Cipher Chain Partners, LP is a hedge fund based in Birmingham, Michigan. According to its most recent Form D, filed Feb 19, 2026, the fund has sold $9,366,096 of interests to 18 investors since its first sale in Feb 2022. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Cipher Chain GP, LLC; Brent Gillett; Samuel Donnelly.
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
- $9,366,096Cumulative sales reported on Form D
- Investors
- 18
- First sale
- Feb 25, 2022
- Minimum investment
- $100,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Cipher Chain GP, LLC; Brent Gillett; Samuel Donnelly
- Latest Form D
- Feb 19, 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 Cipher Chain Partners, LP
What is the minimum investment for Cipher Chain Partners, LP?
According to its latest Form D, filed Feb 19, 2026, the minimum investment Cipher Chain Partners, LP accepts from an outside investor is $100,000.
Who can invest in Cipher Chain Partners, LP?
Cipher Chain Partners, LP 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(c), so it may advertise, but every investor must be verified as accredited.
How much has Cipher Chain Partners, LP raised?
Cipher Chain Partners, LP reports $9,366,096 sold from 18 investors on its Form D filed Feb 19, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Cipher Chain Partners, LP based?
Cipher Chain Partners, LP is based in Birmingham, Michigan.
When did Cipher Chain Partners, LP launch?
Cipher Chain Partners, LP reports its first sale in Feb 2022, 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 79% of the 28 hedge funds based in Michigan, and more than 20% of all 10,308 that report sales.