Phase3 Global Rates Fund LLC
Phase3 Global Rates Fund LLC is a hedge fund based in Boca Raton, Florida. According to its most recent Form D, filed Mar 18, 2026, the fund has sold $20,501,206 of interests to 9 investors since its first sale in Aug 2022. The minimum investment it accepts from an outside investor is $1,000,000. 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 Phase 3 Capital Management LLC; Shane Hoover; Karim Alwan.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $20,501,206Cumulative sales reported on Form D
- Investors
- 9
- First sale
- Aug 1, 2022
- Minimum investment
- $1,000,000
- 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
- Phase 3 Capital Management LLC; Shane Hoover; Karim Alwan
- Latest Form D
- Mar 18, 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. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Phase3 Global Rates Fund LLC
What is the minimum investment for Phase3 Global Rates Fund LLC?
According to its latest Form D, filed Mar 18, 2026, the minimum investment Phase3 Global Rates Fund LLC accepts from an outside investor is $1,000,000.
Who can invest in Phase3 Global Rates Fund LLC?
Phase3 Global Rates 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(b), which does not allow general advertising.
How much has Phase3 Global Rates Fund LLC raised?
Phase3 Global Rates Fund LLC reports $20,501,206 sold from 9 investors on its Form D filed Mar 18, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Phase3 Global Rates Fund LLC based?
Phase3 Global Rates Fund LLC is based in Boca Raton, Florida and is managed by Phase 3 Capital Management LLC.
When did Phase3 Global Rates Fund LLC launch?
Phase3 Global Rates Fund LLC reports its first sale in Aug 2022, 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 hedge fund
Raised more than 58% of the 750 hedge funds based in Florida, and more than 31% of all 10,308 that report sales.