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Horizon Kinetics Royalty and Real Assets Fund LP

Hedge FundFund ID 805-2648629605Delaware, United States
Gross assets
$48.9M
Min. investment
$500K
Beneficial owners
57
Size rank
Top 56%
Audited
Yes
Structure
Standalone

About this fund

Horizon Kinetics Royalty and Real Assets Fund LP is a hedge fund managed by Horizon Kinetics Asset Management LLC. The fund reports $48.9 million in gross assets, placing it among the top 56% of private funds by size. The stated minimum investment is $500,000. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.

Fund details

Fund ID805-2648629605
Fund typeHedge Fund
3(c)(1) exclusionNo
3(c)(7) exclusionYes
Master fundNo
Feeder fundNo
Fund of fundsNo
Relies on exemption from registrationYes
Annual auditYes
Prepared per GAAPYes
Sub-advisedNo
% of assets independently valued0%

Other funds from this manager

FundTypeGross assets
Horizon Kinetics Equity Opportunities Fund LPHedge$622.1M
Polestar Fund LPHedge$412.3M
Horizon Multi-Strategy Fund, LPHedge$199.9M
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Frequently asked questions

How large is Horizon Kinetics Royalty and Real Assets Fund LP?

Horizon Kinetics Royalty and Real Assets Fund LP reports $48.9 million in gross assets, among the top 56% of private funds by size.

What is the minimum investment for Horizon Kinetics Royalty and Real Assets Fund LP?

The stated minimum investment is $500,000.

Who manages Horizon Kinetics Royalty and Real Assets Fund LP?

Horizon Kinetics Royalty and Real Assets Fund LP is managed by Horizon Kinetics Asset Management LLC.

Does Horizon Kinetics Royalty and Real Assets Fund LP disclose returns?

No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.

Service providers

Prime broker
Custodian
Administrator

Reported gross assets

$48.9M▲ 88%
Mar '25 — $26MApr '25 — $26MMay '25 — $26MJun '25 — $26MJul '25 — $26MAug '25 — $26MSep '25 — $26MOct '25 — $26MNov '25 — $26MDec '25 — $26MJan '26 — $26MFeb '26 — $26MMar '26 — $48.9MApr '26 — $48.9MMay '26 — $48.9MJun '26 — $48.9M
Mar '25Form ADV, monthlyJun '26

How this fund compares

Gross assetsTop 56%
Larger than 44% of 67,041 private funds
Gross assets vs Hedge FundsTop 69%
Larger than 31% of 12,442 hedge funds
Minimum investmentTop 50%
Higher than 50% of funds reporting a minimum

Investor base

Adviser & related persons%
Funds of funds%
Non-U.S. persons%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.