Preston Capital, LP is a hedge fund based in Miami, Florida. According to its most recent Form D, filed Oct 12, 2018, the fund has sold $265,000 of interests to 7 investors since its first sale in Aug 2018. The minimum investment it accepts from an outside investor is $100,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Preston Gitlin.
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
- $265,000Cumulative sales reported on Form D
- Investors
- 7
- First sale
- Aug 21, 2018
- Minimum investment
- $100,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Preston Gitlin
- Latest Form D
- Oct 12, 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 Preston Capital, LP
What is the minimum investment for Preston Capital, LP?
According to its latest Form D, filed Oct 12, 2018, the minimum investment Preston Capital, LP accepts from an outside investor is $100,000.
Who can invest in Preston Capital, LP?
Preston Capital, LP is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has Preston Capital, LP raised?
Preston Capital, LP reports $265,000 sold from 7 investors on its Form D filed Oct 12, 2018. This is cumulative sales since the offering began, not current assets or performance.
Where is Preston Capital, LP based?
Preston Capital, LP is based in Miami, Florida.
When did Preston Capital, LP launch?
Preston Capital, LP reports its first sale in Aug 2018.
Size compared with every hedge fund
Raised more than 20% of the 741 hedge funds based in Florida, and more than 2% of all 10,127 that report sales.