Mad River Long/Neutral Fund, L.P. is a hedge fund based in Arlington, Virginia. According to its most recent Form D, filed Apr 3, 2025, the fund has sold $14,737,557 of interests to 67 investors since its first sale in Apr 2008. The minimum investment it accepts from an outside investor is $100,000. 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. Related persons named in the filing include Mills Value Adviser, Inc; Charles Mills, IV.
- Total raised
- $14,737,557Cumulative sales reported on Form D
- Investors
- 67
- First sale
- Apr 22, 2008
- Minimum investment
- $100,000
- 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
- Mills Value Adviser, Inc; Charles Mills, IV
- Latest Form D
- Apr 3, 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 41% of the 100 hedge funds based in Virginia, and more than 25% of all 10,157 that report sales.