340 Capital Fund, LP is a hedge fund based in Smith Bay, Virgin Islands, U.S.. According to its most recent Form D, filed Aug 10, 2026, the fund has sold $16,100,000 of interests to 4 investors since its first sale in Mar 2026. The minimum investment it accepts from an outside investor is $10,000,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Shawn Sheehan; 340 Energy, LLC; 340 Worldwide, LLP.
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
- $16,100,000Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Mar 5, 2026
- Minimum investment
- $10,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Shawn Sheehan; 340 Energy, LLC; 340 Worldwide, LLP
- Latest Form D
- Aug 10, 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 340 Capital Fund, LP
What is the minimum investment for 340 Capital Fund, LP?
According to its latest Form D, filed Aug 10, 2026, the minimum investment 340 Capital Fund, LP accepts from an outside investor is $10,000,000.
Who can invest in 340 Capital Fund, LP?
340 Capital Fund, LP 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 340 Capital Fund, LP raised?
340 Capital Fund, LP reports $16,100,000 sold from 4 investors on its Form D filed Aug 10, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is 340 Capital Fund, LP based?
340 Capital Fund, LP is based in Smith Bay, Virgin Islands, U.S..
When did 340 Capital Fund, LP launch?
340 Capital Fund, LP reports its first sale in Mar 2026, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 50% of the 2 hedge funds based in Virgin Islands, U.S., and more than 27% of all 10,309 that report sales.