Tri-State Trading, LLC is a hedge fund based in New York, New York. According to its most recent Form D, filed Jul 26, 2023, the fund has sold $5,000,000 of interests to 7 investors since its first sale in Dec 2017. The minimum investment it accepts from an outside investor is $50,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Lawrence Newhook; Nicole Newhook.
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
- $5,000,000Cumulative sales reported on Form D
- Investors
- 7
- First sale
- Dec 21, 2017
- Minimum investment
- $50,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Lawrence Newhook; Nicole Newhook
- Latest Form D
- Jul 26, 2023
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 Tri-State Trading, LLC
What is the minimum investment for Tri-State Trading, LLC?
According to its latest Form D, filed Jul 26, 2023, the minimum investment Tri-State Trading, LLC accepts from an outside investor is $50,000.
Who can invest in Tri-State Trading, LLC?
Tri-State Trading, 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(c), so it may advertise, but every investor must be verified as accredited.
How much has Tri-State Trading, LLC raised?
Tri-State Trading, LLC reports $5,000,000 sold from 7 investors on its Form D filed Jul 26, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Tri-State Trading, LLC based?
Tri-State Trading, LLC is based in New York, New York.
When did Tri-State Trading, LLC launch?
Tri-State Trading, LLC reports its first sale in Dec 2017.
Size compared with every hedge fund
Raised more than 18% of the 2,525 hedge funds based in New York, and more than 14% of all 10,128 that report sales.