Progressive India Fund is a hedge fund based in Ebene, Mauritius. According to its most recent Form D, filed Aug 6, 2018, the fund has sold $4,750,000 of interests to 2 investors since its first sale in Jun 2012. The minimum investment it accepts from an outside investor is $250,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Subiraj Gujadhur; Mahmad Amiran; Haresh Melwani.
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
- $4,750,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Jun 26, 2012
- Minimum investment
- $250,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Subiraj Gujadhur; Mahmad Amiran; Haresh Melwani
- Latest Form D
- Aug 6, 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 Progressive India Fund
What is the minimum investment for Progressive India Fund?
According to its latest Form D, filed Aug 6, 2018, the minimum investment Progressive India Fund accepts from an outside investor is $250,000.
Who can invest in Progressive India Fund?
Progressive India Fund is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Progressive India Fund raised?
Progressive India Fund reports $4,750,000 sold from 2 investors on its Form D filed Aug 6, 2018. This is cumulative sales since the offering began, not current assets or performance.
Where is Progressive India Fund based?
Progressive India Fund is based in Ebene, Mauritius.
When did Progressive India Fund launch?
Progressive India Fund reports its first sale in Jun 2012.
Size compared with every hedge fund
Raised more than 26% of the 35 hedge funds based in Mauritius, and more than 14% of all 10,134 that report sales.