AltMountain

CoVest Series SPV, LP - Grizzly Series

Chicago, IL · CIK 2032547 · Managed by Grizzlyrock Capital, LLC
Emerging

CoVest Series SPV, LP - Grizzly Series is a hedge fund based in Chicago, Illinois. According to its most recent Form D, filed Aug 3, 2026, the fund has sold $4,650,000 of interests to 1 investor since its first sale in Jun 2024. The minimum investment it accepts from an outside investor is $500,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Kyle Mowery; CoVest Select, LLC; GrizzlyRock Capital, LLC.

Performance

13F estimate · public data only

No verified returns have been reported for this fund. As a rough guide, Grizzlyrock Capital, LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +7.3% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +8.5% (S&P 500: +37.2%).

This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.

Is this your fund? Report your monthly returns · How performance works

Total raised
$4,650,000Cumulative sales reported on Form D
Investors
1
First sale
Jun 1, 2024
Minimum investment
$500,000
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
Kyle Mowery; CoVest Select, LLC; GrizzlyRock Capital, LLC
Latest Form D
Aug 3, 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 CoVest Series SPV, LP - Grizzly Series

What is the minimum investment for CoVest Series SPV, LP - Grizzly Series?

According to its latest Form D, filed Aug 3, 2026, the minimum investment CoVest Series SPV, LP - Grizzly Series accepts from an outside investor is $500,000.

Who can invest in CoVest Series SPV, LP - Grizzly Series?

CoVest Series SPV, LP - Grizzly Series 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 CoVest Series SPV, LP - Grizzly Series raised?

CoVest Series SPV, LP - Grizzly Series reports $4,650,000 sold from 1 investor on its Form D filed Aug 3, 2026. This is cumulative sales since the offering began, not current assets or performance.

Where is CoVest Series SPV, LP - Grizzly Series based?

CoVest Series SPV, LP - Grizzly Series is based in Chicago, Illinois and is managed by Grizzlyrock Capital, LLC.

When did CoVest Series SPV, LP - Grizzly Series launch?

CoVest Series SPV, LP - Grizzly Series reports its first sale in Jun 2024, 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 25% of the 323 hedge funds based in Illinois, and more than 14% of all 10,308 that report sales.

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