First In Patriot Castelion LLC is a venture capital fund based in Hobe Sound, Florida. According to its most recent Form D, filed Sep 17, 2026, it has sold $17,623,678 of interests to 42 investors since its first sale in Aug 2025. The minimum investment it accepts from an outside investor is $25,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Arthur Karell; Forbes McPherson.
- Total raised
- $17,623,678Cumulative sales reported on Form D
- Investors
- 42
- First sale
- Aug 26, 2025
- Minimum investment
- $25,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Arthur Karell; Forbes McPherson
- Latest Form D
- Sep 17, 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 First In Patriot Castelion LLC
What is the minimum investment for First In Patriot Castelion LLC?
According to its latest Form D, filed Sep 17, 2026, the minimum investment First In Patriot Castelion LLC accepts from an outside investor is $25,000.
Who can invest in First In Patriot Castelion LLC?
First In Patriot Castelion 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(b), which does not allow general advertising.
How much has First In Patriot Castelion LLC raised?
First In Patriot Castelion LLC reports $17,623,678 sold from 42 investors on its Form D filed Sep 17, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is First In Patriot Castelion LLC based?
First In Patriot Castelion LLC is based in Hobe Sound, Florida.
When did First In Patriot Castelion LLC launch?
First In Patriot Castelion 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 venture capital fund
Raised more than 85% of the 585 venture capital funds based in Florida, and more than 91% of all 15,160 that report sales.