Borna Health Fund, L.P. is a hedge fund based in Boston, Massachusetts. According to its most recent Form D, filed Dec 17, 2025, the fund has sold $1,825,000 of interests to 10 investors since its first sale in Mar 2021. The minimum investment it accepts from an outside investor is $50,000. 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 Andrew Jay.
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
- $1,825,000Cumulative sales reported on Form D
- Investors
- 10
- First sale
- Mar 1, 2021
- Minimum investment
- $50,000
- 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
- Andrew Jay
- Latest Form D
- Dec 17, 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 Borna Health Fund, L.P.
What is the minimum investment for Borna Health Fund, L.P.?
According to its latest Form D, filed Dec 17, 2025, the minimum investment Borna Health Fund, L.P. accepts from an outside investor is $50,000.
Who can invest in Borna Health Fund, L.P.?
Borna Health 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(c), so it may advertise, but every investor must be verified as accredited.
How much has Borna Health Fund, L.P. raised?
Borna Health Fund, L.P. reports $1,825,000 sold from 10 investors on its Form D filed Dec 17, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Borna Health Fund, L.P. based?
Borna Health Fund, L.P. is based in Boston, Massachusetts.
When did Borna Health Fund, L.P. launch?
Borna Health Fund, L.P. reports its first sale in Mar 2021, 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 9% of the 474 hedge funds based in Massachusetts, and more than 8% of all 10,307 that report sales.