Targa Partners Master, LP is a private investment fund based in Lee, New Hampshire. According to its most recent Form D, filed Oct 8, 2025, it has sold $2,110,000 of interests to 12 investors since its first sale in Sep 2025. The minimum investment it accepts from an outside investor is $50,000. 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 LLC Targa Partners; LLC Allocations Fund Administration; Richard Thoms.
- Total raised
- $2,110,000Cumulative sales reported on Form D
- Investors
- 12
- First sale
- Sep 23, 2025
- Minimum investment
- $50,000
- 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
- LLC Targa Partners; LLC Allocations Fund Administration; Richard Thoms
- Latest Form D
- Oct 8, 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 Targa Partners Master, LP
What is the minimum investment for Targa Partners Master, LP?
According to its latest Form D, filed Oct 8, 2025, the minimum investment Targa Partners Master, LP accepts from an outside investor is $50,000.
Who can invest in Targa Partners Master, LP?
Targa Partners Master, 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 Targa Partners Master, LP raised?
Targa Partners Master, LP reports $2,110,000 sold from 12 investors on its Form D filed Oct 8, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Targa Partners Master, LP based?
Targa Partners Master, LP is based in Lee, New Hampshire.
When did Targa Partners Master, LP launch?
Targa Partners Master, LP reports its first sale in Sep 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 investment fund
Raised more than 41% of the 17 private investment funds based in New Hampshire, and more than 21% of all 10,266 that report sales.