The Precept Fund, L.P.
Hedge FundFund ID 805-8675150549Texas, United States
Gross assets
$9.7M
Min. investment
$500K
Beneficial owners
1
Size rank
Top 78%
Audited
Yes
Structure
Standalone
About this fund
The Precept Fund, L.P. is a hedge fund managed by Precept Management, LLC. The fund reports $9.7 million in gross assets, placing it among the top 78% 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 ID | 805-8675150549 |
| Fund type | Hedge Fund |
| 3(c)(1) exclusion | Yes |
| 3(c)(7) exclusion | No |
| Master fund | No |
| Feeder fund | No |
| Fund of funds | Yes |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| Sales limited to qualified investors | No |
| % of assets independently valued | 0% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| Precept Special Situation Fund, L.P. | Hedge | $2.9M |
| Precept Credit Opportunities Fund, L.P. | Hedge | $350K |
Frequently asked questions
How large is The Precept Fund, L.P.?
The Precept Fund, L.P. reports $9.7 million in gross assets, among the top 78% of private funds by size.
What is the minimum investment for The Precept Fund, L.P.?
The stated minimum investment is $500,000.
Who manages The Precept Fund, L.P.?
The Precept Fund, L.P. is managed by Precept Management, LLC.
Does The Precept Fund, L.P. disclose returns?
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.
Manager
P
Dallas, TX
Service providers
Prime broker
Custodian
Administrator
Auditor
Reported gross assets
$9.7MNo change
Mar '25Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 78%
Larger than 22% of 67,041 private funds
Gross assets vs Hedge FundsTop 88%
Larger than 12% of 12,442 hedge funds
Minimum investmentTop 50%
Higher than 50% of funds reporting a minimum
Investor base
Adviser & related persons1%
Funds of funds1%
Non-U.S. persons%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.