Emerging private investment managers in Illinois
Emerging private investment funds in Illinois: first sale in 2021 or later and under $50 million raised, largest first.
Fund
First sale
Raised
Investors
Minimum
Offering
NW1 Affordable Housing Fund I LP
Chicago, ILEmerging
First saleMay 2024
Raised$47.0M
Investors3
MinimumNone set
Offering506(b)
Trilogy Multifamily Opportunity Zone Fund, L.P.
Chicago, ILEmerging506(c)
First saleJun 2022
Raised$46.2M
Investors149
Minimum$100K
Offering506(c)
Steel City Sports Fund, LP
Northbrook, ILEmerging
First saleApr 2026
Raised$46.0M
Investors2
Minimum$23.0M
Offering506(b)
Efficient Diversified Fund, LLC 16V Series
Warrenville, ILEmerging
First saleSep 2023
Raised$46.0M
Investors225
MinimumNone set
Offering506(b)
Chicago Partners Diversified Tax Aware Fund, LLC
Chicago, ILEmerging
First saleDec 2025
Raised$42.7M
Investors121
Minimum$250K
Offering506(b)
ASP (Feeder) 2025 Non-US Fund LP
Chicago, ILEmerging
First saleDec 2024
Raised$42.0M
Investors2
MinimumNone set
Offering506(b)
NXT Capital Private Credit Fund I, LP
Chicago, ILEmerging
First saleJan 2025
Raised$41.8M
Investors122
Minimum$50K
Offering506(b)
TLG Diversified, L.P.
Chicago, ILEmerging
First saleFeb 2024
Raised$40.5M
Investors61
Minimum$250K
Offering506(b)
Efficient U.S. Funds, LLC - Osage Series
Warrenville, ILEmerging
First saleJan 2026
Raised$40.0M
Investors2
MinimumNone set
Offering506(b)
RREEF Core Plus Debt Fund LP
Chicago, ILEmerging
First saleOct 2026
Raised$40.0M
Investors1
MinimumNone set
Offering506(b)
Kabouter Transition Vehicle I, LLC
Chicago, ILEmerging
First saleApr 2021
Raised$35.4M
Investors29
Minimum$500K
Offering506(b)
ASP (Feeder) Asia Fund II LP
Chicago, ILEmerging
First saleJul 2024
Raised$35.0M
Investors3
MinimumNone set
Offering506(b)
Hyperion Fund LLC
Chicago, ILEmerging506(c)
First saleAug 2025
Raised$34.3M
Investors89
MinimumNone set
Offering506(c)
Adams Street (HNW Onshore) Global Secondary Fund 8 LP
Chicago, ILEmerging
First saleSep 2024
Raised$33.7M
Investors53
MinimumNone set
Offering506(b)
CRG GP Fund III, LP
Chicago, ILEmerging
First saleJul 2025
Raised$33.1M
Investors19
Minimum$1.0M
Offering506(b)
OCP Payments CV, L.P.
Chicago, ILEmerging
First saleApr 2026
Raised$32.0M
Investors20
MinimumNone set
Offering506(b)
Efficient U. S. Funds, LLC - Gemstone-Enhanced Multi-Asset Series
Warrenville, ILEmerging
First saleJul 2023
Raised$30.5M
Investors2
MinimumNone set
Offering506(b)
OCP Real Estate CV II, LP
Chicago, ILEmerging
First saleOct 2026
Raised$30.3M
Investors19
MinimumNone set
Offering506(b)
Impervious Investment LLC
Chicago, ILEmerging
First saleMar 2026
Raised$30.0M
Investors6
Minimum$75K
Offering506(b)
Ariel Emerging Markets Value Fund LLC
Chicago, ILEmerging
First saleDec 2024
Raised$30.0M
Investors2
MinimumNone set
Offering506(b)
Adams Street (PWS Onshore) 2025 Global Fund LP
Chicago, ILEmerging
First saleJan 2025
Raised$27.6M
Investors59
MinimumNone set
Offering506(b)
Galaxy Commodity - Polaris Fund II LLC
Wheaton, ILEmerging
First saleJul 2024
Raised$26.0M
Investors5
Minimum$10.0M
Offering506(b)
Fieldsong Hedged Equities Master Fund, LP
Chicago, ILEmerging506(c)
First saleMay 2024
Raised$25.0M
Investors31
Minimum$200K
Offering506(c)
DRW Canton Fund LP
Chicago, ILEmerging
First saleOct 2025
Raised$24.9M
Investors488
Minimum$5K
Offering506(b)
Promus Realty V, LP
Chicago, ILEmerging
First saleJan 2026
Raised$24.6M
Investors47
Minimum$250K
Offering506(b)
Origin Select Asset Fund, LLC
Chicago, ILEmerging506(c)
First saleMar 2026
Raised$24.1M
Investors124
Minimum$100K
Offering506(c)
OCM PW Lambda LLC
Chicago, ILEmerging
First saleSep 2025
Raised$23.3M
Investors109
Minimum$50K
Offering506(b)
Bowmoor Global Alpha Aggressive Fund LLC
Chicago, ILEmerging
First saleJul 2024
Raised$23.3M
Investors17
MinimumNone set
Offering506(b)
ProDev Mosaic, LP
Chicago, ILEmerging
First saleNov 2025
Raised$22.5M
Investors52
Minimum$15K
Offering506(b)
LSV Global Small Micro Cap Equity Fund, LP
Chicago, ILEmerging
First saleMay 2023
Raised$21.6M
Investors13
MinimumNone set
Offering506(b)
InvestBev Growth Fund V, LP
Chicago, ILEmerging506(c)
First saleJul 2024
Raised$21.5M
Investors52
MinimumNone set
Offering506(c)
Cedar Street International Small Cap Impact Opportunities Fund L.P.
Chicago, ILEmerging
First saleFeb 2024
Raised$20.8M
Investors6
Minimum$500K
Offering506(b)
Angeles Ventures Fund I, LP
Chicago, ILEmerging
First saleSep 2023
Raised$20.0M
Investors95
MinimumNone set
Offering506(b)
Global Moat Offshore Fund, LP
Chicago, ILEmerging
First saleFeb 2021
Raised$20.0M
Investors2
Minimum$1.0M
Offering506(b)
Diversified Equity Fund II LLC
Chicago, ILEmerging
First saleApr 2026
Raised$19.9M
Investors18
Minimum$250K
Offering506(b)
Middleton Open Season Fund II LP
Lake Forest, ILEmerging
First saleSep 2025
Raised$17.4M
Investors32
MinimumNone set
Offering506(b)
Middleton Open Season Fund II-A LP
Lake Forest, ILEmerging
First saleSep 2025
Raised$17.4M
Investors9
MinimumNone set
Offering506(b)
Air Diversified Life Strategy Qc LP
Chicago, ILEmerging
First saleJan 2025
Raised$16.4M
Investors57
Minimum$1
Offering506(b)
Clear Height Crossroads Industrial Fund II, L.P.
Oak Brook, ILEmerging
First saleMay 2024
Raised$15.5M
Investors69
Minimum$500K
Offering506(b)
Real Estate Opportunities Fund V, LLC
Chicago, ILEmerging506(c)
First saleJul 2025
Raised$14.5M
Investors21
MinimumNone set
Offering506(c)
Galaxy Plus Fund LLC - Westbeck Energy Opportunity Feeder Fund (598)
Wheaton, ILEmerging
First saleSep 2026
Raised$12.5M
Investors2
Minimum$500K
Offering506(b)
LLCap Project Benefit, LP
Chicago, ILEmerging
First saleOct 2025
Raised$12.0M
Investors2
MinimumNone set
Offering506(b)
HCM R-E Partners, LP (Series C)
Oakbrook, ILEmerging
First saleMar 2025
Raised$12.0M
Investors15
MinimumNone set
Offering506(b)
Gordian Multistrategy Fund, LLC
Lake Bluff, ILEmerging
First saleFeb 2021
Raised$11.9M
Investors42
Minimum$50K
Offering506(b)
Peakline Ventures III, LP
Chicago, ILEmerging
First saleMar 2026
Raised$11.8M
Investors39
MinimumNone set
Offering506(b)
LSV Europe Small Cap Equity Fund, LP
Chicago, ILEmerging
First saleJul 2025
Raised$11.8M
Investors5
MinimumNone set
Offering506(b)
KR Bond Fund, LLC
Northbrook, ILEmerging
First saleJun 2023
Raised$11.7M
Investors21
Minimum$50K
Offering506(b)
Multi Asset Volatility Capture Fund LLC
Chicago, ILEmerging
First saleApr 2025
Raised$11.6M
Investors13
MinimumNone set
Offering506(b)
ASP Partners Private Credit III LP
Chicago, ILEmerging
First saleMar 2026
Raised$11.1M
Investors19
MinimumNone set
Offering506(b)
GCM Grosvenor Credit Secondaries Structured Note 2025 Feeder, L.P.
Chicago, ILEmerging
First saleSep 2025
Raised$10.4M
Investors8
MinimumNone set
Offering506(b)
Continuum Development GP Fund II LLC
Chicago, ILEmerging
First saleDec 2025
Raised$10.2M
Investors23
MinimumNone set
Offering506(b)
2800 Sheridan Investors LLC
Chicago, ILEmerging
First saleDec 2025
Raised$10.2M
Investors1
MinimumNone set
Offering506(b)
FPG Ad Astra IX, LP
Chicago, ILEmerging
First saleFeb 2025
Raised$10.1M
Investors28
Minimum$102K
Offering506(b)
O'Brien Investment Group Pecus Digital Assets Fund, LP
Skokie, ILEmerging
First saleJan 2021
Raised$10.0M
Investors2
Minimum$250K
Offering506(b)
SCP Plato Investors, LLC
Chicago, ILEmerging
First saleAug 2026
Raised$10.0M
Investors32
Minimum$50K
Offering506(b)
Erie Street GS LLC
Chicago, ILEmerging
First saleJan 2025
Raised$10.0M
Investors27
MinimumNone set
Offering506(b)
Ariel Emerging Markets Value Ex-China Fund LLC
Chicago, ILEmerging
First saleJul 2025
Raised$10.0M
Investors1
MinimumNone set
Offering506(b)
Origin SA Sidecar Fund, LLC
Chicago, ILEmerging506(c)
First saleMar 2026
Raised$9.8M
Investors41
Minimum$100K
Offering506(c)
Curi Capital Private Markets Fund, LP
Chicago, ILEmerging
First saleJun 2026
Raised$9.4M
Investors28
Minimum$250K
Offering506(b)
ASP (Feeder) 2025 Direct Growth Equity Fund LP
Chicago, ILEmerging
First saleJun 2025
Raised$9.2M
Investors1
MinimumNone set
Offering506(b)
ASP Partners GSF 8 LP
Chicago, ILEmerging
First saleApr 2026
Raised$9.0M
Investors23
MinimumNone set
Offering506(b)
STARlab Income Fund, LLC
Peoria, ILEmerging
First saleAug 2023
Raised$9.0M
Investors28
Minimum$25K
Offering506(b)
Ventures II Feeder, LLC
Chicago, ILEmerging506(c)
First saleMay 2024
Raised$8.9M
Investors36
Minimum$250K
Offering506(c)
Intertide Partners Opportunity Fund II LLC
Chicago, ILEmerging
First saleMar 2026
Raised$8.8M
Investors14
Minimum$100K
Offering—
OCM PW Positron QP LLC
Chicago, ILEmerging
First saleDec 2025
Raised$8.6M
Investors32
MinimumNone set
Offering506(b)
Haystack Investment Fund LP
Lake Barrington, ILEmerging
First saleFeb 2025
Raised$8.0M
Investors5
Minimum$50K
Offering506(b)
OCM Private Wealth Whiskey Opportunity I LP
Chicago, ILEmerging
First saleDec 2024
Raised$8.0M
Investors50
Minimum$25K
Offering506(b)
NDSS Holdings, LLC
Chicago, ILEmerging
First saleSep 2026
Raised$7.5M
Investors5
MinimumNone set
Offering506(b)
Continuum Development GP Fund LLC
Chicago, ILEmerging
First saleDec 2025
Raised$7.5M
Investors21
MinimumNone set
Offering506(b)
900 Clark Investors LLC
Chicago, ILEmerging
First saleDec 2025
Raised$7.5M
Investors1
MinimumNone set
Offering506(b)
FPG Ad Claritas III, LP
Chicago, ILEmerging
First saleNov 2024
Raised$7.4M
Investors40
Minimum$51K
Offering506(b)
Adams Street Associates, L.P.
Chicago, ILEmerging
First saleApr 2026
Raised$7.1M
Investors46
MinimumNone set
Offering506(b)
Cresset Employee Fund I, LLC
Chicago, ILEmerging
First saleNov 2021
Raised$7.0M
Investors112
Minimum$5K
Offering506(b)
Lakeside Village HMS Investors I LLC
Northbrook, ILEmerging506(c)
First saleSep 2026
Raised$7.0M
Investors12
MinimumNone set
Offering506(c)
KSBP Members LLC
Northbrook, ILEmerging
First saleNov 2025
Raised$6.9M
Investors50
Minimum$100K
Offering506(b)
Spring Pads Holdings LLC
Northbrook, ILEmerging506(c)
First saleDec 2025
Raised$6.4M
Investors42
MinimumNone set
Offering506(c)
MSP Ivy Holdings LLC
Northbrook, ILEmerging506(c)
First saleDec 2025
Raised$6.2M
Investors27
MinimumNone set
Offering506(c)
Galaxy Plus Fund LLC - Icon Market Neutral Feeder Fund (596)
Wheaton, ILEmerging
First saleJan 2026
Raised$6.1M
Investors2
Minimum$100K
Offering506(b)
TWP Nitro LLC
Chicago, ILEmerging
First saleMar 2026
Raised$6.0M
Investors25
Minimum$1
Offering506(b)
Galaxy Plus Fund LLC - Typhon Athena Quant Feeder Fund (593)
Wheaton, ILEmerging
First saleOct 2025
Raised$5.8M
Investors13
Minimum$100K
Offering506(b)
CSP Evanston Investors LLC
Chicago, ILEmerging
First saleAug 2025
Raised$5.8M
Investors17
MinimumNone set
Offering506(b)
Trilogy Multifamily Feeder Fund VI, L.P.
Chicago, ILEmerging506(c)
First saleApr 2025
Raised$5.6M
Investors70
Minimum$100K
Offering506(c)
Highcrest Global Sigma Fund, LLC
Chicago, ILEmerging
First saleNov 2023
Raised$5.4M
Investors39
Minimum$250K
Offering506(b)
Libertyville Land Investors LLC
Chicago, ILEmerging
First saleSep 2025
Raised$5.2M
Investors20
MinimumNone set
Offering506(b)
LSV India Equity Fund, LP
Chicago, ILEmerging
First saleJan 2022
Raised$5.2M
Investors6
MinimumNone set
Offering506(b)
Heron Ventures - East Africa Growth Fund, LP
Chicago, ILEmerging
First saleMar 2024
Raised$5.2M
Investors11
MinimumNone set
Offering506(b)
Marathon-London All Countries World EX US Investment Trust
Chicago, ILEmerging
First saleMay 2022
Raised$5.0M
Investors2
Minimum$10.0M
Offering506(b)
Diversified Alternative Income Fund, LP
Chicago, ILEmerging
First saleJun 2023
Raised$4.7M
Investors46
Minimum$50K
Offering506(b)
Harrison Street Infrastructure Fund T, L.P.
Chicago, ILEmerging
First saleDec 2021
Raised$4.6M
Investors10
MinimumNone set
Offering506(b)
Efficient Diversified Fund, LLC 12V Series
Warrenwille, ILEmerging
First saleNov 2023
Raised$4.4M
Investors20
MinimumNone set
Offering506(b)
Clear Opportunities Fund II (US Feeder) LLC
Chicago, ILEmerging506(c)
First saleApr 2025
Raised$3.8M
Investors7
Minimum$1.0M
Offering506(c)
Crescendo Nev Dry Investors LLC
Chicago, ILEmerging
First saleSep 2026
Raised$3.6M
Investors22
MinimumNone set
Offering506(b)
Starting Line Reel AI, LLC
Chicago, ILEmerging
First saleJun 2025
Raised$3.5M
Investors16
MinimumNone set
Offering506(b)
TrustPoint Investors, LLC
Chicago, ILEmerging
First saleJul 2026
Raised$3.4M
Investors23
Minimum$25K
Offering506(b)
Shore Capital Real Estate Partners Fund II-Cv, L.P.
Chicago, ILEmerging
First saleOct 2025
Raised$3.3M
Investors3
MinimumNone set
Offering506(b)
Bloom Capital Group LLC
South Barrington, ILEmerging
First saleJun 2026
Raised$3.1M
Investors19
MinimumNone set
Offering506(b)
H4 Macro Fund, Ltd.
Chicago, ILEmerging506(c)
First saleJun 2026
Raised$3.0M
Investors1
Minimum$100K
Offering506(c)
Velocity Catalyst Fund I-A, LP
Chicago, ILEmerging506(c)
First saleMay 2025
Raised$3.0M
Investors19
Minimum$1
Offering506(c)
Velocity Catalyst FoF I, LP
Chicago, ILEmerging506(c)
First saleMay 2025
Raised$2.9M
Investors22
Minimum$1
Offering506(c)
FourStar Wealth Advisors, LLC
Chicago, ILEmerging
First saleJun 2023
Raised$2.7M
Investors23
Minimum$100K
Offering506(b)
Eleven VC Investment, LLC
Chicago, ILEmerging
First saleAug 2026
Raised$2.6M
Investors9
MinimumNone set
Offering506(b)
Sci Partners X - Nj Van Houten LLC
Chicago, ILEmerging
First saleJun 2025
Raised$2.4M
Investors26
Minimum$25K
Offering506(b)
Galaxy Plus Fund LLC - Anthony Capital Metals Strategy Feeder Fund (591)
Wheaton, ILEmerging
First saleAug 2025
Raised$2.3M
Investors1
Minimum$100K
Offering506(b)
Tensility III LLC
Chicago, ILEmerging
First saleJul 2026
Raised$2.2M
Investors15
MinimumNone set
Offering506(b)
Kabouter Japan Fund, LLC
Chicago, ILEmerging
First saleJan 2026
Raised$2.0M
Investors2
Minimum$500K
Offering506(b)
LF Capital Fund GP, L.P.
Chicago, ILEmerging
First saleJun 2026
Raised$1.9M
Investors4
Minimum$500K
Offering506(b)
Ourea Energy Gaia Fund LLC
Chicago, ILEmerging
First saleApr 2026
Raised$1.8M
Investors37
Minimum$5K
Offering506(b)
Bourbon Opportunity Fund, LLC
Chicago, ILEmerging506(c)
First saleJan 2025
Raised$1.8M
Investors12
MinimumNone set
Offering506(c)
Confidencial SPV2, LLC
Northfield, ILEmerging
First saleJul 2025
Raised$1.8M
Investors20
Minimum$10K
Offering506(b)
Galaxy Plus Fund LLC - QuantOn Managed Futures Feeder Fund (590)
Wheaton, ILEmerging
First saleDec 2025
Raised$1.6M
Investors6
Minimum$100K
Offering506(b)
Hydra Platform LLC - Hydra Cell 059
Chicago, ILEmerging
First saleSep 2024
Raised$1.5M
Investors2
Minimum$200K
Offering506(b)
OCM PW Positron LLC
Chicago, ILEmerging
First saleDec 2025
Raised$1.5M
Investors17
MinimumNone set
Offering506(b)
eFi Capital Partners, LLC
Chicago, ILEmerging
First saleApr 2026
Raised$1.2M
Investors9
Minimum$25K
Offering506(b)
Efficient U.S. Funds, LLC - Efficient Pure Trend Series
Warrenville, ILEmerging
First saleMay 2026
Raised$1.2M
Investors1
MinimumNone set
Offering506(b)
Driehaus Mid Cap Growth Equity Fund, L.P.
Chicago, ILEmerging
First saleJul 2026
Raised$1.1M
Investors15
MinimumNone set
Offering506(b)
Vesalius Partners, LLC
Chicago, ILEmerging
First saleAug 2026
Raised$1.0M
Investors16
MinimumNone set
Offering506(b)
Galaxy Plus Fund LLC - DFC STMS Feeder Fund (597)
Naperville, ILEmerging
First saleMay 2026
Raised$975K
Investors3
Minimum$100K
Offering506(b)
Topaz Isle, LP
Chicago, ILEmerging
First saleJun 2024
Raised$925K
Investors5
MinimumNone set
Offering506(b)
Nistar Flagship LP
Geneva, ILEmerging
First saleSep 2025
Raised$800K
Investors3
Minimum$250K
Offering506(b)
Big Red InvestCo, LLC
Arlington Heights, ILEmerging506(c)
First saleDec 2025
Raised$525K
Investors5
MinimumNone set
Offering506(c)
Confidencial SPV3 LLC
Northfield, ILEmerging
First saleMay 2026
Raised$500K
Investors1
Minimum$100K
Offering506(b)
Velocity Catalyst Fund I, LP
Chicago, ILEmerging506(c)
First saleMay 2025
Raised$370K
Investors9
Minimum$1
Offering506(c)
IA Thousand Fell, LLC
Chicago, ILEmerging
First saleJun 2025
Raised$195K
Investors15
Minimum$5K
Offering506(b)
TC - NY Fiber 1, LLC
Evanston, ILEmerging
First saleApr 2025
Raised$180K
Investors5
MinimumNone set
Offering506(b)
Forza Hospitality River North Holdco, LLC
Chicago, ILEmerging
First saleJan 2026
Raised$175K
Investors2
Minimum$75K
Offering506(b)
Pine Tree Access Fund, LLC
Oakbrook Terrace, ILEmerging
First saleDec 2025
Raised$150K
Investors2
Minimum$5K
Offering506(b)
LaSalle Real Estate Credit Strategies REIT IA, L.L.C.
Chicago, ILEmerging
First saleJan 2026
Raised$125K
Investors125
Minimum$1K
Offering506(b)
Ia Btt, LLC
Chicago, ILEmerging
First saleNov 2024
Raised$121K
Investors12
Minimum$5K
Offering506(b)
GCM Grosvenor Private Credit Fund, L.P.
Chicago, ILEmerging
First saleJan 2025
Raised$10K
Investors1
Minimum$5.0M
Offering506(b)
Great Lakes Advisors, LLC
Chicago, ILEmerging
First saleAug 2026
Raised$0
Investors1
Minimum$1.0M
Offering506(b)
Thora Capital Fund II, LP
Chicago, ILEmerging
First saleApr 2022
Raised$0
Investors71
Minimum$50K
Offering506(b)
Thora Capital Offshore Fund II, LP
Chicago, ILEmerging
First saleApr 2022
Raised$0
Investors8
Minimum$300K
Offering506(b)
Auspice Diversified Fund, LLC
Chicago, ILEmerging
First saleApr 2022
Raised$0
Investors0
Minimum$100K
Offering506(b)