Black Lotus Onshore Fund LP is a hedge fund based in San Juan, Puerto Rico. According to its most recent Form D, filed Nov 19, 2025, the fund has sold $3,000,000 of interests to 17 investors since its first sale in Apr 2023. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, HedgeMountain classifies it as an emerging manager. Related persons named in the filing include Patrick McReynolds; Daniel Speicher; Samuel Lee.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to HedgeMountain directly.
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- Total raised
- $3,000,000Cumulative sales reported on Form D
- Investors
- 17
- First sale
- Apr 12, 2023
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Patrick McReynolds; Daniel Speicher; Samuel Lee
- Latest Form D
- Nov 19, 2025
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 39% of the 38 hedge funds based in Puerto Rico, and more than 11% of all 10,157 that report sales.