AltMountain

Tenacis Systematic Macro Fund, LLC

New York, NY · CIK 1727987
Status: no Form D since Jan 2019. Funds file a Form D when they begin selling and amend it each year while the offering continues, so this fund has most likely stopped raising money. It may still be investing, or it may have closed or been dissolved. The details below are from its latest filing, kept here as a record.

Tenacis Systematic Macro Fund, LLC is a hedge fund based in New York, New York. According to its most recent Form D, filed Jan 11, 2019, the fund has sold $226,865,000 of interests to 10 investors since its first sale in Jul 2017. 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 Sergei Nodelman; Leucadia Asset Management LLC; Miguel Bilbao.

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
$226,865,000Cumulative sales reported on Form D
Investors
10
First sale
Jul 1, 2017
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
Sergei Nodelman; Leucadia Asset Management LLC; Miguel Bilbao
Latest Form D
Jan 11, 2019

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 Tenacis Systematic Macro Fund, LLC

What is the minimum investment for Tenacis Systematic Macro Fund, LLC?

Tenacis Systematic Macro Fund, LLC's latest Form D, filed Jan 11, 2019, does not set a minimum investment. Managers can still require one in the offering documents.

Who can invest in Tenacis Systematic Macro Fund, LLC?

Tenacis Systematic Macro Fund, LLC 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 Tenacis Systematic Macro Fund, LLC raised?

Tenacis Systematic Macro Fund, LLC reports $226,865,000 sold from 10 investors on its Form D filed Jan 11, 2019. This is cumulative sales since the offering began, not current assets or performance.

Where is Tenacis Systematic Macro Fund, LLC based?

Tenacis Systematic Macro Fund, LLC is based in New York, New York.

When did Tenacis Systematic Macro Fund, LLC launch?

Tenacis Systematic Macro Fund, LLC reports its first sale in Jul 2017.

Size compared with every hedge fund

Raised more than 68% of the 2,528 hedge funds based in New York, and more than 71% of all 10,139 that report sales.

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