SPI Hedge, L.P. is a hedge fund based in Summit, New Jersey. According to its most recent Form D, filed Mar 20, 2015, the fund has sold $30,559,042 of interests to 28 investors since its first sale in Jan 1996. 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 Ronald Karp; Summit Private Investments, Inc; Jeffrey Karp.
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
- $30,559,042Cumulative sales reported on Form D
- Investors
- 28
- First sale
- Jan 1, 1996
- 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
- Key people and entities
- Ronald Karp; Summit Private Investments, Inc; Jeffrey Karp
- Latest Form D
- Mar 20, 2015
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 SPI Hedge, L.P.
What is the minimum investment for SPI Hedge, L.P.?
According to its latest Form D, filed Mar 20, 2015, the minimum investment SPI Hedge, L.P. accepts from an outside investor is $500,000.
Who can invest in SPI Hedge, L.P.?
SPI Hedge, L.P. 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 SPI Hedge, L.P. raised?
SPI Hedge, L.P. reports $30,559,042 sold from 28 investors on its Form D filed Mar 20, 2015. This is cumulative sales since the offering began, not current assets or performance.
Where is SPI Hedge, L.P. based?
SPI Hedge, L.P. is based in Summit, New Jersey.
When did SPI Hedge, L.P. launch?
SPI Hedge, L.P. reports its first sale in Jan 1996.
Size compared with every hedge fund
Raised more than 60% of the 213 hedge funds based in New Jersey, and more than 38% of all 10,134 that report sales.