Acervus Fund LP is a hedge fund based in Glencoe, Illinois. According to its most recent Form D, filed Oct 7, 2025, the fund has sold $4,057,827 of interests to 5 investors since its first sale in Nov 2023. The minimum investment it accepts from an outside investor is $1,000,000. 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. 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 Kastl; Partners Acervus.
- Total raised
- $4,057,827Cumulative sales reported on Form D
- Investors
- 5
- First sale
- Nov 1, 2023
- Minimum investment
- $1,000,000
- 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 Kastl; Partners Acervus
- Latest Form D
- Oct 7, 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 24% of the 321 hedge funds based in Illinois, and more than 13% of all 10,157 that report sales.