Prophet Advantage Partners LP is a private investment fund based in Austin, Texas. According to its most recent Form D, filed Nov 25, 2019, it has sold $1,500,000 of interests to 1 investor since its first sale in Nov 2019. 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 Prophet Advantage Partners GP LLC; Kurt Rechner; Robert Epstein.
- Total raised
- $1,500,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Nov 1, 2019
- 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
- Prophet Advantage Partners GP LLC; Kurt Rechner; Robert Epstein
- Latest Form D
- Nov 25, 2019
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 Prophet Advantage Partners LP
What is the minimum investment for Prophet Advantage Partners LP?
According to its latest Form D, filed Nov 25, 2019, the minimum investment Prophet Advantage Partners LP accepts from an outside investor is $250,000.
Who can invest in Prophet Advantage Partners LP?
Prophet Advantage Partners LP 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 Prophet Advantage Partners LP raised?
Prophet Advantage Partners LP reports $1,500,000 sold from 1 investor on its Form D filed Nov 25, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is Prophet Advantage Partners LP based?
Prophet Advantage Partners LP is based in Austin, Texas.
When did Prophet Advantage Partners LP launch?
Prophet Advantage Partners LP reports its first sale in Nov 2019.
Size compared with every private investment fund
Raised more than 38% of the 879 private investment funds based in Texas, and more than 18% of all 10,333 that report sales.