Urbane Absolute Return Fund, LLC
Urbane Absolute Return Fund, LLC is a hedge fund based in Minneapolis, Minnesota. According to its most recent Form D, filed Jan 22, 2015, the fund has sold $2,675,000 of interests to 6 investors since its first sale in Feb 2011. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Urbane Capital Management, LLC; Nikolaus Larsen.
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
- $2,675,000Cumulative sales reported on Form D
- Investors
- 6
- First sale
- Feb 1, 2011
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Urbane Capital Management, LLC; Nikolaus Larsen
- Latest Form D
- Jan 22, 2015
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 Urbane Absolute Return Fund, LLC
What is the minimum investment for Urbane Absolute Return Fund, LLC?
Urbane Absolute Return Fund, LLC's latest Form D, filed Jan 22, 2015, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Urbane Absolute Return Fund, LLC?
Urbane Absolute Return Fund, 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(b), which does not allow general advertising.
How much has Urbane Absolute Return Fund, LLC raised?
Urbane Absolute Return Fund, LLC reports $2,675,000 sold from 6 investors on its Form D filed Jan 22, 2015. This is cumulative sales since the offering began, not current assets or performance.
Where is Urbane Absolute Return Fund, LLC based?
Urbane Absolute Return Fund, LLC is based in Minneapolis, Minnesota.
When did Urbane Absolute Return Fund, LLC launch?
Urbane Absolute Return Fund, LLC reports its first sale in Feb 2011.
Size compared with every hedge fund
Raised more than 13% of the 69 hedge funds based in Minnesota, and more than 10% of all 10,127 that report sales.