Prime Reserve Fund LLC is a private equity fund based in Dover, Delaware. According to its most recent Form D, filed Mar 27, 2025, it has sold $4,000,000 of interests to 1 investor since its first sale in Mar 2025. The minimum investment it accepts from an outside investor is $50,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. 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 Matthew Donowho.
- Total raised
- $4,000,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Mar 17, 2025
- Minimum investment
- $50,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Matthew Donowho
- Latest Form D
- Mar 27, 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 Prime Reserve Fund LLC
What is the minimum investment for Prime Reserve Fund LLC?
According to its latest Form D, filed Mar 27, 2025, the minimum investment Prime Reserve Fund LLC accepts from an outside investor is $50,000.
Who can invest in Prime Reserve Fund LLC?
Prime Reserve 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(b), which does not allow general advertising.
How much has Prime Reserve Fund LLC raised?
Prime Reserve Fund LLC reports $4,000,000 sold from 1 investor on its Form D filed Mar 27, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Prime Reserve Fund LLC based?
Prime Reserve Fund LLC is based in Dover, Delaware.
When did Prime Reserve Fund LLC launch?
Prime Reserve Fund LLC 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 private equity fund
Raised more than 84% of the 639 private equity funds based in Delaware, and more than 32% of all 9,142 that report sales.