GalNet Alpha Fund LLC
GalNet Alpha Fund LLC is a hedge fund based in Frankfort, Illinois. According to its most recent Form D, filed Jan 6, 2026, the fund has sold $74,977,317 of interests to 55 investors since its first sale in Mar 2011. 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(b), which does not permit general solicitation. Related persons named in the filing include Kevin Galassini.
Performance
No 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
- $74,977,317Cumulative sales reported on Form D
- Investors
- 55
- First sale
- Mar 31, 2011
- Minimum investment
- $100,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Net asset value range
- $50,000,001 - $100,000,000Self-reported
- Key people and entities
- Kevin Galassini
- Latest Form D
- Jan 6, 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 GalNet Alpha Fund LLC
What is the minimum investment for GalNet Alpha Fund LLC?
According to its latest Form D, filed Jan 6, 2026, the minimum investment GalNet Alpha Fund LLC accepts from an outside investor is $100,000.
Who can invest in GalNet Alpha Fund LLC?
GalNet Alpha Fund LLC 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 GalNet Alpha Fund LLC raised?
GalNet Alpha Fund LLC reports $74,977,317 sold from 55 investors on its Form D filed Jan 6, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is GalNet Alpha Fund LLC based?
GalNet Alpha Fund LLC is based in Frankfort, Illinois and is managed by Galnet Asset Management, LLC.
When did GalNet Alpha Fund LLC launch?
GalNet Alpha Fund LLC reports its first sale in Mar 2011.
Size compared with every hedge fund
Raised more than 67% of the 323 hedge funds based in Illinois, and more than 53% of all 10,309 that report sales.