Terrapin Realization Fund, LLC
Terrapin Realization Fund, LLC is a hedge fund based in Miami, Florida. According to its most recent Form D, filed Feb 6, 2026, the fund has sold $40,193,463 of interests to 30 investors since its first sale in Feb 2019. The minimum investment it accepts from an outside investor is $1,000,000. 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. Related persons named in the filing include Nathan Leight.
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
- $40,193,463Cumulative sales reported on Form D
- Investors
- 30
- First sale
- Feb 8, 2019
- Minimum investment
- $1,000,000
- 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
- Nathan Leight
- Latest Form D
- Feb 6, 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 Terrapin Realization Fund, LLC
What is the minimum investment for Terrapin Realization Fund, LLC?
According to its latest Form D, filed Feb 6, 2026, the minimum investment Terrapin Realization Fund, LLC accepts from an outside investor is $1,000,000.
Who can invest in Terrapin Realization Fund, LLC?
Terrapin Realization Fund, 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 Terrapin Realization Fund, LLC raised?
Terrapin Realization Fund, LLC reports $40,193,463 sold from 30 investors on its Form D filed Feb 6, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Terrapin Realization Fund, LLC based?
Terrapin Realization Fund, LLC is based in Miami, Florida and is managed by Terrapin Asset Management, LLC.
When did Terrapin Realization Fund, LLC launch?
Terrapin Realization Fund, LLC reports its first sale in Feb 2019.
Size compared with every hedge fund
Raised more than 67% of the 750 hedge funds based in Florida, and more than 42% of all 10,308 that report sales.