Tonka Partners, LLC is a real estate fund based in Excelsior, Minnesota. According to its most recent Form D, filed Feb 2, 2026, it has sold $1,800,000 of interests to 10 investors since its first sale in Dec 2025. The filing does not set a minimum investment. 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 Erik Johnson; Leif Eikevik; Raymond Mithun.
- Total raised
- $1,800,000Cumulative sales reported on Form D
- Investors
- 10
- First sale
- Dec 5, 2025
- Minimum investment
- None set
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Erik Johnson; Leif Eikevik; Raymond Mithun
- Latest Form D
- Feb 2, 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. 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 Tonka Partners, LLC
What is the minimum investment for Tonka Partners, LLC?
Tonka Partners, LLC's latest Form D, filed Feb 2, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Tonka Partners, LLC?
Tonka Partners, LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(b), which does not allow general advertising.
How much has Tonka Partners, LLC raised?
Tonka Partners, LLC reports $1,800,000 sold from 10 investors on its Form D filed Feb 2, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Tonka Partners, LLC based?
Tonka Partners, LLC is based in Excelsior, Minnesota.
When did Tonka Partners, LLC launch?
Tonka Partners, LLC reports its first sale in Dec 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 real estate fund
Raised more than 56% of the 194 real estate funds based in Minnesota, and more than 43% of all 7,316 that report sales.