LIT Fund 1, LP is a hedge fund based in Amherst, Massachusetts. According to its most recent Form D, filed Oct 1, 2026, the fund has sold $971,000 of interests to 10 investors since its first sale in May 2026. The filing does not set a minimum investment. 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 Lit GP 1, LLC; Long Iron Technologies, LLC; Joseph Grochmal.
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
- $971,000Cumulative sales reported on Form D
- Investors
- 10
- First sale
- May 22, 2026
- Minimum investment
- None set
- 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
- Lit GP 1, LLC; Long Iron Technologies, LLC; Joseph Grochmal
- Latest Form D
- Oct 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 LIT Fund 1, LP
What is the minimum investment for LIT Fund 1, LP?
LIT Fund 1, LP's latest Form D, filed Oct 1, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in LIT Fund 1, LP?
LIT Fund 1, LP 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 LIT Fund 1, LP raised?
LIT Fund 1, LP reports $971,000 sold from 10 investors on its Form D filed Oct 1, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is LIT Fund 1, LP based?
LIT Fund 1, LP is based in Amherst, Massachusetts.
When did LIT Fund 1, LP launch?
LIT Fund 1, LP reports its first sale in May 2026, 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 7% of the 474 hedge funds based in Massachusetts, and more than 5% of all 10,307 that report sales.