Terrapin Select, LP is a hedge fund based in New York, New York. According to its most recent Form D, filed Jun 30, 2014, the fund has sold $34,135,000 of interests to 31 investors since its first sale in Jan 2011. The minimum investment it accepts from an outside investor is $1,000,000. 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 Dean Rubino; Terrapin Asset Management, LLC; Nathan Leight.
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
- $34,135,000Cumulative sales reported on Form D
- Investors
- 31
- First sale
- Jan 1, 2011
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Dean Rubino; Terrapin Asset Management, LLC; Nathan Leight
- Latest Form D
- Jun 30, 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 Terrapin Select, LP
What is the minimum investment for Terrapin Select, LP?
According to its latest Form D, filed Jun 30, 2014, the minimum investment Terrapin Select, LP accepts from an outside investor is $1,000,000.
Who can invest in Terrapin Select, LP?
Terrapin Select, LP 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 Terrapin Select, LP raised?
Terrapin Select, LP reports $34,135,000 sold from 31 investors on its Form D filed Jun 30, 2014. This is cumulative sales since the offering began, not current assets or performance.
Where is Terrapin Select, LP based?
Terrapin Select, LP is based in New York, New York.
When did Terrapin Select, LP launch?
Terrapin Select, LP reports its first sale in Jan 2011.
Size compared with every hedge fund
Raised more than 38% of the 2,525 hedge funds based in New York, and more than 39% of all 10,129 that report sales.