Form D · Hedge Fund
Lagunita, Ltd.
George Town, Grand Cayman, E9 · CIK 0001605896
Offering snapshot reported Mar 31, 2020 · SEC filing
- Reported sold
- $286M Indefinite offering
- Investors reported
- 38 Form D · investor count
- Minimum accepted
- $100K Reported outside-investor minimum
- First sale
- Apr 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.
- Reported sold$285,725,000 → $285,825,000
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Mar 31, 2020 | Amendment | $285,825,000 | $100,000vs Apr 2, 2019 | 38 | SEC filing |
| Apr 2, 2019 | Amendment | $285,725,000 | $6,200,000vs Apr 2, 2018 | 38 | SEC filing |
| Apr 2, 2018 | Amendment | $279,525,000 | $30,175,000vs Apr 13, 2017 | 37 | SEC filing |
| Apr 13, 2017 | Amendment | $249,350,000 | $116,425,000vs Apr 15, 2016 | 34 | SEC filing |
| Apr 15, 2016 | Amendment | $132,925,000 | $0vs Apr 21, 2014 | 15 | SEC filing |
| Apr 21, 2014 | Initial | $132,925,000 | No comparison | 15 | SEC filing |
Offering details
- Securities
- 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
- 021-215963
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.
Redeemable Shares
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, LTD
Investment adviser: PALO ALTO INVESTORS LP
- Gross asset value
- Not reported
- Beneficial owners
- Not reported
- ADV minimum commitment
- Not reported
Reported in Form ADV on Mar 30, 2020. Fund assets and beneficial owners measure different things from Form D sales and investors.
Service providers
No provider names available in this fund's imported disclosure.
Provider details
- Annual audit
- Not reported
- Prime brokers
- Not reported
- Custodians
- Not reported
- Administrator other than the adviser
- Not reported
- External marketing
- Not reported
Filing source
Form ADV 1389944 · Mar 30, 2020 · Schedule D 7.B.(1), fund 805-1275795436
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 |
|---|---|
| John C/O Carne Global Financial Services Ackerley | Director |
| Palo Alto Investors, Palo Alto Investors, Llc | Executive |
| N/A Palo Alto Investors Lp | Executive |
| Darren C/O Marbury Fund Services (Cayman) Limited Stainrod | Director |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:George Town, Grand Cayman, E9, KY1 - 9008