Apd Fund LLC is a private investment fund based in Augusta, Kansas. According to its most recent Form D, filed May 19, 2026, it has sold $4,028,225 of interests to 20 investors since its first sale in Aug 2025. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Daniel Backing; Troy Palmer.
- Total raised
- $4,028,225Cumulative sales reported on Form D
- Investors
- 20
- First sale
- Aug 27, 2025
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Daniel Backing; Troy Palmer
- Latest Form D
- May 19, 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 AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Apd Fund LLC
What is the minimum investment for Apd Fund LLC?
Apd Fund LLC's latest Form D, filed May 19, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Apd Fund LLC?
Apd Fund LLC is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has Apd Fund LLC raised?
Apd Fund LLC reports $4,028,225 sold from 20 investors on its Form D filed May 19, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Apd Fund LLC based?
Apd Fund LLC is based in Augusta, Kansas.
When did Apd Fund LLC launch?
Apd Fund LLC reports its first sale in Aug 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every private investment fund
Raised more than 30% of the 23 private investment funds based in Kansas, and more than 29% of all 10,255 that report sales.