Black Bear Lta Fund I LP
Black Bear Lta Fund I LP is a hedge fund based in Newport Beach, California. According to its most recent Form D, filed Jul 14, 2026, the fund has sold $176,180,379 of interests to 3 investors since its first sale in May 2019. The minimum investment it accepts from an outside investor is $1. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include LongTail Alpha LLC; Vineer Bhansali.
- Total raised
- $176,180,379Cumulative sales reported on Form D
- Investors
- 3
- First sale
- May 29, 2019
- Minimum investment
- $1
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- LongTail Alpha LLC; Vineer Bhansali
- Latest Form D
- Jul 14, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and HedgeMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures
Size compared with every hedge fund
Raised more than 75% of the 1,051 hedge funds based in California, and more than 67% of all 10,157 that report sales.