Emerging private investment managers in Minnesota
Emerging private investment funds in Minnesota: first sale in 2021 or later and under $50 million raised, largest first.
Fund
First sale
Raised
Investors
Minimum
Offering
Roers Affordable Housing Fund LLC
Plymouth, MNEmerging
First saleMay 2025
Raised$48.5M
Investors7
MinimumNone set
Offering506(b)
Founders Industrial Fund, L.P.
Eden Prairie, MNEmerging
First saleNov 2025
Raised$47.9M
Investors37
MinimumNone set
Offering506(b)
Deepwater Venture Fund II, L.P.
Minneapolis, MNEmerging
First saleSep 2023
Raised$40.9M
Investors97
MinimumNone set
Offering506(b)
X3-Stream Private Opportunity Partners LP LLC
Minneapolis, MNEmerging
First saleMay 2025
Raised$37.5M
Investors0
Minimum$1.0M
Offering506(b)
Deepwater Vermilion Fund LP
Minneapolis, MNEmerging
First saleJun 2026
Raised$37.4M
Investors48
MinimumNone set
Offering506(b)
BRC Fund IV, LP
Minnetonka, MNEmerging
First saleApr 2025
Raised$36.1M
Investors45
MinimumNone set
Offering506(b)
Convergent Capital Partners V, L.P.
Eden Prairie, MNEmerging
First saleOct 2025
Raised$34.8M
Investors26
MinimumNone set
Offering506(b)
Junto Holdings Partners, LLC
Minneapolis, MNEmerging
First saleDec 2024
Raised$30.0M
Investors17
Minimum$1
Offering506(b)
SolPacific Deferred Income Fund, LLC
Duluth, MNEmerging
First saleJul 2021
Raised$28.1M
Investors19
Minimum$500K
Offering—
Sustainable Infrastructure Fund IV (Offshore), LP
Wayzata, MNEmerging
First saleApr 2022
Raised$14.9M
Investors13
MinimumNone set
Offering506(b)
Cigf, LP
Wayzata, MNEmerging506(c)
First saleJun 2023
Raised$13.2M
Investors71
Minimum$50K
Offering506(c)
North Lion QP Fund LLC
Minneapolis, MNEmerging
First saleMar 2022
Raised$12.8M
Investors27
Minimum$100K
Offering506(b)
Black Pine Capital Partners, LLC
Waite Park, MNEmerging
First saleDec 2024
Raised$10.0M
Investors22
MinimumNone set
Offering506(b)
Roers Trade Partners Fund LLC
Plymouth, MNEmerging
First saleAug 2024
Raised$5.2M
Investors7
MinimumNone set
Offering506(b)
Roers Affordable Housing Fund II LLC
Plymouth, MNEmerging506(c)
First saleAug 2026
Raised$4.5M
Investors3
MinimumNone set
Offering506(c)
HB Prometheus, LLC
Edina, MNEmerging
First saleMay 2026
Raised$4.3M
Investors32
Minimum$11K
Offering506(b)
TCM Mexico LLC
Minneapolis, MNEmerging
First saleMay 2025
Raised$4.1M
Investors1
Minimum$100K
Offering506(b)
Iron North Investments, LLC
Albert Lea, MNEmerging
First saleApr 2025
Raised$3.9M
Investors38
MinimumNone set
Offering506(b)
HB SpaceX, LLC
Edina, MNEmerging
First saleJan 2026
Raised$2.1M
Investors16
Minimum$28K
Offering506(b)
Belridge Cerebras LP
Minneapolis, MNEmerging
First saleDec 2025
Raised$1.7M
Investors9
MinimumNone set
Offering506(b)
Roers Preferred Fund Select LLC
Plymouth, MNEmerging506(c)
First saleAug 2026
Raised$1.6M
Investors2
MinimumNone set
Offering506(c)
Varde CRE Lending Fund (Offshore), L.P.
Minneapolis, MNEmerging
First saleOct 2025
Raised$1.5M
Investors1
MinimumNone set
Offering506(b)
Roers Preferred Fund LLC
Plymouth, MNEmerging506(c)
First saleAug 2026
Raised$1.4M
Investors5
MinimumNone set
Offering506(c)
CP Fit, LP
Minneapolis, MNEmerging
First saleNov 2024
Raised$1.1M
Investors21
Minimum$25K
Offering506(b)
HB Moonshot Beverages, LLC
Edina, MNEmerging
First saleMar 2026
Raised$487K
Investors6
Minimum$10K
Offering506(b)
Proterra Net Lease Fund LP
Minneapolis, MNEmerging506(c)
First saleFeb 2026
Raised$239K
Investors0
MinimumNone set
Offering506(c)