PL Capital Plus Fund, L.P. is a hedge fund based in Naples, Florida. According to its most recent Form D, filed May 22, 2026, the fund has sold $3,553,501 of interests to 14 investors since its first sale in Mar 2024. The filing does not set a minimum investment. 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 PL Capital Advisors, LLC; PL Capital, LLC; John Palmer.
Performance
No verified returns have been reported for this fund. As a rough guide, PL Capital Advisors, LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +15.6% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +66.7% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $3,553,501Cumulative sales reported on Form D
- Investors
- 14
- First sale
- Mar 1, 2024
- Minimum investment
- None set
- 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
- PL Capital Advisors, LLC; PL Capital, LLC; John Palmer
- Latest Form D
- May 22, 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 PL Capital Plus Fund, L.P.
What is the minimum investment for PL Capital Plus Fund, L.P.?
PL Capital Plus Fund, L.P.'s latest Form D, filed May 22, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in PL Capital Plus Fund, L.P.?
PL Capital Plus Fund, L.P. 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 PL Capital Plus Fund, L.P. raised?
PL Capital Plus Fund, L.P. reports $3,553,501 sold from 14 investors on its Form D filed May 22, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is PL Capital Plus Fund, L.P. based?
PL Capital Plus Fund, L.P. is based in Naples, Florida and is managed by PL Capital Advisors, LLC.
When did PL Capital Plus Fund, L.P. launch?
PL Capital Plus Fund, L.P. reports its first sale in Mar 2024, 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 35% of the 750 hedge funds based in Florida, and more than 12% of all 10,308 that report sales.