SMC Total Return Fund, LP is a hedge fund based in New York, New York. According to its most recent Form D, filed Apr 10, 2026, the fund has sold $52,564,606 of interests to 30 investors since its first sale in Apr 2017. The minimum investment it accepts from an outside investor is $500,000. 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 John Steffens; Gregory Ho; SMC Total Return GP, 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
- $52,564,606Cumulative sales reported on Form D
- Investors
- 30
- First sale
- Apr 1, 2017
- Minimum investment
- $500,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- John Steffens; Gregory Ho; SMC Total Return GP, LLC
- Latest Form D
- Apr 10, 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 43% of the 2,479 hedge funds based in New York, and more than 46% of all 10,157 that report sales.