Adapt Fund, LP is a hedge fund based in Newark, Delaware. According to its most recent Form D, filed Nov 6, 2025, the fund has sold $4,464,314 of interests to 24 investors since its first sale in Nov 2024. The minimum investment it accepts from an outside investor is $300,000. 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 Ryan Moffett; Wayne Klump.
Performance
No verified returns have been reported for this fund. As a rough guide, Adapt Investment Managers SA, which manages it, disclosed U.S. stock holdings that returned an estimated +9.4% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q1 2025 to Q2 2026, the estimate is +53.2% (S&P 500: +27.4%).
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
- $4,464,314Cumulative sales reported on Form D
- Investors
- 24
- First sale
- Nov 18, 2024
- Minimum investment
- $300,000
- 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
- Ryan Moffett; Wayne Klump
- Latest Form D
- Nov 6, 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 Adapt Fund, LP
What is the minimum investment for Adapt Fund, LP?
According to its latest Form D, filed Nov 6, 2025, the minimum investment Adapt Fund, LP accepts from an outside investor is $300,000.
Who can invest in Adapt Fund, LP?
Adapt 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 Adapt Fund, LP raised?
Adapt Fund, LP reports $4,464,314 sold from 24 investors on its Form D filed Nov 6, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Adapt Fund, LP based?
Adapt Fund, LP is based in Newark, Delaware and is managed by Adapt Investment Managers SA.
When did Adapt Fund, LP launch?
Adapt Fund, LP reports its first sale in Nov 2024, 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 38% of the 190 hedge funds based in Delaware, and more than 14% of all 10,308 that report sales.