Tonga Partners L P
Tonga Partners L P is a hedge fund based in Alta, Wyoming. According to its most recent Form D, filed Oct 4, 2024, the fund has sold $330,334,430 of interests to 200 investors since its first sale in Jul 1992. The minimum investment it accepts from an outside investor is $1,000,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. Related persons named in the filing include J. Cannell; Cannell Capital LLC.
Performance
No verified returns have been reported for this fund. As a rough guide, Cannell Capital LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +1.6% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +23.7% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $330,334,430Cumulative sales reported on Form D
- Investors
- 200
- First sale
- Jul 1, 1992
- Minimum investment
- $1,000,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Other exemption
- Key people and entities
- J. Cannell; Cannell Capital LLC
- Latest Form D
- Oct 4, 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 Tonga Partners L P
What is the minimum investment for Tonga Partners L P?
According to its latest Form D, filed Oct 4, 2024, the minimum investment Tonga Partners L P accepts from an outside investor is $1,000,000.
Who can invest in Tonga Partners L P?
Tonga Partners L P 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).
How much has Tonga Partners L P raised?
Tonga Partners L P reports $330,334,430 sold from 200 investors on its Form D filed Oct 4, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Tonga Partners L P based?
Tonga Partners L P is based in Alta, Wyoming and is managed by Cannell Capital LLC.
When did Tonga Partners L P launch?
Tonga Partners L P reports its first sale in Jul 1992.
Size compared with every hedge fund
Raised more than 95% of the 41 hedge funds based in Wyoming, and more than 77% of all 10,308 that report sales.