Bluegrass Equity Fund, LP
Bluegrass Equity Fund, LP is a hedge fund based in Palm Beach, Florida. According to its most recent Form D, filed Jul 23, 2026, the fund has sold $125,849,813 of interests to 61 investors since its first sale in Jan 2017. The filing does not set a minimum investment. 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. Related persons named in the filing include Joseph Cornell; Bluegrass GP LLC; Bluegrass Capital Partners LP.
Performance
No returns have been reported for this fund. As a rough guide, Bluegrass Capital Partners LP, which manages it, disclosed U.S. stock holdings that returned an estimated -5.1% 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 +18.6% (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
- $125,849,813Cumulative sales reported on Form D
- Investors
- 61
- First sale
- Jan 3, 2017
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Joseph Cornell; Bluegrass GP LLC; Bluegrass Capital Partners LP
- Latest Form D
- Jul 23, 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 Bluegrass Equity Fund, LP
What is the minimum investment for Bluegrass Equity Fund, LP?
Bluegrass Equity Fund, LP's latest Form D, filed Jul 23, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Bluegrass Equity Fund, LP?
Bluegrass Equity 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 Bluegrass Equity Fund, LP raised?
Bluegrass Equity Fund, LP reports $125,849,813 sold from 61 investors on its Form D filed Jul 23, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Bluegrass Equity Fund, LP based?
Bluegrass Equity Fund, LP is based in Palm Beach, Florida and is managed by Bluegrass Capital Partners LP.
When did Bluegrass Equity Fund, LP launch?
Bluegrass Equity Fund, LP reports its first sale in Jan 2017.
Size compared with every hedge fund
Raised more than 80% of the 750 hedge funds based in Florida, and more than 62% of all 10,309 that report sales.