Protea Small Cap Fund LP is a hedge fund based in Philadelphia, Pennsylvania. According to its most recent Form D, filed Mar 9, 2026, the fund has sold $474,000 of interests to 2 investors since its first sale in Jan 2024. The minimum investment it accepts from an outside investor is $250,000. 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 Riskowitz Capital Management LLC; Sean Riskowitz.
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
- $474,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Jan 1, 2024
- Minimum investment
- $250,000
- 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
- Riskowitz Capital Management LLC; Sean Riskowitz
- Latest Form D
- Mar 9, 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 Protea Small Cap Fund LP
What is the minimum investment for Protea Small Cap Fund LP?
According to its latest Form D, filed Mar 9, 2026, the minimum investment Protea Small Cap Fund LP accepts from an outside investor is $250,000.
Who can invest in Protea Small Cap Fund LP?
Protea Small Cap 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 Protea Small Cap Fund LP raised?
Protea Small Cap Fund LP reports $474,000 sold from 2 investors on its Form D filed Mar 9, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Protea Small Cap Fund LP based?
Protea Small Cap Fund LP is based in Philadelphia, Pennsylvania.
When did Protea Small Cap Fund LP launch?
Protea Small Cap Fund LP reports its first sale in Jan 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 15% of the 143 hedge funds based in Pennsylvania, and more than 3% of all 10,308 that report sales.