Phase3 Offshore Fund LP is a private investment fund based in Boca Raton,, Florida. According to its most recent Form D, filed Sep 19, 2025, it has sold $3,085,000 of interests to 5 investors since its first sale in Dec 2021. 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 Eric White; Shane Hoover; Ethan Youderian.
- Total raised
- $3,085,000Cumulative sales reported on Form D
- Investors
- 5
- First sale
- Dec 29, 2021
- 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
- Eric White; Shane Hoover; Ethan Youderian
- Latest Form D
- Sep 19, 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. 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 Phase3 Offshore Fund LP
What is the minimum investment for Phase3 Offshore Fund LP?
According to its latest Form D, filed Sep 19, 2025, the minimum investment Phase3 Offshore Fund LP accepts from an outside investor is $1,000,000.
Who can invest in Phase3 Offshore Fund LP?
Phase3 Offshore Fund LP 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 Offshore Fund LP raised?
Phase3 Offshore Fund LP reports $3,085,000 sold from 5 investors on its Form D filed Sep 19, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Phase3 Offshore Fund LP based?
Phase3 Offshore Fund LP is based in Boca Raton,, Florida.
When did Phase3 Offshore Fund LP launch?
Phase3 Offshore Fund LP reports its first sale in Dec 2021, 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 52% of the 868 private investment funds based in Florida, and more than 26% of all 10,333 that report sales.