India Challenger Fund, LP is a hedge fund based in Plainsboro, New Jersey. According to its most recent Form D, filed Apr 13, 2026, the fund has sold $3,325,000 of interests to 18 investors since its first sale in Jan 2023. The minimum investment it accepts from an outside investor is $100,000. 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 India Challenger Fund GP, LLC; Lokesh Sharma; Paleo Leon Inc.
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
- $3,325,000Cumulative sales reported on Form D
- Investors
- 18
- First sale
- Jan 1, 2023
- Minimum investment
- $100,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- India Challenger Fund GP, LLC; Lokesh Sharma; Paleo Leon Inc
- Latest Form D
- Apr 13, 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 26% of the 213 hedge funds based in New Jersey, and more than 12% of all 10,157 that report sales.