AltMountain

Tessera Ionic, LP

San Francisco, CA · CIK 1747305
Status: no Form D since Dec 2020. 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.

Tessera Ionic, LP is a hedge fund based in San Francisco, California. According to its most recent Form D, filed Dec 1, 2020, the fund has sold $450,000,000 of interests to 1 investor since its first sale in Jul 2018. The minimum investment it accepts from an outside investor is $5,000,000. 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 BART Partners IX, LLC; Andrew Raab; Bob Peck.

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
$450,000,000Cumulative sales reported on Form D
Investors
1
First sale
Jul 9, 2018
Minimum investment
$5,000,000
Who can invest
Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption
Rule 506(b)No general advertising
Key people and entities
BART Partners IX, LLC; Andrew Raab; Bob Peck
Latest Form D
Dec 1, 2020

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 Tessera Ionic, LP

What is the minimum investment for Tessera Ionic, LP?

According to its latest Form D, filed Dec 1, 2020, the minimum investment Tessera Ionic, LP accepts from an outside investor is $5,000,000.

Who can invest in Tessera Ionic, LP?

Tessera Ionic, 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 Tessera Ionic, LP raised?

Tessera Ionic, LP reports $450,000,000 sold from 1 investor on its Form D filed Dec 1, 2020. This is cumulative sales since the offering began, not current assets or performance.

Where is Tessera Ionic, LP based?

Tessera Ionic, LP is based in San Francisco, California.

When did Tessera Ionic, LP launch?

Tessera Ionic, LP reports its first sale in Jul 2018.

Size compared with every hedge fund

Raised more than 85% of the 1,048 hedge funds based in California, and more than 80% of all 10,118 that report sales.

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