Covariance Onshore Feeder, LP is a hedge fund based in Salt Lake City, Utah. According to its most recent Form D, filed Nov 26, 2025, the fund has sold $23,099,093 of interests to 29 investors since its first sale in Feb 2024. 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(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, HedgeMountain classifies it as an emerging manager. Related persons named in the filing include Covariance Fund GP, LLC; Brian Smedley; The Cynosure Group, LLC.
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.
Is this your fund? Report your monthly returns · How performance works
- Total raised
- $23,099,093Cumulative sales reported on Form D
- Investors
- 29
- First sale
- Feb 1, 2024
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Covariance Fund GP, LLC; Brian Smedley; The Cynosure Group, LLC
- Latest Form D
- Nov 26, 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 63% of the 52 hedge funds based in Utah, and more than 32% of all 10,157 that report sales.