LIT Fund 1, LP is a hedge fund based in Amherst, Massachusetts. According to its most recent Form D, filed Oct 1, 2026, the fund has sold $971,000 of interests to 10 investors since its first sale in May 2026. The filing does not set a minimum investment. 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 Lit GP 1, LLC; Long Iron Technologies, LLC; Joseph Grochmal.
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
- $971,000Cumulative sales reported on Form D
- Investors
- 10
- First sale
- May 22, 2026
- Minimum investment
- None set
- 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
- Lit GP 1, LLC; Long Iron Technologies, LLC; Joseph Grochmal
- Latest Form D
- Oct 1, 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 7% of the 474 hedge funds based in Massachusetts, and more than 5% of all 10,334 that report sales.