New Hedge Fund PCE Takes In $457 Million From Two Investors
The filing names UBS Asset Management (Americas) LLC as investment manager and lists members of a management board as related persons.
PCE LLC, a hedge fund formed in 2026, has sold $456.7 million of interests to two investors since its first sale on Sept. 30, according to a Form D filed with the US Securities and Exchange Commission.
The filing, dated Oct. 16, reports an exact total of $456,660,000 sold. It lists UBS Asset Management (Americas) LLC as a related person with the role of investment manager.
Michael Kim, Cassandra Powell and Philip Dickie are each named in the filing as a member of the management board.
PCE is a Delaware limited liability company, the filing shows. It relies on an Investment Company Act exemption that limits the fund to qualified purchasers.
"The fund charges a management fee that is described in the fund's offering documents," the filing says. It doesn't give the fee.