Squadron Fund LP is a hedge fund based in Westmont, Illinois. According to its most recent Form D, filed Dec 30, 2024, the fund has sold $8,145,204 of interests to 21 investors since its first sale in Aug 2023. The minimum investment it accepts from an outside investor is $250,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Squadron Partners LLC; Squadron Capital Management LLC; Matthew Sesterhenn.
Performance
No verified 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
- $8,145,204Cumulative sales reported on Form D
- Investors
- 21
- First sale
- Aug 1, 2023
- Minimum investment
- $250,000
- 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
- Squadron Partners LLC; Squadron Capital Management LLC; Matthew Sesterhenn
- Latest Form D
- Dec 30, 2024
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 Squadron Fund LP
What is the minimum investment for Squadron Fund LP?
According to its latest Form D, filed Dec 30, 2024, the minimum investment Squadron Fund LP accepts from an outside investor is $250,000.
Who can invest in Squadron Fund LP?
Squadron 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 Squadron Fund LP raised?
Squadron Fund LP reports $8,145,204 sold from 21 investors on its Form D filed Dec 30, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Squadron Fund LP based?
Squadron Fund LP is based in Westmont, Illinois and is managed by Squadron Capital Management LLC.
When did Squadron Fund LP launch?
Squadron Fund LP reports its first sale in Aug 2023, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 33% of the 323 hedge funds based in Illinois, and more than 19% of all 10,308 that report sales.