Novem
Novem is a hedge fund based in Berkeley Heights, New Jersey. According to its most recent Form D, filed Feb 11, 2022, the fund has sold $340,626,796 of interests to 99 investors since its first sale in Jan 2000. 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. Related persons named in the filing include Joseph Robillard; HHR Asset Management, LLC; HHR Partners, L.P.
Performance
No 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
- $340,626,796Cumulative sales reported on Form D
- Investors
- 99
- First sale
- Jan 1, 2000
- 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
- Joseph Robillard; HHR Asset Management, LLC; HHR Partners, L.P
- Latest Form D
- Feb 11, 2022
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 Novem
What is the minimum investment for Novem?
Novem's latest Form D, filed Feb 11, 2022, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Novem?
Novem 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 Novem raised?
Novem reports $340,626,796 sold from 99 investors on its Form D filed Feb 11, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Novem based?
Novem is based in Berkeley Heights, New Jersey.
When did Novem launch?
Novem reports its first sale in Jan 2000.
Size compared with every hedge fund
Raised more than 91% of the 211 hedge funds based in New Jersey, and more than 77% of all 10,102 that report sales.