SCP Sakonnet Fund, LTD. is a hedge fund based in George Town, Grand Cayman, Cayman Islands. According to its most recent Form D, filed Feb 17, 2010, the fund has sold $177,564,304 of interests to 30 investors since its first sale in Mar 2005. The minimum investment it accepts from an outside investor is $5,000,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. Related persons named in the filing include Chris Shumway; Don Seymour; David Bree.
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
- $177,564,304Cumulative sales reported on Form D
- Investors
- 30
- First sale
- Mar 1, 2005
- Minimum investment
- $5,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Other exemption
- Key people and entities
- Chris Shumway; Don Seymour; David Bree
- Latest Form D
- Feb 17, 2010
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 SCP Sakonnet Fund, LTD.
What is the minimum investment for SCP Sakonnet Fund, LTD.?
According to its latest Form D, filed Feb 17, 2010, the minimum investment SCP Sakonnet Fund, LTD. accepts from an outside investor is $5,000,000.
Who can invest in SCP Sakonnet Fund, LTD.?
SCP Sakonnet Fund, LTD. is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7).
How much has SCP Sakonnet Fund, LTD. raised?
SCP Sakonnet Fund, LTD. reports $177,564,304 sold from 30 investors on its Form D filed Feb 17, 2010. This is cumulative sales since the offering began, not current assets or performance.
Where is SCP Sakonnet Fund, LTD. based?
SCP Sakonnet Fund, LTD. is based in George Town, Grand Cayman, Cayman Islands.
When did SCP Sakonnet Fund, LTD. launch?
SCP Sakonnet Fund, LTD. reports its first sale in Mar 2005.
Size compared with every hedge fund
Raised more than 59% of the 2,346 hedge funds based in Cayman Islands, and more than 67% of all 10,140 that report sales.