Situational Awareness Partners LP
Situational Awareness Partners LP is a hedge fund based in San Francisco, California. According to its most recent Form D, filed Sep 14, 2026, the fund has sold $4,346,004,027 of interests to 135 investors since its first sale in Nov 2024. 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. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Kimberly Summe; Saf AI GP LLC; Saf AI GP LP.
Performance
No verified returns have been reported for this fund. As a rough guide, Situational Awareness LP, which manages it, disclosed U.S. stock holdings that returned an estimated +188.2% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q1 2025 to Q2 2026, the estimate is +277.3% (S&P 500: +27.4%).
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
- $4,346,004,027Cumulative sales reported on Form D
- Investors
- 135
- First sale
- Nov 1, 2024
- Minimum investment
- $5,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Kimberly Summe; Saf AI GP LLC; Saf AI GP LP
- Latest Form D
- Sep 14, 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 Situational Awareness Partners LP
What is the minimum investment for Situational Awareness Partners LP?
According to its latest Form D, filed Sep 14, 2026, the minimum investment Situational Awareness Partners LP accepts from an outside investor is $5,000,000.
Who can invest in Situational Awareness Partners LP?
Situational Awareness Partners 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 Situational Awareness Partners LP raised?
Situational Awareness Partners LP reports $4,346,004,027 sold from 135 investors on its Form D filed Sep 14, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Situational Awareness Partners LP based?
Situational Awareness Partners LP is based in San Francisco, California and is managed by Situational Awareness LP.
When did Situational Awareness Partners LP launch?
Situational Awareness Partners LP reports its first sale in Nov 2024.
Size compared with every hedge fund
Raised more than 99% of the 1,060 hedge funds based in California, and more than 98% of all 10,308 that report sales.