Keenan Capital Fund, LP
Keenan Capital Fund, LP is a hedge fund based in Burlingame, California. According to its most recent Form D, filed Nov 19, 2025, the fund has sold $437,670,000 of interests to 58 investors since its first sale in May 2013. The minimum investment it accepts from an outside investor is $1,000,000. 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 Keenan Capital GP, LLC; Keenan Capital, LLC; Charles Keenan IV.
Performance
No verified returns have been reported for this fund. As a rough guide, Keenan Capital, LLC, which manages it, disclosed U.S. stock holdings that returned an estimated -18.2% 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 +30.8% (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
- $437,670,000Cumulative sales reported on Form D
- Investors
- 58
- First sale
- May 13, 2013
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Keenan Capital GP, LLC; Keenan Capital, LLC; Charles Keenan IV
- Latest Form D
- Nov 19, 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 Keenan Capital Fund, LP
What is the minimum investment for Keenan Capital Fund, LP?
According to its latest Form D, filed Nov 19, 2025, the minimum investment Keenan Capital Fund, LP accepts from an outside investor is $1,000,000.
Who can invest in Keenan Capital Fund, LP?
Keenan Capital 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 Keenan Capital Fund, LP raised?
Keenan Capital Fund, LP reports $437,670,000 sold from 58 investors on its Form D filed Nov 19, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Keenan Capital Fund, LP based?
Keenan Capital Fund, LP is based in Burlingame, California and is managed by Keenan Capital, LLC.
When did Keenan Capital Fund, LP launch?
Keenan Capital Fund, LP reports its first sale in May 2013.
Size compared with every hedge fund
Raised more than 85% of the 1,060 hedge funds based in California, and more than 80% of all 10,308 that report sales.