0001145549-24-013771.txt : 20240229 0001145549-24-013771.hdr.sgml : 20240229 20240229154154 ACCESSION NUMBER: 0001145549-24-013771 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240229 DATE AS OF CHANGE: 20240229 PERIOD START: 20240331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hatteras Core Alternatives Fund, L.P. CENTRAL INDEX KEY: 0001310192 ORGANIZATION NAME: 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: 24703215 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 2024-03-31 2023-12-31 N 2812953.270000000000 277742.490000000000 2535210.780000000000 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 0.000000000000 N US BANK MMDA - USBFS 2 N/A US BANK MMDA - USBFS 2 N/A 2106.000000000000 NS USD 2105.940000000000 0.0830676493 Long STIV RF US N 1 N N N Hatteras Master Fund, L.P. 549300DPUW2OGXYMY560 Hatteras Master Fund, L.P. N/A 2655017.79 NS USD 2655017.79 104.7257218589 Long EC RF US Y N/A N N N 2024-02-29 Hatteras Core Alternatives Fund, L.P. /s/ Brittney Chick-Reny Hatteras Core Alternatives Fund, L.P. Secretary XXXX NPORT-EX 2 core-alt.htm SCHEDULE OF INVESTMENTS AND NOTES
Hatteras Core Alternatives Fund, L.P.
 Schedule of Investments
 
December 31, 2023 (Unaudited)
  
Hatteras Core Alternatives Fund, L.P. (1)
      
 
      
Investments in Hatteras Master Fund, L.P., at Value - (104.73%)
  
$
2,655,018
  
Liabilities in Excess of Other Assets - (-4.73%)
    
(119,807
)
Partners’ Capital — (100.00%)
  
$
2,535,211
  
         
(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
  
 
December 31, 2023 (Unaudited)
  
                     
Investments in Common Stock — (110.27%)
    
Shares
    
Cost
    
Fair Value
  
Beneficient - Class A(a)
      
39,986,905
      
296,609,977
      
19,437,635
  
Total Investments in Common Stock
              
296,609,977
      
19,437,635
  
 
                          
Total Investments — (110.27%)
              
296,609,977
      
19,437,635
  
Liabilities in Excess of Other Assets — (-10.27%)
                      
(1,810,768
)
Partners’ Capital — (100.00%)
                      
17,626,867
  
 
                          
(a) Non-income producing asset.
                          

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.

The following table presents the Fund’s fair value hierarchy for those assets and liabilities measured at fair value as of December 31, 2023.

Investments at Value
  
Level 1
    
Level 2
    
Level 3
    
Investments
Valued at NAV
    
Total
  
Investment Type
                              
Common Stock
  
$
19,437,635
    
$
-
    
$
-
    
$
-
    
$
19,437,635
  
     Total Investments
  
$
19,437,635
    
$
-
    
$
-
    
$
-
    
$
19,437,635
  

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, 2023
    
Transfers into/
(out of)
    
Net Realized Gain/(Loss)
    
Change in
Unrealized Appreciation/
(Depreciation)
    
Distributions
    
Gross Purchases
    
Gross Sales
    
Balances as of December 31, 2023
  
Private Preferred Equity
  
$
327,430,767
    
$
(327,430,767
)
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
Total Level 3 Investments
  
$
327,430,767
    
$
(327,430,767
)
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  

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.

The change in unrealized appreciation/depreciation from Level 3 investments held at December 31, 2023 is $0.