Borealis Fund LP/OK is a hedge fund based in Scottsdale, Arizona. According to its most recent Form D, filed Jan 20, 2026, the fund has sold $300,000 of interests to 2 investors since its first sale in Jan 2025. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Karsten Kenworthy; Benjamin Laney.
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
- $300,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Jan 5, 2025
- Minimum investment
- $100,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Karsten Kenworthy; Benjamin Laney
- Latest Form D
- Jan 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 Borealis Fund LP/OK
What is the minimum investment for Borealis Fund LP/OK?
According to its latest Form D, filed Jan 20, 2026, the minimum investment Borealis Fund LP/OK accepts from an outside investor is $100,000.
Who can invest in Borealis Fund LP/OK?
Borealis Fund LP/OK 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(c), so it may advertise, but every investor must be verified as accredited.
How much has Borealis Fund LP/OK raised?
Borealis Fund LP/OK reports $300,000 sold from 2 investors on its Form D filed Jan 20, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Borealis Fund LP/OK based?
Borealis Fund LP/OK is based in Scottsdale, Arizona.
When did Borealis Fund LP/OK launch?
Borealis Fund LP/OK reports its first sale in Jan 2025, 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 28% of the 29 hedge funds based in Arizona, and more than 2% of all 10,308 that report sales.