Form D · Hedge Fund

Cypress Point Investment Partners, LLC - Ltd Net Exposure Fund

San Francisco, CA · CIK 0001575077

Offering snapshot reported Mar 13, 2015 · SEC filing

Reported sold: $5.91M
Investors reported: 23
Minimum accepted: $100K
First sale: May 1, 2013

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$5,201,000 → $5,907,500
Reported investors26 → 23

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Mar 13, 2015	Amendment	$5,907,500	$706,500vs Mar 12, 2014	23	SEC filing
Mar 12, 2014	Amendment	$5,201,000	$2,945,000vs May 1, 2013	26	SEC filing
May 1, 2013	Initial	$2,256,000	No comparison	11	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.1
Duration over one year: Yes
Business combination: No

Sales commissions: $19.4K (estimated)
Finders' fees: $0
Form D file number: 021-195851

Percentage of fees earned by Investment Manager/ General Partner of Issuer.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Paul Touchstone	4640001	Gordian Investments · CRD 158611

Source: Form D, filed Mar 13, 2015. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

CYPRESS POINT INVESTMENT PARTNERS, LLC - LIMITED NET EXPOSURE FUND

Investment adviser: CYPRESS POINT CAPITAL MANAGEMENT, LLC

Gross asset value: $5.7M
Beneficial owners: 26
ADV minimum commitment: $250K

Reported in Form ADV on Mar 26, 2015. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG SAN FRANCISCO, California, United States

Custodian FIRST REPUBLIC BANK NEW YORK, New York, United States Related to adviser: No

Marketer GORDIAN INVESTMENTS, LLC SAN FRANCISCO, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

GORDIAN INVESTMENTS, LLC
CRD 158611 · SEC 8-68911

Filing source

Form ADV 893392 · Mar 26, 2015 · Schedule D 7.B.(1), fund 805-8616158557

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Ralph Drybrough	Promoter
Cypress Point Solutions, Llc	Director, Promoter
Cypress Point Capital Management, Llc	Director, Promoter
Tim Mc Dowell	Director, Promoter
Michael Woods	Director, Promoter
Jeffrey Wycoff	Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

275 Sacramento Street 8 Th Floor
San Francisco, CA, 94111