Punch Card Capital, L.P.
Punch Card Capital, L.P. is a hedge fund based in Winter Park, Florida. According to its most recent Form D, filed Aug 26, 2026, the fund has sold $272,162,300 of interests to 33 investors since its first sale in Jun 2004. The minimum investment it accepts from an outside investor is $3,000,000. 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 Punch Card Capital LLC; Punch Card Management LP; Norbert Lou.
Performance
No verified 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
- $272,162,300Cumulative sales reported on Form D
- Investors
- 33
- First sale
- Jun 1, 2004
- Minimum investment
- $3,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Punch Card Capital LLC; Punch Card Management LP; Norbert Lou
- Latest Form D
- Aug 26, 2026
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 Punch Card Capital, L.P.
What is the minimum investment for Punch Card Capital, L.P.?
According to its latest Form D, filed Aug 26, 2026, the minimum investment Punch Card Capital, L.P. accepts from an outside investor is $3,000,000.
Who can invest in Punch Card Capital, L.P.?
Punch Card Capital, L.P. 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 Punch Card Capital, L.P. raised?
Punch Card Capital, L.P. reports $272,162,300 sold from 33 investors on its Form D filed Aug 26, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Punch Card Capital, L.P. based?
Punch Card Capital, L.P. is based in Winter Park, Florida and is managed by Punch Card Management.
When did Punch Card Capital, L.P. launch?
Punch Card Capital, L.P. reports its first sale in Jun 2004.
Size compared with every hedge fund
Raised more than 88% of the 750 hedge funds based in Florida, and more than 74% of all 10,308 that report sales.