Preferred Option Fund LP is a hedge fund based in Neosho, Wisconsin. According to its most recent Form D, filed Apr 23, 2026, the fund has sold $1,763,816 of interests to 8 investors since its first sale in Mar 2025. The minimum investment it accepts from an outside investor is $100,000. 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 Preferred Capital Management LLC; Jesse Deckert.
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.
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- Total raised
- $1,763,816Cumulative sales reported on Form D
- Investors
- 8
- First sale
- Mar 15, 2025
- Minimum investment
- $100,000
- 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
- Preferred Capital Management LLC; Jesse Deckert
- Latest Form D
- Apr 23, 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 Preferred Option Fund LP
What is the minimum investment for Preferred Option Fund LP?
According to its latest Form D, filed Apr 23, 2026, the minimum investment Preferred Option Fund LP accepts from an outside investor is $100,000.
Who can invest in Preferred Option Fund LP?
Preferred Option 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 Preferred Option Fund LP raised?
Preferred Option Fund LP reports $1,763,816 sold from 8 investors on its Form D filed Apr 23, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Preferred Option Fund LP based?
Preferred Option Fund LP is based in Neosho, Wisconsin.
When did Preferred Option Fund LP launch?
Preferred Option Fund LP reports its first sale in Mar 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 hedge fund
Raised more than 37% of the 30 hedge funds based in Wisconsin, and more than 8% of all 10,308 that report sales.