Buffalo Thorn FEM Fund, LP is a hedge fund based in New York, New York. According to its most recent Form D, filed Oct 1, 2025, the fund has sold $4,544,000 of interests to 9 investors since its first sale in Feb 2021. The minimum investment it accepts from an outside investor is $500,000. 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 Buffalo Thorn Capital Management GP, LLC; Buffalo Thorn Capital Management, LLC; Sebastiaan Kwakkenbos.
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
- $4,544,000Cumulative sales reported on Form D
- Investors
- 9
- First sale
- Feb 22, 2021
- Minimum investment
- $500,000
- 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
- Buffalo Thorn Capital Management GP, LLC; Buffalo Thorn Capital Management, LLC; Sebastiaan Kwakkenbos
- Latest Form D
- Oct 1, 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 18% of the 2,479 hedge funds based in New York, and more than 14% of all 10,157 that report sales.