AltMountain

Sandler Associates

New York, NY · CIK 1270057 · Managed by Sandler Capital Management

Sandler Associates is a hedge fund based in New York, New York. According to its most recent Form D, filed May 12, 2026, the fund has sold $442,559,243 of interests to 150 investors since its first sale in Mar 1992. The minimum investment it accepts from an outside investor is $1,000,000. 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 Des SA LLC; Ams SA LLC; Sandler Associates GP, LLC.

Performance

13F estimate · public data only

No returns have been reported for this fund. As a rough guide, Sandler Capital Management, which manages it, disclosed U.S. stock holdings that returned an estimated +28.1% 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 +62.3% (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.

Is this your fund? Report your monthly returns · How performance works

Total raised
$442,559,243Cumulative sales reported on Form D
Investors
150
First sale
Mar 9, 1992
Minimum investment
$1,000,000
Who can invest
Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption
Rule 506(b)No general advertising
Key people and entities
Des SA LLC; Ams SA LLC; Sandler Associates GP, LLC
Latest Form D
May 12, 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 Sandler Associates

What is the minimum investment for Sandler Associates?

According to its latest Form D, filed May 12, 2026, the minimum investment Sandler Associates accepts from an outside investor is $1,000,000.

Who can invest in Sandler Associates?

Sandler Associates 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 Sandler Associates raised?

Sandler Associates reports $442,559,243 sold from 150 investors on its Form D filed May 12, 2026. This is cumulative sales since the offering began, not current assets or performance.

Where is Sandler Associates based?

Sandler Associates is based in New York, New York and is managed by Sandler Capital Management.

When did Sandler Associates launch?

Sandler Associates reports its first sale in Mar 1992.

Size compared with every hedge fund

Raised more than 78% of the 2,525 hedge funds based in New York, and more than 80% of all 10,129 that report sales.

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