AltMountain

Papyrus Capital Fund LP

New York, NY · CIK 1660264 · Managed by ARS Investment Partners, LLC

Papyrus Capital Fund LP is a hedge fund based in New York, New York. According to its most recent Form D, filed Jan 9, 2026, the fund has sold $19,936,490 of interests to 42 investors since its first sale in Jan 2016. 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. Related persons named in the filing include Papyrus Capital GP LLC; ARS Investment Partners, LLC.

Performance

13F estimate · public data only

No verified returns have been reported for this fund. As a rough guide, ARS Investment Partners, LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +40.0% 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 +104.2% (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
$19,936,490Cumulative sales reported on Form D
Investors
42
First sale
Jan 1, 2016
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
Papyrus Capital GP LLC; ARS Investment Partners, LLC
Latest Form D
Jan 9, 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 Papyrus Capital Fund LP

What is the minimum investment for Papyrus Capital Fund LP?

Papyrus Capital Fund LP's latest Form D, filed Jan 9, 2026, does not set a minimum investment. Managers can still require one in the offering documents.

Who can invest in Papyrus Capital Fund LP?

Papyrus Capital Fund 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 Papyrus Capital Fund LP raised?

Papyrus Capital Fund LP reports $19,936,490 sold from 42 investors on its Form D filed Jan 9, 2026. This is cumulative sales since the offering began, not current assets or performance.

Where is Papyrus Capital Fund LP based?

Papyrus Capital Fund LP is based in New York, New York and is managed by ARS Investment Partners, LLC.

When did Papyrus Capital Fund LP launch?

Papyrus Capital Fund LP reports its first sale in Jan 2016.

Size compared with every hedge fund

Raised more than 30% of the 2,544 hedge funds based in New York, and more than 30% of all 10,307 that report sales.

More hedge funds in New York

Similar-size hedge funds in New York

All hedge funds in New York