Marlin Fund, Limited Partnership
Marlin Fund, Limited Partnership is a hedge fund based in Atlanta, Georgia. According to its most recent Form D, filed Oct 30, 2026, the fund has sold $509,528,942 of interests to 214 investors since its first sale in Jul 1995. 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 Masters Capital Management, LLC.
Performance
No verified returns have been reported for this fund. As a rough guide, Masters Capital Management, L.L.C., which manages it, disclosed U.S. stock holdings that returned an estimated +15.5% 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 +56.8% (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
- $509,528,942Cumulative sales reported on Form D
- Investors
- 214
- First sale
- Jul 1, 1995
- 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
- Masters Capital Management, LLC
- Latest Form D
- Oct 30, 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 Marlin Fund, Limited Partnership
What is the minimum investment for Marlin Fund, Limited Partnership?
According to its latest Form D, filed Oct 30, 2026, the minimum investment Marlin Fund, Limited Partnership accepts from an outside investor is $1,000,000.
Who can invest in Marlin Fund, Limited Partnership?
Marlin Fund, Limited Partnership 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 Marlin Fund, Limited Partnership raised?
Marlin Fund, Limited Partnership reports $509,528,942 sold from 214 investors on its Form D filed Oct 30, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Marlin Fund, Limited Partnership based?
Marlin Fund, Limited Partnership is based in Atlanta, Georgia and is managed by Masters Capital Management, L.L.C..
When did Marlin Fund, Limited Partnership launch?
Marlin Fund, Limited Partnership reports its first sale in Jul 1995.
Size compared with every hedge fund
Raised more than 93% of the 144 hedge funds based in Georgia, and more than 82% of all 10,307 that report sales.