Spartan Fund, LP is a hedge fund based in Charlotte, North Carolina. According to its most recent Form D, filed Dec 22, 2014, the fund has sold $27,122,600 of interests to 12 investors since its first sale in Jan 2010. The minimum investment it accepts from an outside investor is $500,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Ben Rudisill III; Robert Hewett, Jr.
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
- $27,122,600Cumulative sales reported on Form D
- Investors
- 12
- First sale
- Jan 4, 2010
- Minimum investment
- $500,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Net asset value range
- $25,000,001 - $50,000,000Self-reported
- Key people and entities
- Ben Rudisill III; Robert Hewett, Jr
- Latest Form D
- Dec 22, 2014
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 Spartan Fund, LP
What is the minimum investment for Spartan Fund, LP?
According to its latest Form D, filed Dec 22, 2014, the minimum investment Spartan Fund, LP accepts from an outside investor is $500,000.
Who can invest in Spartan Fund, LP?
Spartan Fund, LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Spartan Fund, LP raised?
Spartan Fund, LP reports $27,122,600 sold from 12 investors on its Form D filed Dec 22, 2014. This is cumulative sales since the offering began, not current assets or performance.
Where is Spartan Fund, LP based?
Spartan Fund, LP is based in Charlotte, North Carolina.
When did Spartan Fund, LP launch?
Spartan Fund, LP reports its first sale in Jan 2010.
Size compared with every hedge fund
Raised more than 60% of the 75 hedge funds based in North Carolina, and more than 35% of all 10,134 that report sales.