0001145549-22-013587.txt : 20220301 0001145549-22-013587.hdr.sgml : 20220301 20220301110445 ACCESSION NUMBER: 0001145549-22-013587 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20211231 FILED AS OF DATE: 20220301 PERIOD START: 20220331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hatteras Core Alternatives Fund, L.P. CENTRAL INDEX KEY: 0001310192 IRS NUMBER: 201928970 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21685 FILM NUMBER: 22695170 BUSINESS ADDRESS: STREET 1: 8510 COLONNADE CENTER DRIVE STREET 2: SUITE 150 CITY: RALEIGH STATE: NC ZIP: 27615 BUSINESS PHONE: (919) 846-2324 MAIL ADDRESS: STREET 1: 8510 COLONNADE CENTER DRIVE STREET 2: SUITE 150 CITY: RALEIGH STATE: NC ZIP: 27615 FORMER COMPANY: FORMER CONFORMED NAME: Hatteras Multi-Strategy Fund, L.P. DATE OF NAME CHANGE: 20081106 FORMER COMPANY: FORMER CONFORMED NAME: Hatteras Multi-Strategy Fund I, L.P. DATE OF NAME CHANGE: 20041130 NPORT-P 1 primary_doc.xml NPORT-P false 0001310192 XXXXXXXX Hatteras Core Alternatives Fund, L.P. 811-21685 0001310192 54930047A4TE88BJCT08 8510 Colonnade Center Drive Suite 150 Raleigh 27615 919-846-2324 Hatteras Core Alternatives Fund, L.P. 54930047A4TE88BJCT08 2022-03-31 2021-12-31 N 48820996.510000000000 1108556.140000000000 47712440.370000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 N US BANK MONEY MARKET ACCOUNT-USBFS 2 N/A US BANK MONEY MARKET ACCOUNT-USBFS 2 N/A 200000 NS USD 200000 0.4191778883 Long STIV RF US Y 1 N N N Hatteras Master Fund, L.P. 549300DPUW2OGXYMY560 Hatteras Master Fund, L.P. N/A 47663919.24 NS Private Investment USD 47663919.24 99.8983050759 Long EC RF US Y N/A N N N 2022-03-01 Hatteras Core Alternatives Fund, L.P. /s/ Brittney Chick-Reny Brittney Chick-Reny Secretary XXXX NPORT-EX 2 core-alt.htm SCHEDULE OF INVESTMENTS AND NOTES


Hatteras Core Alternatives Fund, L.P.
    Schedule of Investments
   
December 31, 2021 (Unaudited)
 
Hatteras Core Alternavitves Fund, L.P. (1)
        
           
 
Investments in Hatteras Master Fund, L.P., at Value - (99.90%)
    
 $     47,663,919
 
Other Assets in Excess of Liabilities - (0.10%)
    
48,521
 
Partners’ Capital — (100.00%)
      
 $     47,712,440
           
 
(1) Invests the majority of its assets in Hatteras Master Fund, L.P.
    
 
      The Schedule of Investments of Hatteras Master Fund, L.P. is included below.
  


Hatteras Master Fund LP
Schedule of Investments
     
12/31/2021 (Unaudited)
             
Investments in Private Preferred Equity — (98.76%)
  
Shares
Cost
Fair Value
   
The Beneficient Company Group, L.P. - Preferred Series B-2 Unit Accounts (a)
      310,995,091
      311,989,554
   
Total Investments in Private Preferred Equity
    
310,995,091
311,989,554
             
             
   
Total Investments (98.76%)
    
310,995,091
311,989,554
   
Other Assets in Excess of Liabilities (1.24%)
      
           3,909,186
   
Partners’ Capital — (100.00%)
      
315,898,740
             
   
(a) Private Preferred Equity security has limited resale or redemptions terms.
    

Valuation of Investments

The Hatteras Master Fund, L.P. (the “Fund”) classifies its assets and liabilities that are reported at fair value, not valued using net asset value (“NAV”) as the practical expedient into three levels based on the lowest level of input that is significant to the fair value measurement. Estimated values may differ from the values that would have been used if a ready market existed or if the investments were liquidated at the valuation date.
 
The three-tier hierarchy distinguishes between (1) inputs that reflect the assumptions market participants would use in pricing an asset or liability developed based on market data obtained from sources independent of the reporting entity (observable inputs) and (2) inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing an asset or liability developed based on the best information available in the circumstances (unobservable inputs) and to establish classification of fair value measurements for disclosure purposes. Various inputs may be used in determining the value of the Master Fund’s investments. The inputs are summarized in the three broad levels listed below:
 
Level 1 — quoted prices (unadjusted) in active markets for identical assets and liabilities.
 
Level 2 — Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets and inputs that are observable for the asset or liability, either directly or indirectly.
 
Level 3 — Inputs to the valuation methodology are unobservable and significant to the fair value measurement. This includes situations where there is little, if any, market activity for the asset or liability.

Investments at Value
  
Level 1
    
Level 2
    
Level 3
    
Investments
Valued at NAV
    
Total
  
Investment Type
                              
Private Preferred Equity
  
$
-
    
$
-
    
$
-
    
$
311,989,544
    
$
311,989,544
  
Total Investments
  
$
-
    
$
-
    
$
-
    
$
311,989,544
    
$
311,989,544
  

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value on recurring basis:

Level 3 Investments
  
Balances as of
March 31, 2021
    
Net Realized
Gain/(Loss)
    
Change in
Unrealized
Appreciation/
(Depreciation)
    
Distributions
    
Gross Purchases
    
Gross Sales
    
Balance as of
December 31, 2021
  
Private Investments
  
$
98,980
    
$
(1,674,891
)
  
$
1,674,891
    
$
-
    
$
-
    
$
(98,980
)
  
$
-
  
Private Companies
    
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total Level 3 Investments
  
$
98,980
    
$
(1,674,891
)
  
$
1,674,891
    
$
-
    
$
-
    
$
(98,980
)
  
$
-
  
                                                         
                                                         
For the period ended December 31, 2021, there were no transfers into or out of Level 1, Level 2 or Level 3.
 
Should a transfer between Levels occur, it is the Fund’s policy to recognize transfers in and out of all Levels at the beginning of reporting period.

There were no Level 3 investments held as of December 31, 2021.