SPX Program Fund LP is a hedge fund based in Sparks, Nevada. According to its most recent Form D, filed Jun 4, 2026, the fund has sold $4,539,000 of interests to 20 investors since its first sale in May 2024. The minimum investment it accepts from an outside investor is $250,000. 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 David Chau; SPX Mgmt LLC.
- Total raised
- $4,539,000Cumulative sales reported on Form D
- Investors
- 20
- First sale
- May 14, 2024
- Minimum investment
- $250,000
- 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
- David Chau; SPX Mgmt LLC
- Latest Form D
- Jun 4, 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 56% of the 39 hedge funds based in Nevada, and more than 14% of all 10,157 that report sales.