Light Street Focus, L.P.
Light Street Focus, L.P. is a hedge fund based in Palo Alto, California. Its most recent Form D, filed Jan 7, 2026, reports no sales yet. The minimum investment it accepts from an outside investor is $100,000. 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 Light Street Capital Management, LLC; Theo Robins; Robert Wenzell.
Performance
No verified returns have been reported for this fund. As a rough guide, Light Street Capital Management, LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +29.5% 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 +95.2% (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
- $0Cumulative sales reported on Form D
- Investors
- 0
- First sale
- —
- Minimum investment
- $100,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Light Street Capital Management, LLC; Theo Robins; Robert Wenzell
- Latest Form D
- Jan 7, 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 Light Street Focus, L.P.
What is the minimum investment for Light Street Focus, L.P.?
According to its latest Form D, filed Jan 7, 2026, the minimum investment Light Street Focus, L.P. accepts from an outside investor is $100,000.
Who can invest in Light Street Focus, L.P.?
Light Street Focus, L.P. 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 Light Street Focus, L.P. raised?
Light Street Focus, L.P.'s latest Form D, filed Jan 7, 2026, reports no sales yet.
Where is Light Street Focus, L.P. based?
Light Street Focus, L.P. is based in Palo Alto, California and is managed by Light Street Capital Management, LLC.
Size compared with every hedge fund
This fund hasn't reported any sales yet.