Form D · Hedge Fund
Lagunita, LP
Palo Alto, CA · CIK 0001612446
Offering snapshot reported Mar 31, 2020 · SEC filing
- Reported sold
- $11.8M Indefinite offering
- Investors reported
- 5 Form D · investor count
- Minimum accepted
- $100K Reported outside-investor minimum
- First sale
- Jul 1, 2014 As reported in this filing
Fundraising history
Reported soldDates 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.
No comparable changes in the displayed metrics.
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Mar 31, 2020 | Amendment | $11,825,000 | $0vs Apr 2, 2019 | 5 | SEC filing |
| Apr 2, 2019 | Amendment | $11,825,000 | $300,000vs Apr 2, 2018 | 5 | SEC filing |
| Apr 2, 2018 | Amendment | $11,525,000 | $1,100,000vs Aug 4, 2017 | 5 | SEC filing |
| Aug 4, 2017 | Amendment | $10,425,000 | $5,125,000vs Aug 5, 2016 | 5 | SEC filing |
| Aug 5, 2016 | Amendment | $5,300,000 | $1,225,000vs Aug 7, 2015 | 3 | SEC filing |
| Aug 7, 2015 | Amendment | $4,075,000 | $2,575,000vs Jul 7, 2014 | 2 | SEC filing |
| Jul 7, 2014 | Initial | $1,500,000 | No comparison | 1 | SEC filing |
Offering details
- Securities
- Equity, Pooled investment fund, Other
- Exemptions
- 06b, 3C, 3C.7
- Duration over one year
- Yes
- Business combination
- No
- Sales commissions
- $0 (estimated)
- Finders' fees
- $0 (estimated)
- Form D file number
- 021-220497
This is a continuous offering. The amount disclosed is the gross amount of interest sold by the Issuer and does not include redemptions by investors. The number of investors disclosed in Item 14 below is an estimate and does not include redemptions.
Limited partner interests
The Issuer does not pay any sales commissions or finders' fees expenses. The Investment Manager of the Issuer pays a portion of the management fees it receives from the Issuer to MMX Global Partners, LLC.
Sales compensation recipients
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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| MMX Global Partners, LLC | 286531 |
Source: Form D, filed Mar 31, 2020. 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
LAGUNITA, LP
Investment adviser: PALO ALTO INVESTORS LP
- Gross asset value
- $203M
- Beneficial owners
- 30
- ADV minimum commitment
- $100K
Reported in Form ADV on Mar 30, 2020. Fund assets and beneficial owners measure different things from Form D sales and investors.
Service providers
Provider details
- Annual audit
- Yes
- Prime brokers
- Yes
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- Yes
KPMG LLC
PCAOB 185
MORGAN STANLEY & CO. LLC
SEC 8-15869
MMX GLOBAL PARTNERS, LLC
CRD 286531 · SEC 8-69889
MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869
PERSHING LLC
CRD 7560 · SEC 8-17574
Filing source
Form ADV 1389944 · Mar 30, 2020 · Schedule D 7.B.(1), fund 805-4815150783
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.
| Name | Reported role |
|---|---|
| Patrick Y. Lee | Executive |
| N/A Pai Llc | Executive |
| Palo Alto Investors Llc Palo Alto Investors Llc | Executive |
| Anthony Joon Yun | Executive |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:Palo Alto, CA, 94301