Passaic Multi Asset, LP is a hedge fund based in Newark, New Jersey. According to its most recent Form D, filed Jan 15, 2026, the fund has sold $27,912,000 of interests to 3 investors since its first sale in Jan 2026. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Passaic Partners LLC; C. Silva; Passaic MA I, LLC.
Performance
No verified returns have been reported for this fund. As a rough guide, Passaic Partners LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +10.9% 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 +35.0% (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
- $27,912,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Jan 1, 2026
- 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
- Passaic Partners LLC; C. Silva; Passaic MA I, LLC
- 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 Passaic Multi Asset, LP
What is the minimum investment for Passaic Multi Asset, LP?
Passaic Multi Asset, 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 Passaic Multi Asset, LP?
Passaic Multi Asset, 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 Passaic Multi Asset, LP raised?
Passaic Multi Asset, LP reports $27,912,000 sold from 3 investors on its Form D filed Jan 15, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Passaic Multi Asset, LP based?
Passaic Multi Asset, LP is based in Newark, New Jersey and is managed by Passaic Partners LLC.
When did Passaic Multi Asset, LP launch?
Passaic Multi Asset, 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 59% of the 217 hedge funds based in New Jersey, and more than 36% of all 10,308 that report sales.
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