Procyon Evergreen I, L.P. is a hedge fund based in New York City, New York. According to its most recent Form D, filed Oct 4, 2024, the fund has sold $27,485,606 of interests to 52 investors since its first sale in Jul 2024. The minimum investment it accepts from an outside investor is $200,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Matthew Brown; Procyon Advisors, LLC; Capital Integration Systems LLC.
Performance
No verified returns have been reported for this fund. As a rough guide, Procyon, which manages it, disclosed U.S. stock holdings that returned an estimated +8.6% 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 +33.8% (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
- $27,485,606Cumulative sales reported on Form D
- Investors
- 52
- First sale
- Jul 1, 2024
- Minimum investment
- $200,000
- 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
- Matthew Brown; Procyon Advisors, LLC; Capital Integration Systems LLC
- Latest Form D
- Oct 4, 2024
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 Procyon Evergreen I, L.P.
What is the minimum investment for Procyon Evergreen I, L.P.?
According to its latest Form D, filed Oct 4, 2024, the minimum investment Procyon Evergreen I, L.P. accepts from an outside investor is $200,000.
Who can invest in Procyon Evergreen I, L.P.?
Procyon Evergreen I, 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 Procyon Evergreen I, L.P. raised?
Procyon Evergreen I, L.P. reports $27,485,606 sold from 52 investors on its Form D filed Oct 4, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Procyon Evergreen I, L.P. based?
Procyon Evergreen I, L.P. is based in New York City, New York and is managed by Procyon.
When did Procyon Evergreen I, L.P. launch?
Procyon Evergreen I, L.P. reports its first sale in Jul 2024, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 34% of the 2,544 hedge funds based in New York, and more than 36% of all 10,308 that report sales.