Spring Lake IDF Series of the SALI Multi-Series Fund, L.P.
Spring Lake IDF Series of the SALI Multi-Series Fund, L.P. is a hedge fund based in Austin, Texas. According to its most recent Form D, filed Dec 13, 2024, the fund has sold $9,128,160 of interests to 1 investor since its first sale in Dec 2024. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include SALI Fund Partners, LLC; Cameron Vail; Thomas Nieman.
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
- $9,128,160Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Dec 1, 2024
- 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
- SALI Fund Partners, LLC; Cameron Vail; Thomas Nieman
- Latest Form D
- Dec 13, 2024
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 Spring Lake IDF Series of the SALI Multi-Series Fund, L.P.
What is the minimum investment for Spring Lake IDF Series of the SALI Multi-Series Fund, L.P.?
According to its latest Form D, filed Dec 13, 2024, the minimum investment Spring Lake IDF Series of the SALI Multi-Series Fund, L.P. accepts from an outside investor is $1,000,000.
Who can invest in Spring Lake IDF Series of the SALI Multi-Series Fund, L.P.?
Spring Lake IDF Series of the SALI Multi-Series 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 Spring Lake IDF Series of the SALI Multi-Series Fund, L.P. raised?
Spring Lake IDF Series of the SALI Multi-Series Fund, L.P. reports $9,128,160 sold from 1 investor on its Form D filed Dec 13, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Spring Lake IDF Series of the SALI Multi-Series Fund, L.P. based?
Spring Lake IDF Series of the SALI Multi-Series Fund, L.P. is based in Austin, Texas and is managed by Spring Lake Asset Management, Inc..
When did Spring Lake IDF Series of the SALI Multi-Series Fund, L.P. launch?
Spring Lake IDF Series of the SALI Multi-Series Fund, L.P. reports its first sale in Dec 2024, 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 32% of the 631 hedge funds based in Texas, and more than 20% of all 10,308 that report sales.
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