NRC Absolute Return, L.P. is a hedge fund based in Charlotte, North Carolina. According to its most recent Form D, filed Apr 16, 2026, the fund has sold $45,945,000 of interests to 77 investors since its first sale in Jun 2021. 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 Michael Phipps; New Republic Partners, Inc; Samuel Bowles.
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
- $45,945,000Cumulative sales reported on Form D
- Investors
- 77
- First sale
- Jun 1, 2021
- 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
- Michael Phipps; New Republic Partners, Inc; Samuel Bowles
- Latest Form D
- Apr 16, 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 NRC Absolute Return, L.P.
What is the minimum investment for NRC Absolute Return, L.P.?
NRC Absolute Return, L.P.'s latest Form D, filed Apr 16, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in NRC Absolute Return, L.P.?
NRC Absolute Return, 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 NRC Absolute Return, L.P. raised?
NRC Absolute Return, L.P. reports $45,945,000 sold from 77 investors on its Form D filed Apr 16, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is NRC Absolute Return, L.P. based?
NRC Absolute Return, L.P. is based in Charlotte, North Carolina.
When did NRC Absolute Return, L.P. launch?
NRC Absolute Return, L.P. reports its first sale in Jun 2021, 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 68% of the 75 hedge funds based in North Carolina, and more than 44% of all 10,308 that report sales.