AltMountain

Emerging hedge fund managers in Maryland

20 emerging hedge funds in Maryland: first sale in 2021 or later and under $50 million raised, largest first.
Fund
First sale
Raised
Investors
Minimum
YTD performance
Runa Digital Partners, LP
Annapolis, MDEmerging
First saleSep 2021
Raised$42.9M
Investors27
MinimumNone set
YTD performanceNot reported
Bireme Capital Fundamental Value Master Fund, LP
Rockville, MDEmerging
First saleNov 2024
Raised$41.5M
Investors12
MinimumNone set
YTD performanceNot reported
ChainStreet Partners LP
Rockville, MDEmerging
First saleSep 2023
Raised$40.7M
Investors10
Minimum$250K
YTD performanceNot reported
Expect Equity Offshore Fund II LP
Pikesville, MDEmerging506(c)
First saleNov 2025
Raised$40.0M
Investors1
Minimum$100K
YTD performance+20.2%13F est. YTD · thru Q2 2026
Ashwood 2023 Private Investment III - AR
Baltimore, MDEmerging
First saleMar 2023
Raised$31.1M
Investors76
Minimum$2K
YTD performanceNot reported
Pennington Alternative Income Fund, LP
Bethesda, MDEmerging
First saleApr 2021
Raised$28.7M
Investors35
Minimum$1.0M
YTD performance+7.3%13F est. YTD · thru Q2 2026
Expect Equity Onshore Fund LP
Pikesville, MDEmerging506(c)
First saleOct 2023
Raised$24.6M
Investors12
MinimumNone set
YTD performance+20.2%13F est. YTD · thru Q2 2026
Independent Access Partners Equity Market Neutral Fund, LLC
Hunt Valley, MDEmerging
First saleSep 2022
Raised$15.9M
Investors68
Minimum$100K
YTD performanceNot reported
Ashwood 2025 Private Investment I - Venture Guides II
Baltimore, MDEmerging
First saleFeb 2025
Raised$15.5M
Investors23
Minimum$25K
YTD performanceNot reported
Expect Equity Onshore Fund II LP
Pikesville, MDEmerging506(c)
First saleNov 2025
Raised$10.8M
Investors5
MinimumNone set
YTD performance+20.2%13F est. YTD · thru Q2 2026
BonHope Fund LP
North Bethesda, MDEmerging
First saleApr 2024
Raised$7.8M
Investors45
Minimum$100K
YTD performanceNot reported
Ashwood 2025 Global Equity I - Stellar
Baltimore, MDEmerging
First saleJul 2025
Raised$5.7M
Investors8
Minimum$25K
YTD performanceNot reported
SCM Stocks Plus Fund, LP
Baltimore, MDEmerging
First saleNov 2023
Raised$5.7M
Investors17
MinimumNone set
YTD performanceNot reported
Ashwood 2025 Private Investment II - Fleetio
Baltimore, MDEmerging
First saleMar 2025
Raised$5.2M
Investors21
Minimum$5K
YTD performanceNot reported
Bancroft Capital Partners LP
Baltimore, MDEmerging
First saleJan 2021
Raised$3.3M
Investors13
Minimum$250K
YTD performanceNot reported
Alpha DNA Equity Market Neutral Fund, LP
Columbia, MDEmerging
First saleFeb 2024
Raised$2.5M
Investors7
Minimum$250K
YTD performanceNot reported
Warwick Broad Asset, LP
Easton, MDEmerging
First saleApr 2025
Raised$1.4M
Investors6
MinimumNone set
YTD performanceNot reported
Signals Matter Partners, LP
Bethesda, MDEmerging506(c)
First saleApr 2024
Raised$1.0M
Investors3
Minimum$250K
YTD performanceNot reported
Runa Digital Opportunities Fund, LP
Annapolis, MDEmerging
First saleJul 2024
Raised$785K
Investors3
Minimum$100K
YTD performanceNot reported
Coram Master Fund LP
Bethesda, MDEmerging
First saleDec 2025
Raised$300K
Investors2
Minimum$250K
YTD performanceNot reported

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