HEmerald Water Fund, L.P. is a hedge fund based in Long Grove, Illinois. According to its most recent Form D, filed Nov 5, 2025, the fund has sold $5,300,000 of interests to 4 investors since its first sale in Jul 2025. 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 HEmerald Water Capital, L.L.C; HEmerald Water GP, L.L.C; Junli He.
- Total raised
- $5,300,000Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Jul 1, 2025
- 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
- HEmerald Water Capital, L.L.C; HEmerald Water GP, L.L.C; Junli He
- Latest Form D
- Nov 5, 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 26% of the 321 hedge funds based in Illinois, and more than 15% of all 10,157 that report sales.