Form D · Hedge Fund

MILLRACE FUND LP

Berwyn, PA · CIK 0001165580

Offering snapshot reported Aug 1, 2024 · SEC filing

Reported sold
$92.4M
Indefinite offering
Investors reported
138
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Jan 17, 2002
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$46.2M$92.4MJul 23, 2021: $90,439,719.00Jul 23, 2021Jul 22, 2022: $91,864,519.00Jul 22, 2022Jun 22, 2023: $92,381,519.00Jun 22, 2023Aug 1, 2024: $92,381,519.00Aug 1, 2024

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.

No comparable changes in the displayed metrics.

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Aug 1, 2024Amendment$92,381,519$0vs Jun 22, 2023138SEC filing
Jun 22, 2023Amendment$92,381,519$517,000vs Jul 22, 2022138SEC filing
Jul 22, 2022Amendment$91,864,519$1,424,800vs Jul 23, 2021137SEC filing
Jul 23, 2021Amendment$90,439,719No comparisonNot reportedSEC filing
Jul 24, 2020Amendment$85,485,898$896,084vs Jul 25, 2019127SEC filing
Jul 25, 2019Amendment$84,589,814$5,690,304vs Jul 25, 2018126SEC filing
Jul 25, 2018Amendment$78,899,510$2,419,970vs Jul 27, 2017122SEC filing
Jul 27, 2017Amendment$76,479,540$523,877vs Jul 27, 2016118SEC filing
Jul 27, 2016Amendment$75,955,663$1,846,697vs Jul 31, 2015117SEC filing
Jul 31, 2015Amendment$74,108,966-$4,453,673vs Aug 1, 2014112SEC filing
Aug 1, 2014Amendment$78,562,639$3,585,500vs Jul 31, 201368SEC filing
Jul 31, 2013Amendment$74,977,139$3,711,381vs Jul 27, 201162SEC filing
Jul 31, 2012Amendment$71,977,139$711,381vs Jul 27, 201156SEC filing
Jul 27, 2011Amendment$71,265,758$5,507,564vs Jul 15, 201049SEC filing
Jul 15, 2010Amendment$65,758,194No comparison44SEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06b, 3C, 3C.1
Duration over one year
Yes
Business combination
No
Sales commissions
$0 (estimated)
Finders' fees
$0 (estimated)
Form D file number
021-38793
The recipient listed in Item 12 was paid an amount equal to a percentage of the management fee paid to the Investment Manager (or its affiliate) attributable to certain assets under management. The relationship was terminated July 2016.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Ziv Investment Comapany4316
Stonehaven, LLC118913

Source: Form D, filed Aug 1, 2024. 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

MILLRACE FUND, LP

Investment adviser: MILLRACE ASSET GROUP, INC.

Gross asset value
$148M
Beneficial owners
58
ADV minimum commitment
$500K

Reported in Form ADV on Mar 25, 2024. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator OPUS FUND SERVICES NAPERVILLE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor COHEN & COMPANY HUNT VALLEY, Maryland, United States
Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No
Marketer QUALITY MANAGER CONSULTANTS, LLC SCOTTSDALE, Arizona, United States Related to adviser: No
Marketer STONEHAVEN, LLC NEW YORK, New York, United States Related to adviser: No
Prime broker BTIG, LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

COHEN & COMPANY
PCAOB 925

GOLDMAN SACHS & CO. LLC
SEC 8-129

STONEHAVEN, LLC
CRD 118913 · SEC 8-53699

BTIG, LLC
CRD 122225 · SEC 8-65473

Filing source

Form ADV 1847288 · Mar 25, 2024 · Schedule D 7.B.(1), fund 805-9236720445

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
NameReported role
Millrace Capital Gp, Lp Promoter
William L Kitchel Iii Executive
Whitney M Maroney Executive
Millrace Asset Group, Inc Executive
Millrace Asset Group, Inc. Executive
Millrace Capital Gp, Lp Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
Millrace Asset Group, Inc. 1205 Westlakes Drive, Suite 375
Berwyn, PA, 19312