Veritable LB Partners, L.P.
Veritable LB Partners, L.P. is a hedge fund based in Newtown Square, Pennsylvania. According to its most recent Form D, filed Mar 8, 2017, the fund has sold $29,487,810 of interests to 52 investors since its first sale in Jul 2014. 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 Dennis Ersin; Michael Stolper; Timothy Alles.
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
- $29,487,810Cumulative sales reported on Form D
- Investors
- 52
- First sale
- Jul 1, 2014
- 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
- Dennis Ersin; Michael Stolper; Timothy Alles
- Latest Form D
- Mar 8, 2017
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 Veritable LB Partners, L.P.
What is the minimum investment for Veritable LB Partners, L.P.?
According to its latest Form D, filed Mar 8, 2017, the minimum investment Veritable LB Partners, L.P. accepts from an outside investor is $1,000,000.
Who can invest in Veritable LB Partners, L.P.?
Veritable LB Partners, L.P. 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 Veritable LB Partners, L.P. raised?
Veritable LB Partners, L.P. reports $29,487,810 sold from 52 investors on its Form D filed Mar 8, 2017. This is cumulative sales since the offering began, not current assets or performance.
Where is Veritable LB Partners, L.P. based?
Veritable LB Partners, L.P. is based in Newtown Square, Pennsylvania.
When did Veritable LB Partners, L.P. launch?
Veritable LB Partners, L.P. reports its first sale in Jul 2014.
Size compared with every hedge fund
Raised more than 52% of the 139 hedge funds based in Pennsylvania, and more than 37% of all 10,143 that report sales.