A New Way to Search Private Funds
Ever tried searching EDGAR records for fund data? Then you're probably have faced the frustration of trying to find anything useful. Not that it's surprising the SEC uses a outdated search form that makes it difficult to find the information your searching for. But still... one would think with million dollar budgets the SEC could make the data a bit more user-friendly.
1) Searched for a specific fund/company information, only to find the data is spread across dozens of different forms...making it tiresome to find the data you're looking for.
2) Attempted to search for funds based on size, investment strategy, number of accounts, pooled investments etc. only to find that none of these are valid search criteria.
3) Wanted to sort or filter results to find the specific companies or people you're looking for...only to find this too is not an option with the SEC's EDGAR database.
Well, finally there is a solution. A new company has launched that allows you to search records from more than 6,000 fund managers, 20,000 private funds, and more than 30,000 fund employees.
Anyone who has ever used the EDGAR database will find Private Fund Data to be a very welcome relief to the old days of painstakingly combing through SEC data. The search function is extremely intuitive and the results are clearly organized.
As a test, we searched funds with more than $1 billion in assets in New York. It returned 145 results.
We also tried searching real estate funds with a minimum investment of $50,000 or less. Instantly 749 results!
You could never do searches this way with EDGAR.
It's free to use (though after a certain amount of searches you will be prompted to sign up for a paid plan with unlimited searches) and its a far far better alternative to EDGAR.