Realist Investment Fund, LP is a hedge fund based in Hillsborough, California. According to its most recent Form D, filed Mar 17, 2026, the fund has sold $1,350,000 of interests to 3 investors since its first sale in Feb 2026. The minimum investment it accepts from an outside investor is $500,000. 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 Craig Sprosts.
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
- $1,350,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Feb 25, 2026
- Minimum investment
- $500,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Net asset value range
- $1 - $5,000,000Self-reported
- Key people and entities
- Craig Sprosts
- Latest Form D
- Mar 17, 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 Realist Investment Fund, LP
What is the minimum investment for Realist Investment Fund, LP?
According to its latest Form D, filed Mar 17, 2026, the minimum investment Realist Investment Fund, LP accepts from an outside investor is $500,000.
Who can invest in Realist Investment Fund, LP?
Realist Investment 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 Realist Investment Fund, LP raised?
Realist Investment Fund, LP reports $1,350,000 sold from 3 investors on its Form D filed Mar 17, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Realist Investment Fund, LP based?
Realist Investment Fund, LP is based in Hillsborough, California.
When did Realist Investment Fund, LP launch?
Realist Investment Fund, LP reports its first sale in Feb 2026, 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 20% of the 1,060 hedge funds based in California, and more than 7% of all 10,308 that report sales.