Rail-Splitter Fund, Ltd. is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Apr 1, 2016, the fund has sold $23,600,000 of interests to 2 investors since its first sale in Apr 2010. The minimum investment it accepts from an outside investor is $1,000,000. 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. Related persons named in the filing include Rail-Splitter Capital Management, LLC; Richard Fradin; John Souter.
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
- $23,600,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Apr 1, 2010
- Minimum investment
- $1,000,000
- 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
- Rail-Splitter Capital Management, LLC; Richard Fradin; John Souter
- Latest Form D
- Apr 1, 2016
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 Rail-Splitter Fund, Ltd.
What is the minimum investment for Rail-Splitter Fund, Ltd.?
According to its latest Form D, filed Apr 1, 2016, the minimum investment Rail-Splitter Fund, Ltd. accepts from an outside investor is $1,000,000.
Who can invest in Rail-Splitter Fund, Ltd.?
Rail-Splitter Fund, Ltd. 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 Rail-Splitter Fund, Ltd. raised?
Rail-Splitter Fund, Ltd. reports $23,600,000 sold from 2 investors on its Form D filed Apr 1, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is Rail-Splitter Fund, Ltd. based?
Rail-Splitter Fund, Ltd. is based in Grand Cayman, Cayman Islands.
When did Rail-Splitter Fund, Ltd. launch?
Rail-Splitter Fund, Ltd. reports its first sale in Apr 2010.
Size compared with every hedge fund
Raised more than 29% of the 2,344 hedge funds based in Cayman Islands, and more than 32% of all 10,134 that report sales.