Penumbra Fund LP is a hedge fund based in Scarsdale, New York. According to its most recent Form D, filed Aug 13, 2026, the fund has sold $2,646,022 of interests to 9 investors since its first sale in May 2025. The minimum investment it accepts from an outside investor is $200,000. 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 Penumbra Fund Management LLC; Praneet Singh.
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
- $2,646,022Cumulative sales reported on Form D
- Investors
- 9
- First sale
- May 14, 2025
- Minimum investment
- $200,000
- 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
- Penumbra Fund Management LLC; Praneet Singh
- Latest Form D
- Aug 13, 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 Penumbra Fund LP
What is the minimum investment for Penumbra Fund LP?
According to its latest Form D, filed Aug 13, 2026, the minimum investment Penumbra Fund LP accepts from an outside investor is $200,000.
Who can invest in Penumbra Fund LP?
Penumbra 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 Penumbra Fund LP raised?
Penumbra Fund LP reports $2,646,022 sold from 9 investors on its Form D filed Aug 13, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Penumbra Fund LP based?
Penumbra Fund LP is based in Scarsdale, New York.
When did Penumbra Fund LP launch?
Penumbra Fund LP reports its first sale in May 2025, 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 15% of the 2,535 hedge funds based in New York, and more than 10% of all 10,197 that report sales.