Exploration Capital Fund, LP
Exploration Capital Fund, LP is a hedge fund based in Salt Lake City, Utah. According to its most recent Form D, filed Aug 26, 2025, the fund has sold $19,467,377 of interests to 43 investors since its first sale in Jan 2020. The filing does not set a minimum investment. 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. Related persons named in the filing include Stephen Gustin; Exploration Capital, LLC; Exploration Capital General Partner, LLC.
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
- $19,467,377Cumulative sales reported on Form D
- Investors
- 43
- First sale
- Jan 17, 2020
- Minimum investment
- None set
- 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
- Stephen Gustin; Exploration Capital, LLC; Exploration Capital General Partner, LLC
- Latest Form D
- Aug 26, 2025
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 Exploration Capital Fund, LP
What is the minimum investment for Exploration Capital Fund, LP?
Exploration Capital Fund, LP's latest Form D, filed Aug 26, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Exploration Capital Fund, LP?
Exploration Capital Fund, 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(b), which does not allow general advertising.
How much has Exploration Capital Fund, LP raised?
Exploration Capital Fund, LP reports $19,467,377 sold from 43 investors on its Form D filed Aug 26, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Exploration Capital Fund, LP based?
Exploration Capital Fund, LP is based in Salt Lake City, Utah.
When did Exploration Capital Fund, LP launch?
Exploration Capital Fund, LP reports its first sale in Jan 2020.
Size compared with every hedge fund
Raised more than 61% of the 57 hedge funds based in Utah, and more than 30% of all 10,308 that report sales.