Pine Tree State Fund, LLC is a private investment fund based in San Francisco, California. According to its most recent Form D, filed Nov 12, 2025, it has sold $5,000 of interests to 12 investors since its first sale in Oct 2025. The minimum investment it accepts from an outside investor is $5,000. 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 George Barry.
- Total raised
- $5,000Cumulative sales reported on Form D
- Investors
- 12
- First sale
- Oct 7, 2025
- Minimum investment
- $5,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- George Barry
- 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. 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 Pine Tree State Fund, LLC
What is the minimum investment for Pine Tree State Fund, LLC?
According to its latest Form D, filed Nov 12, 2025, the minimum investment Pine Tree State Fund, LLC accepts from an outside investor is $5,000.
Who can invest in Pine Tree State Fund, LLC?
Pine Tree State Fund, LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(b), which does not allow general advertising.
How much has Pine Tree State Fund, LLC raised?
Pine Tree State Fund, LLC reports $5,000 sold from 12 investors on its Form D filed Nov 12, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Pine Tree State Fund, LLC based?
Pine Tree State Fund, LLC is based in San Francisco, California.
When did Pine Tree State Fund, LLC launch?
Pine Tree State Fund, LLC reports its first sale in Oct 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 25% of the 1,702 private investment funds based in California, and more than 0% of all 10,212 that report sales.