AltMountain

Pearlstone Alternative Fund L.P.

Wilmington, DE · CIK 1960589

Pearlstone Alternative Fund L.P. is a hedge fund based in Wilmington, Delaware. According to its most recent Form D, filed Feb 17, 2026, the fund has sold $122,850,000 of interests to 3 investors since its first sale in Feb 2023. The minimum investment it accepts from an outside investor is $1,000,000. 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 David McGeough; Robert Duggan; Pearlstone Alternative Fund GP Limited.

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
$122,850,000Cumulative sales reported on Form D
Investors
3
First sale
Feb 6, 2023
Minimum investment
$1,000,000
Who can invest
Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption
Rule 506(b)No general advertising
Key people and entities
David McGeough; Robert Duggan; Pearlstone Alternative Fund GP Limited
Latest Form D
Feb 17, 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 Pearlstone Alternative Fund L.P.

What is the minimum investment for Pearlstone Alternative Fund L.P.?

According to its latest Form D, filed Feb 17, 2026, the minimum investment Pearlstone Alternative Fund L.P. accepts from an outside investor is $1,000,000.

Who can invest in Pearlstone Alternative Fund L.P.?

Pearlstone Alternative Fund 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 Pearlstone Alternative Fund L.P. raised?

Pearlstone Alternative Fund L.P. reports $122,850,000 sold from 3 investors on its Form D filed Feb 17, 2026. This is cumulative sales since the offering began, not current assets or performance.

Where is Pearlstone Alternative Fund L.P. based?

Pearlstone Alternative Fund L.P. is based in Wilmington, Delaware.

When did Pearlstone Alternative Fund L.P. launch?

Pearlstone Alternative Fund L.P. reports its first sale in Feb 2023.

Size compared with every hedge fund

Raised more than 70% of the 190 hedge funds based in Delaware, and more than 61% of all 10,307 that report sales.

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