TCM One LLC is a hedge fund based in Minneapolis, Minnesota. According to its most recent Form D, filed Jan 30, 2026, the fund has sold $494,777 of interests to 2 investors since its first sale in Feb 2025. 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 Thiele Capital Management, LLC; Alex Thiele.
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
- $494,777Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Feb 1, 2025
- 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
- Thiele Capital Management, LLC; Alex Thiele
- Latest Form D
- Jan 30, 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 TCM One LLC
What is the minimum investment for TCM One LLC?
According to its latest Form D, filed Jan 30, 2026, the minimum investment TCM One LLC accepts from an outside investor is $250,000.
Who can invest in TCM One LLC?
TCM One LLC 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 TCM One LLC raised?
TCM One LLC reports $494,777 sold from 2 investors on its Form D filed Jan 30, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is TCM One LLC based?
TCM One LLC is based in Minneapolis, Minnesota.
When did TCM One LLC launch?
TCM One LLC reports its first sale in Feb 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 10% of the 70 hedge funds based in Minnesota, and more than 3% of all 10,307 that report sales.