Independent Access Partners Equity Market Neutral Fund, LLC is a hedge fund based in Hunt Valley, Maryland. According to its most recent Form D, filed Sep 2, 2026, the fund has sold $15,924,754 of interests to 68 investors since its first sale in Sep 2022. The minimum investment it accepts from an outside investor is $100,000. 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 Leo Kelly III; Independent Access Partners, LLC; Matthew Andrulot.
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
- $15,924,754Cumulative sales reported on Form D
- Investors
- 68
- First sale
- Sep 1, 2022
- Minimum investment
- $100,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Leo Kelly III; Independent Access Partners, LLC; Matthew Andrulot
- Latest Form D
- Sep 2, 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 35% of the 62 hedge funds based in Maryland, and more than 27% of all 10,157 that report sales.