Bandera Value Fund LLC is a hedge fund based in Brooklyn, New York. According to its most recent Form D, filed May 30, 2025, the fund has sold $179,608,268 of interests to 29 investors since its first sale in May 2007. 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. Related persons named in the filing include Bandera Partners LLC; Natalie Banas; Jefferson Gramm.
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.
Is this your fund? Report your monthly returns · How performance works
- Total raised
- $179,608,268Cumulative sales reported on Form D
- Investors
- 29
- First sale
- May 1, 2007
- 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
- Bandera Partners LLC; Natalie Banas; Jefferson Gramm
- Latest Form D
- May 30, 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 63% of the 2,479 hedge funds based in New York, and more than 67% of all 10,157 that report sales.