3Summit Full Cycle Fund LP is a hedge fund based in Vienna, Virginia. According to its most recent Form D, filed Jan 23, 2025, the fund has sold $775,000 of interests to 1 investor since its first sale in Dec 2022. The minimum investment it accepts from an outside investor is $500,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Garrett Phillips; Daniel Irvine.
Performance
No verified 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
- $775,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Dec 7, 2022
- Minimum investment
- $500,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Net asset value range
- $1 - $5,000,000Self-reported
- Key people and entities
- Garrett Phillips; Daniel Irvine
- Latest Form D
- Jan 23, 2025
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 3Summit Full Cycle Fund LP
What is the minimum investment for 3Summit Full Cycle Fund LP?
According to its latest Form D, filed Jan 23, 2025, the minimum investment 3Summit Full Cycle Fund LP accepts from an outside investor is $500,000.
Who can invest in 3Summit Full Cycle Fund LP?
3Summit Full Cycle Fund 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 3Summit Full Cycle Fund LP raised?
3Summit Full Cycle Fund LP reports $775,000 sold from 1 investor on its Form D filed Jan 23, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is 3Summit Full Cycle Fund LP based?
3Summit Full Cycle Fund LP is based in Vienna, Virginia.
When did 3Summit Full Cycle Fund LP launch?
3Summit Full Cycle Fund LP reports its first sale in Dec 2022, 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 11% of the 102 hedge funds based in Virginia, and more than 5% of all 10,308 that report sales.