Phase3 Master Fund LLC
Phase3 Master Fund LLC is a hedge fund based in Boca Raton, Florida. According to its most recent Form D, filed Nov 12, 2025, the fund has sold $45,646,750 of interests to 26 investors since its first sale in Oct 2019. 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. Related persons named in the filing include Shane Hoover; Karim Alwan; Eric White.
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.
Is this your fund? Report your monthly returns · How performance works
- Total raised
- $45,646,750Cumulative sales reported on Form D
- Investors
- 26
- First sale
- Oct 1, 2019
- 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
- Shane Hoover; Karim Alwan; Eric White
- Latest Form D
- Nov 12, 2025
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 Master Fund LLC
What is the minimum investment for Phase3 Master Fund LLC?
According to its latest Form D, filed Nov 12, 2025, the minimum investment Phase3 Master Fund LLC accepts from an outside investor is $1,000,000.
Who can invest in Phase3 Master Fund LLC?
Phase3 Master 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 Master Fund LLC raised?
Phase3 Master Fund LLC reports $45,646,750 sold from 26 investors on its Form D filed Nov 12, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Phase3 Master Fund LLC based?
Phase3 Master Fund LLC is based in Boca Raton, Florida.
When did Phase3 Master Fund LLC launch?
Phase3 Master Fund LLC reports its first sale in Oct 2019.
Size compared with every hedge fund
Raised more than 69% of the 750 hedge funds based in Florida, and more than 44% of all 10,308 that report sales.