Periscope Target Return Fund LP is a hedge fund based in Toronto, Ontario, Canada. According to its most recent Form D, filed Feb 26, 2026, the fund has sold $5,000,000 of interests to 1 investor since its first sale in Feb 2020. The minimum investment it accepts from an outside investor is $1. 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 James Wise; Stephen Elgee.
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
- $5,000,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Feb 1, 2020
- Minimum investment
- $1
- 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
- James Wise; Stephen Elgee
- Latest Form D
- Feb 26, 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 54% of the 26 hedge funds based in Ontario, Canada, and more than 14% of all 10,157 that report sales.