Xapphire Fund, LLC is a hedge fund based in Dover, Delaware. According to its most recent Form D, filed Apr 15, 2019, the fund has sold $1,000,000 of interests to 2 investors since its first sale in Apr 2019. The minimum investment it accepts from an outside investor is $25,000. 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 Kay Yang; Cheng Xiong.
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
- $1,000,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Apr 5, 2019
- Minimum investment
- $25,000
- 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
- Kay Yang; Cheng Xiong
- Latest Form D
- Apr 15, 2019
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 Xapphire Fund, LLC
What is the minimum investment for Xapphire Fund, LLC?
According to its latest Form D, filed Apr 15, 2019, the minimum investment Xapphire Fund, LLC accepts from an outside investor is $25,000.
Who can invest in Xapphire Fund, LLC?
Xapphire 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 Xapphire Fund, LLC raised?
Xapphire Fund, LLC reports $1,000,000 sold from 2 investors on its Form D filed Apr 15, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is Xapphire Fund, LLC based?
Xapphire Fund, LLC is based in Dover, Delaware.
When did Xapphire Fund, LLC launch?
Xapphire Fund, LLC reports its first sale in Apr 2019.
Size compared with every hedge fund
Raised more than 28% of the 187 hedge funds based in Delaware, and more than 5% of all 10,140 that report sales.