HedgeMountain

Kai Diversified Alternatives SP

Chicago, IL · CIK 2059157
Emerging

Kai Diversified Alternatives SP is a hedge fund based in Chicago, Illinois. According to its most recent Form D, filed Jun 1, 2026, the fund has sold $18,454,776 of interests to 27 investors since its first sale in Aug 2024. The minimum investment it accepts from an outside investor is $250,000. 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 John Klimek.

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
$18,454,776Cumulative sales reported on Form D
Investors
27
First sale
Aug 1, 2024
Minimum investment
$250,000
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
John Klimek
Latest Form D
Jun 1, 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 43% of the 321 hedge funds based in Illinois, and more than 28% of all 10,157 that report sales.

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