SC Absolute Return Fund, LLC is a hedge fund based in Chicago, Illinois. According to its most recent Form D, filed Oct 18, 2021, the fund has sold $201,995,627 of interests to 1 investor since its first sale in Dec 2011. The filing does not set a minimum investment. 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 Grosvenor Capital Management, L.P. ("Grosvenor; Paul Meister; Michael Sacks.
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
- $201,995,627Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Dec 1, 2011
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Grosvenor Capital Management, L.P. ("Grosvenor; Paul Meister; Michael Sacks
- Latest Form D
- Oct 18, 2021
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 SC Absolute Return Fund, LLC
What is the minimum investment for SC Absolute Return Fund, LLC?
SC Absolute Return Fund, LLC's latest Form D, filed Oct 18, 2021, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in SC Absolute Return Fund, LLC?
SC Absolute Return Fund, LLC 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 SC Absolute Return Fund, LLC raised?
SC Absolute Return Fund, LLC reports $201,995,627 sold from 1 investor on its Form D filed Oct 18, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is SC Absolute Return Fund, LLC based?
SC Absolute Return Fund, LLC is based in Chicago, Illinois.
When did SC Absolute Return Fund, LLC launch?
SC Absolute Return Fund, LLC reports its first sale in Dec 2011.
Size compared with every hedge fund
Raised more than 81% of the 318 hedge funds based in Illinois, and more than 69% of all 10,128 that report sales.