Form D · Hedge Fund

POTOMAC CAPITAL PARTNERS LP

New York, NY · CIK 0001233373

Offering snapshot reported Jun 17, 2016 · SEC filing

Reported sold
$92.5M
Indefinite offering
Investors reported
68
Form D · investor count
Minimum accepted
$1M
Reported outside-investor minimum
First sale
Feb 1, 1998
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$46.3M$92.5MMar 16, 2009: $84,173,218.00Mar 16, 2009Jan 5, 2012: $89,340,822.00Jan 5, 2012Mar 12, 2013: $90,894,471.00Jun 17, 2015: $91,394,471.00Jun 17, 2016: $92,519,471.00Jun 17, 2016

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$91,394,471 → $92,519,471

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Jun 17, 2016Amendment$92,519,471$1,125,000vs Jun 17, 201568SEC filing
Jun 17, 2015Amendment$91,394,471$500,000vs Mar 12, 201368SEC filing
Mar 12, 2013Amendment$90,894,471$1,553,649vs Jan 5, 201285SEC filing
Jan 5, 2012Amendment$89,340,822$5,167,604vs Mar 16, 200985SEC filing
Mar 16, 2009Amendment$84,173,218No comparisonNot reportedSEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.1
Duration over one year
Yes
Business combination
No
Sales commissions
$3.66K (estimated)
Finders' fees
$0 (estimated)
Form D file number
021-57419

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
APB Financial Group, LLCNoneAPB Financial Group, LLC · CRD 38235

Source: Form D, filed Jun 17, 2016. 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

POTOMAC CAPITAL PARTNERS, LP

Investment adviser: POTOMAC CAPITAL MANAGEMENT INC.

Gross asset value
$66.4M
Beneficial owners
78
ADV minimum commitment
$1M

Reported in Form ADV on Mar 30, 2016. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator ESSENTIAL FUND SERVICES, LLC TARRYTOWN, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor MCGLADREY LLP NEW YORK, New York, United States
Custodian JEFFERIES LLC NEW YORK, New York, United States Related to adviser: No
Prime broker JEFFERIES 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
No

JEFFERIES LLC
SEC 8-15074

JEFFERIES LLC
CRD 2347 · SEC 8-15074

Filing source

Form ADV 997742 · Mar 30, 2016 · Schedule D 7.B.(1), fund 805-8368705741

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
N/A Potomac Capital Management, L.L.C. Promoter
Paul J. Solit Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
825 Third Ave 33 Rd Floor
New York, NY, 10022