Readystate F10 I LP is a hedge fund based in Chicago, Illinois. According to its most recent Form D, filed Jan 27, 2025, the fund has sold $17,875,000 of interests to 8 investors since its first sale in Jan 2025. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Shellane Mulcahy; David Grossman; Readystate Asset Management, LP.
Performance
No verified returns have been reported for this fund. As a rough guide, Readystate Asset Management, which manages it, disclosed U.S. stock holdings that returned an estimated +2.9% 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 +22.7% (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
- $17,875,000Cumulative sales reported on Form D
- Investors
- 8
- First sale
- Jan 10, 2025
- 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
- Shellane Mulcahy; David Grossman; Readystate Asset Management, LP
- Latest Form D
- Jan 27, 2025
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 Readystate F10 I LP
What is the minimum investment for Readystate F10 I LP?
According to its latest Form D, filed Jan 27, 2025, the minimum investment Readystate F10 I LP accepts from an outside investor is $250,000.
Who can invest in Readystate F10 I LP?
Readystate F10 I 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 Readystate F10 I LP raised?
Readystate F10 I LP reports $17,875,000 sold from 8 investors on its Form D filed Jan 27, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Readystate F10 I LP based?
Readystate F10 I LP is based in Chicago, Illinois and is managed by Readystate Asset Management.
When did Readystate F10 I LP launch?
Readystate F10 I LP reports its first sale in Jan 2025, 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 43% of the 323 hedge funds based in Illinois, and more than 28% of all 10,308 that report sales.