Summit Relative Value LLC is a hedge fund based in Miami, Florida. According to its most recent Form D, filed Aug 3, 2016, the fund has sold $10,000,000 of interests to 3 investors since its first sale in Feb 2014. 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 Ilya Kaminsky; Summit Financial Management, LLC; Evgeniy Garbovskiy.
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
- $10,000,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Feb 18, 2014
- 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
- Ilya Kaminsky; Summit Financial Management, LLC; Evgeniy Garbovskiy
- Latest Form D
- Aug 3, 2016
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 Summit Relative Value LLC
What is the minimum investment for Summit Relative Value LLC?
According to its latest Form D, filed Aug 3, 2016, the minimum investment Summit Relative Value LLC accepts from an outside investor is $500,000.
Who can invest in Summit Relative Value LLC?
Summit Relative Value LLC 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 Summit Relative Value LLC raised?
Summit Relative Value LLC reports $10,000,000 sold from 3 investors on its Form D filed Aug 3, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is Summit Relative Value LLC based?
Summit Relative Value LLC is based in Miami, Florida.
When did Summit Relative Value LLC launch?
Summit Relative Value LLC reports its first sale in Feb 2014.
Size compared with every hedge fund
Raised more than 46% of the 742 hedge funds based in Florida, and more than 21% of all 10,119 that report sales.