Vercap LP
Vercap LP is a private fund (private investment vehicle) organized in Delaware, United States and advised by Vercap Management LLC. Its adviser reported $1,159,053,616 in gross assets for the fund on Form ADV, filed Sep 23, 2024. It reported 2 beneficial owners. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. It invests in other private funds (a fund of funds).
- Gross assets
- $1,159,053,616As reported on Form ADV
- Beneficial owners
- 2
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7)
- Fund type
- Private fundPRIVATE INVESTMENT VEHICLE
- Domicile
- Delaware, United States
- Auditor
- Grant Thornton LLP
- Administrator
- SEI Archway
- Prime broker
- J.P. Morgan Securities LLC
- Custodian
- Millennium Trust Company, LLC
- Adviser
- Vercap Management LLC · LOS Angeles, CA · CRD 333354
- Reported on
- Sep 23, 2024Adviser's Form ADV
From SEC filings, not verified. This information is republished from the adviser's Form ADV (Schedule D, Section 7.B.(1)) in the SEC's public Form ADV data, which currently runs through filings made by Dec 26, 2024. Figures are as of the adviser's filing and may have changed since. It is not an offer, solicitation or recommendation, AltMountain has not reviewed the fund, and gross assets are not performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Vercap LP
What is the minimum investment for Vercap LP?
Its adviser's Form ADV, filed Sep 23, 2024, does not set a minimum investment for Vercap LP. The offering documents may still require one.
Who can invest in Vercap LP?
Vercap LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7).
How large is Vercap LP?
Its adviser reported $1,159,053,616 in gross assets on Form ADV filed Sep 23, 2024. Gross assets include borrowed money and are not the same as net assets or performance.
Who manages Vercap LP?
Vercap LP is advised by Vercap Management LLC, based in LOS Angeles, CA.
Who are Vercap LP's service providers?
Its Form ADV lists Grant Thornton LLP as auditor and SEI Archway as administrator.