Audacity Fund, L.P.
Audacity Fund, L.P. is a hedge fund based in New York, New York. According to its most recent Form D, filed Mar 20, 2026, the fund has sold $14,561,817 of interests to 27 investors since its first sale in Apr 2020. The filing does not set a minimum investment. 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 Patton Fund Management, Inc; Mark Patton.
Performance
No verified returns have been reported for this fund. As a rough guide, Patton Wealth Advisors, which manages it, disclosed U.S. stock holdings that returned an estimated +19.9% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +44.0% (S&P 500: +37.2%).
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
- $14,561,817Cumulative sales reported on Form D
- Investors
- 27
- First sale
- Apr 1, 2020
- Minimum investment
- None set
- 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
- Patton Fund Management, Inc; Mark Patton
- Latest Form D
- Mar 20, 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 Audacity Fund, L.P.
What is the minimum investment for Audacity Fund, L.P.?
Audacity Fund, L.P.'s latest Form D, filed Mar 20, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Audacity Fund, L.P.?
Audacity Fund, 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 Audacity Fund, L.P. raised?
Audacity Fund, L.P. reports $14,561,817 sold from 27 investors on its Form D filed Mar 20, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Audacity Fund, L.P. based?
Audacity Fund, L.P. is based in New York, New York and is managed by Patton Wealth Advisors.
When did Audacity Fund, L.P. launch?
Audacity Fund, L.P. reports its first sale in Apr 2020.
Size compared with every hedge fund
Raised more than 27% of the 2,544 hedge funds based in New York, and more than 25% of all 10,308 that report sales.