Mill Pond Capital Partners, LP
Mill Pond Capital Partners, LP is a hedge fund based in Westport, Connecticut. According to its most recent Form D, filed Jan 15, 2026, the fund has sold $7,000,000 of interests to 5 investors since its first sale in Jan 2026. The filing does not set a minimum investment. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Raffi Tokatlian; Mill Pond Capital Partners GP, LLC; Ararat Capital Management, LP.
Performance
No verified returns have been reported for this fund. As a rough guide, Ararat Capital Management, LP, which manages it, disclosed U.S. stock holdings that returned an estimated +9.5% 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 +24.3% (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.
Is this your fund? Report your monthly returns · How performance works
- Total raised
- $7,000,000Cumulative sales reported on Form D
- Investors
- 5
- First sale
- Jan 1, 2026
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Raffi Tokatlian; Mill Pond Capital Partners GP, LLC; Ararat Capital Management, LP
- Latest Form D
- Jan 15, 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 Mill Pond Capital Partners, LP
What is the minimum investment for Mill Pond Capital Partners, LP?
Mill Pond Capital Partners, LP's latest Form D, filed Jan 15, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Mill Pond Capital Partners, LP?
Mill Pond Capital Partners, 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 Mill Pond Capital Partners, LP raised?
Mill Pond Capital Partners, LP reports $7,000,000 sold from 5 investors on its Form D filed Jan 15, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Mill Pond Capital Partners, LP based?
Mill Pond Capital Partners, LP is based in Westport, Connecticut and is managed by Ararat Capital Management, LP.
When did Mill Pond Capital Partners, LP launch?
Mill Pond Capital Partners, LP reports its first sale in Jan 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 12% of the 862 hedge funds based in Connecticut, and more than 17% of all 10,308 that report sales.