Darlington Partners L P
Darlington Partners L P is a hedge fund based in Greenbrae, California. According to its most recent Form D, filed Feb 5, 2026, the fund has sold $2,552,657,785 of interests to 273 investors since its first sale in Jan 1996. The minimum investment it accepts from an outside investor is $5,000,000. 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 Darlington Partners GP, LLC; Scott Clark; Mina Iskander.
Performance
No verified returns have been reported for this fund. As a rough guide, Darlington Partners Capital Management, LP, which manages it, disclosed U.S. stock holdings that returned an estimated -13.1% 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 -6.6% (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
- $2,552,657,785Cumulative sales reported on Form D
- Investors
- 273
- First sale
- Jan 1, 1996
- Minimum investment
- $5,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Darlington Partners GP, LLC; Scott Clark; Mina Iskander
- Latest Form D
- Feb 5, 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 Darlington Partners L P
What is the minimum investment for Darlington Partners L P?
According to its latest Form D, filed Feb 5, 2026, the minimum investment Darlington Partners L P accepts from an outside investor is $5,000,000.
Who can invest in Darlington Partners L P?
Darlington Partners L P 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 Darlington Partners L P raised?
Darlington Partners L P reports $2,552,657,785 sold from 273 investors on its Form D filed Feb 5, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Darlington Partners L P based?
Darlington Partners L P is based in Greenbrae, California and is managed by Darlington Partners Capital Management, LP.
When did Darlington Partners L P launch?
Darlington Partners L P reports its first sale in Jan 1996.
Size compared with every hedge fund
Raised more than 97% of the 1,060 hedge funds based in California, and more than 96% of all 10,308 that report sales.