Kai Diversified Alternatives SP is a hedge fund based in Chicago, Illinois. According to its most recent Form D, filed Jun 1, 2026, the fund has sold $18,454,776 of interests to 27 investors since its first sale in Aug 2024. The minimum investment it accepts from an outside investor is $250,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include John Klimek.
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
- $18,454,776Cumulative sales reported on Form D
- Investors
- 27
- First sale
- Aug 1, 2024
- Minimum investment
- $250,000
- 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
- John Klimek
- Latest Form D
- Jun 1, 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 Kai Diversified Alternatives SP
What is the minimum investment for Kai Diversified Alternatives SP?
According to its latest Form D, filed Jun 1, 2026, the minimum investment Kai Diversified Alternatives SP accepts from an outside investor is $250,000.
Who can invest in Kai Diversified Alternatives SP?
Kai Diversified Alternatives SP 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 Kai Diversified Alternatives SP raised?
Kai Diversified Alternatives SP reports $18,454,776 sold from 27 investors on its Form D filed Jun 1, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Kai Diversified Alternatives SP based?
Kai Diversified Alternatives SP is based in Chicago, Illinois.
When did Kai Diversified Alternatives SP launch?
Kai Diversified Alternatives SP reports its first sale in Aug 2024, 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 43% of the 323 hedge funds based in Illinois, and more than 29% of all 10,307 that report sales.
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