AltMountain

AFR Value Partners, L.P.

Cambridge, MA · CIK 1495097 · Managed by Applied Fundamental Research, LLC

AFR Value Partners, L.P. is a hedge fund based in Cambridge, Massachusetts. According to its most recent Form D, filed Aug 4, 2026, the fund has sold $9,550,000 of interests to 11 investors since its first sale in Aug 2010. 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. Related persons named in the filing include Applied Fundamental Research, LLC; Afr Vp GP, LLC.

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
$9,550,000Cumulative sales reported on Form D
Investors
11
First sale
Aug 2, 2010
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
Key people and entities
Applied Fundamental Research, LLC; Afr Vp GP, LLC
Latest Form D
Aug 4, 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 AFR Value Partners, L.P.

What is the minimum investment for AFR Value Partners, L.P.?

According to its latest Form D, filed Aug 4, 2026, the minimum investment AFR Value Partners, L.P. accepts from an outside investor is $500,000.

Who can invest in AFR Value Partners, L.P.?

AFR Value Partners, L.P. 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 AFR Value Partners, L.P. raised?

AFR Value Partners, L.P. reports $9,550,000 sold from 11 investors on its Form D filed Aug 4, 2026. This is cumulative sales since the offering began, not current assets or performance.

Where is AFR Value Partners, L.P. based?

AFR Value Partners, L.P. is based in Cambridge, Massachusetts and is managed by Applied Fundamental Research, LLC.

When did AFR Value Partners, L.P. launch?

AFR Value Partners, L.P. reports its first sale in Aug 2010.

Size compared with every hedge fund

Raised more than 15% of the 474 hedge funds based in Massachusetts, and more than 20% of all 10,308 that report sales.

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