Punch Card Capital, L.P.
Punch Card Capital, L.P. is a hedge fund based in Winter Park, Florida. According to its most recent Form D, filed Aug 26, 2026, the fund has sold $272,162,300 of interests to 33 investors since its first sale in Jun 2004. The minimum investment it accepts from an outside investor is $3,000,000. 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 Punch Card Capital LLC; Punch Card Management LP; Norbert Lou.
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
- $272,162,300Cumulative sales reported on Form D
- Investors
- 33
- First sale
- Jun 1, 2004
- Minimum investment
- $3,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Punch Card Capital LLC; Punch Card Management LP; Norbert Lou
- Latest Form D
- Aug 26, 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 88% of the 743 hedge funds based in Florida, and more than 73% of all 10,157 that report sales.