Elementum Directus Onshore Fund LP is a hedge fund based in Chicago, Illinois. According to its most recent Form D, filed Nov 4, 2025, the fund has sold $48,846,094 of interests to 11 investors since its first sale in Jun 2012. The filing does not set a minimum investment. 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 John DeCaro; Elementum Advisors, LLC; Michael France.
- Total raised
- $48,846,094Cumulative sales reported on Form D
- Investors
- 11
- First sale
- Jun 1, 2012
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- John DeCaro; Elementum Advisors, LLC; Michael France
- Latest Form D
- Nov 4, 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 57% of the 321 hedge funds based in Illinois, and more than 45% of all 10,157 that report sales.
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- Elementum Opportunities Fund Ltd. - Class 1 Sub-Fund - Series 2026$100M
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