Ionic Convertible Fund LLC is a hedge fund based in New York, New York. According to its most recent Form D, filed Jan 11, 2013, the fund has sold $50,567,831 of interests to 11 investors since its first sale in Dec 2010. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. Related persons named in the filing include Ionic Capital Management LLC; Ionic Capital Advisors LLC; Bart Baum.
Performance
No 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
- $50,567,831Cumulative sales reported on Form D
- Investors
- 11
- First sale
- Dec 1, 2010
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Other exemption
- Key people and entities
- Ionic Capital Management LLC; Ionic Capital Advisors LLC; Bart Baum
- Latest Form D
- Jan 11, 2013
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 Ionic Convertible Fund LLC
What is the minimum investment for Ionic Convertible Fund LLC?
Ionic Convertible Fund LLC's latest Form D, filed Jan 11, 2013, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Ionic Convertible Fund LLC?
Ionic Convertible Fund LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7).
How much has Ionic Convertible Fund LLC raised?
Ionic Convertible Fund LLC reports $50,567,831 sold from 11 investors on its Form D filed Jan 11, 2013. This is cumulative sales since the offering began, not current assets or performance.
Where is Ionic Convertible Fund LLC based?
Ionic Convertible Fund LLC is based in New York, New York.
When did Ionic Convertible Fund LLC launch?
Ionic Convertible Fund LLC reports its first sale in Dec 2010.
Size compared with every hedge fund
Raised more than 43% of the 2,525 hedge funds based in New York, and more than 46% of all 10,128 that report sales.