preferred Yield Plus LP is based in Orinda, California.
When did Preferred Yield Plus LP launch?
Preferred Yield Plus LP reports its first sale in Apr 1999.
Size compared with every hedge fund
Raised more than 44% of the 1,048 hedge funds based in California, and more than 30% of all 10,119 that report sales.