Sparrow Partners, LP is a hedge fund based in New York, New York. According to its most recent Form D, filed Feb 1, 2018, the fund has sold $69,520,713 of interests to 10 investors since its first sale in Apr 2016. 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 Sparrow Fund Performance, LLC; Sparrow GP, LLC; Sparrow Fund Management, LP.
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
- $69,520,713Cumulative sales reported on Form D
- Investors
- 10
- First sale
- Apr 1, 2016
- 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
- Sparrow Fund Performance, LLC; Sparrow GP, LLC; Sparrow Fund Management, LP
- Latest Form D
- Feb 1, 2018
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 Sparrow Partners, LP
What is the minimum investment for Sparrow Partners, LP?
Sparrow Partners, LP's latest Form D, filed Feb 1, 2018, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Sparrow Partners, LP?
Sparrow 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 Sparrow Partners, LP raised?
Sparrow Partners, LP reports $69,520,713 sold from 10 investors on its Form D filed Feb 1, 2018. This is cumulative sales since the offering began, not current assets or performance.
Where is Sparrow Partners, LP based?
Sparrow Partners, LP is based in New York, New York.
When did Sparrow Partners, LP launch?
Sparrow Partners, LP reports its first sale in Apr 2016.
Size compared with every hedge fund
Raised more than 48% of the 2,525 hedge funds based in New York, and more than 52% of all 10,129 that report sales.