Harbert Discovery Fund, LP
Harbert Discovery Fund, LP is a hedge fund based in Birmingham, Alabama. According to its most recent Form D, filed Nov 1, 2024, the fund has sold $48,470,000 of interests to 35 investors since its first sale in Nov 2014. The minimum investment it accepts from an outside investor is $250,000. 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 Harbert Discovery Fund GP, LLC; Harbert Fund Advisors, Inc.
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
- $48,470,000Cumulative sales reported on Form D
- Investors
- 35
- First sale
- Nov 10, 2014
- Minimum investment
- $250,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Harbert Discovery Fund GP, LLC; Harbert Fund Advisors, Inc
- Latest Form D
- Nov 1, 2024
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 Harbert Discovery Fund, LP
What is the minimum investment for Harbert Discovery Fund, LP?
According to its latest Form D, filed Nov 1, 2024, the minimum investment Harbert Discovery Fund, LP accepts from an outside investor is $250,000.
Who can invest in Harbert Discovery Fund, LP?
Harbert Discovery 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 Harbert Discovery Fund, LP raised?
Harbert Discovery Fund, LP reports $48,470,000 sold from 35 investors on its Form D filed Nov 1, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Harbert Discovery Fund, LP based?
Harbert Discovery Fund, LP is based in Birmingham, Alabama and is managed by Harbert Fund Advisors, LLC.
When did Harbert Discovery Fund, LP launch?
Harbert Discovery Fund, LP reports its first sale in Nov 2014.
Size compared with every hedge fund
Raised more than 62% of the 26 hedge funds based in Alabama, and more than 45% of all 10,308 that report sales.