Makaira Investors LP is a hedge fund based in La Jolla, California. According to its most recent Form D, filed Jul 31, 2025, the fund has sold $397,107,889 of interests to 62 investors since its first sale in Jun 2007. The minimum investment it accepts from an outside investor is $2,000,000. 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. Related persons named in the filing include Thomas Bancroft III; Joon Lee; Makaira Partners, LLC.
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
- $397,107,889Cumulative sales reported on Form D
- Investors
- 62
- First sale
- Jun 1, 2007
- Minimum investment
- $2,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Thomas Bancroft III; Joon Lee; Makaira Partners, LLC
- Latest Form D
- Jul 31, 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 84% of the 1,051 hedge funds based in California, and more than 79% of all 10,157 that report sales.