Platinum Fund LLC is a hedge fund based in New York, New York. According to its most recent Form D, filed Nov 29, 2023, the fund has sold $323,528,816 of interests to 244 investors since its first sale in Jan 2006. The minimum investment it accepts from an outside investor is $250,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Optima Managers GP-MM LLC.
Performance
No 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
- $323,528,816Cumulative sales reported on Form D
- Investors
- 244
- First sale
- Jan 1, 2006
- Minimum investment
- $250,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Optima Managers GP-MM LLC
- Latest Form D
- Nov 29, 2023
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 Platinum Fund LLC
What is the minimum investment for Platinum Fund LLC?
According to its latest Form D, filed Nov 29, 2023, the minimum investment Platinum Fund LLC accepts from an outside investor is $250,000.
Who can invest in Platinum Fund LLC?
Platinum Fund LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has Platinum Fund LLC raised?
Platinum Fund LLC reports $323,528,816 sold from 244 investors on its Form D filed Nov 29, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Platinum Fund LLC based?
Platinum Fund LLC is based in New York, New York.
When did Platinum Fund LLC launch?
Platinum Fund LLC reports its first sale in Jan 2006.
Size compared with every hedge fund
Raised more than 73% of the 2,526 hedge funds based in New York, and more than 76% of all 10,127 that report sales.