Gobi Concentrated Partners LP
Gobi Concentrated Partners LP is a hedge fund based in San Francisco, California. According to its most recent Form D, filed Dec 18, 2025, the fund has sold $370,433,833 of interests to 45 investors since its first sale in Jan 2014. 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 Gobi Capital LLC; Bo Shan.
Performance
No verified returns have been reported for this fund. As a rough guide, Gobi Capital LLC, which manages it, disclosed U.S. stock holdings that returned an estimated -1.0% 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 +21.6% (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.
Is this your fund? Report your monthly returns · How performance works
- Total raised
- $370,433,833Cumulative sales reported on Form D
- Investors
- 45
- First sale
- Jan 1, 2014
- 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
- Gobi Capital LLC; Bo Shan
- Latest Form D
- Dec 18, 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 Gobi Concentrated Partners LP
What is the minimum investment for Gobi Concentrated Partners LP?
Gobi Concentrated Partners LP's latest Form D, filed Dec 18, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Gobi Concentrated Partners LP?
Gobi Concentrated Partners LP 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 Gobi Concentrated Partners LP raised?
Gobi Concentrated Partners LP reports $370,433,833 sold from 45 investors on its Form D filed Dec 18, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Gobi Concentrated Partners LP based?
Gobi Concentrated Partners LP is based in San Francisco, California and is managed by Gobi Capital LLC.
When did Gobi Concentrated Partners LP launch?
Gobi Concentrated Partners LP reports its first sale in Jan 2014.
Size compared with every hedge fund
Raised more than 84% of the 1,060 hedge funds based in California, and more than 78% of all 10,307 that report sales.