Toronado Fund, L.P.
Toronado Fund, L.P. is a hedge fund based in San Francisco, California. According to its most recent Form D, filed Sep 2, 2026, the fund has sold $201,883,599 of interests to 99 investors since its first sale in Jun 2013. The filing does not set a minimum investment. 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 Anthony Berta; John Perkins; Toronado Partners LLC.
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
- $201,883,599Cumulative sales reported on Form D
- Investors
- 99
- First sale
- Jun 7, 2013
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Anthony Berta; John Perkins; Toronado Partners LLC
- Latest Form D
- Sep 2, 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 Toronado Fund, L.P.
What is the minimum investment for Toronado Fund, L.P.?
Toronado Fund, L.P.'s latest Form D, filed Sep 2, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Toronado Fund, L.P.?
Toronado 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 Toronado Fund, L.P. raised?
Toronado Fund, L.P. reports $201,883,599 sold from 99 investors on its Form D filed Sep 2, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Toronado Fund, L.P. based?
Toronado Fund, L.P. is based in San Francisco, California and is managed by Toronado Partners LLC.
When did Toronado Fund, L.P. launch?
Toronado Fund, L.P. reports its first sale in Jun 2013.
Size compared with every hedge fund
Raised more than 77% of the 1,060 hedge funds based in California, and more than 69% of all 10,308 that report sales.