Royce Advantage Fund LLC is a hedge fund based in New York, New York. According to its most recent Form D, filed Mar 16, 2012, the fund has sold $24,367,000 of interests to 21 investors since its first sale in Jan 1999. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. Related persons named in the filing include Daniel O'Byrne; John Diederich; Charles Royce.
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
- $24,367,000Cumulative sales reported on Form D
- Investors
- 21
- First sale
- Jan 29, 1999
- Minimum investment
- $100,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Other exemption
- Net asset value range
- $5,000,001 - $25,000,000Self-reported
- Key people and entities
- Daniel O'Byrne; John Diederich; Charles Royce
- Latest Form D
- Mar 16, 2012
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 Royce Advantage Fund LLC
What is the minimum investment for Royce Advantage Fund LLC?
According to its latest Form D, filed Mar 16, 2012, the minimum investment Royce Advantage Fund LLC accepts from an outside investor is $100,000.
Who can invest in Royce Advantage Fund LLC?
Royce Advantage Fund LLC 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).
How much has Royce Advantage Fund LLC raised?
Royce Advantage Fund LLC reports $24,367,000 sold from 21 investors on its Form D filed Mar 16, 2012. This is cumulative sales since the offering began, not current assets or performance.
Where is Royce Advantage Fund LLC based?
Royce Advantage Fund LLC is based in New York, New York.
When did Royce Advantage Fund LLC launch?
Royce Advantage Fund LLC reports its first sale in Jan 1999.
Size compared with every hedge fund
Raised more than 33% of the 2,527 hedge funds based in New York, and more than 33% of all 10,134 that report sales.