Western Standard Partners LP
Western Standard Partners LP is a hedge fund based in Los Angeles, California. According to its most recent Form D, filed May 22, 2026, the fund has sold $177,038,250 of interests to 134 investors since its first sale in Oct 2008. The minimum investment it accepts from an outside investor is $250,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Western Standard, LLC; Eric Andersen.
Performance
No verified returns have been reported for this fund. As a rough guide, Western Standard, LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +8.1% 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 +32.6% (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
- $177,038,250Cumulative sales reported on Form D
- Investors
- 134
- First sale
- Oct 26, 2008
- Minimum investment
- $250,000
- 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
- Western Standard, LLC; Eric Andersen
- Latest Form D
- May 22, 2026
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 Western Standard Partners LP
What is the minimum investment for Western Standard Partners LP?
According to its latest Form D, filed May 22, 2026, the minimum investment Western Standard Partners LP accepts from an outside investor is $250,000.
Who can invest in Western Standard Partners LP?
Western Standard Partners LP 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 Western Standard Partners LP raised?
Western Standard Partners LP reports $177,038,250 sold from 134 investors on its Form D filed May 22, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Western Standard Partners LP based?
Western Standard Partners LP is based in Los Angeles, California and is managed by Western Standard, LLC.
When did Western Standard Partners LP launch?
Western Standard Partners LP reports its first sale in Oct 2008.
Size compared with every hedge fund
Raised more than 75% of the 1,060 hedge funds based in California, and more than 67% of all 10,308 that report sales.