| Fund ID | 805-1370509148 |
| Fund type | Hedge Fund |
| 3(c)(1) exclusion | Yes |
| 3(c)(7) exclusion | No |
| Master fund | No |
| Feeder fund | No |
| Fund of funds | No |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| Sales limited to qualified investors | Yes |
| % of assets independently valued | 0% |
| Owned by the adviser or related persons | 71% |
| Owned by funds of funds | 70% |
| Owned by non-U.S. persons | 0% |
| Fund | Type | Gross assets |
|---|---|---|
| The Precept Fund, L.P. | Hedge | $9.7M |
| Precept Credit Opportunities Fund, L.P. | Hedge | $1.1M |
Precept Special Situation Fund, L.P. reports $2.9 million in gross assets, among the top 89% of private funds by size.
The stated minimum investment is $500,000.
Precept Special Situation Fund, L.P. is managed by Precept Management, LLC.
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.