Pillsbury Lake Partnership LP
Pillsbury Lake Partnership LP is a hedge fund based in San Francisco, California. According to its most recent Form D, filed Aug 25, 2026, the fund has sold $26,137,000 of interests to 12 investors since its first sale in Dec 2023. The minimum investment it accepts from an outside investor is $250,000. 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 Oleg Karmanov.
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
- $26,137,000Cumulative sales reported on Form D
- Investors
- 12
- First sale
- Dec 1, 2023
- Minimum investment
- $250,000
- 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
- Oleg Karmanov
- Latest Form D
- Aug 25, 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 Pillsbury Lake Partnership LP
What is the minimum investment for Pillsbury Lake Partnership LP?
According to its latest Form D, filed Aug 25, 2026, the minimum investment Pillsbury Lake Partnership LP accepts from an outside investor is $250,000.
Who can invest in Pillsbury Lake Partnership LP?
Pillsbury Lake Partnership 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 Pillsbury Lake Partnership LP raised?
Pillsbury Lake Partnership LP reports $26,137,000 sold from 12 investors on its Form D filed Aug 25, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Pillsbury Lake Partnership LP based?
Pillsbury Lake Partnership LP is based in San Francisco, California and is managed by Pillsbury Lake Capital, LLC.
When did Pillsbury Lake Partnership LP launch?
Pillsbury Lake Partnership LP reports its first sale in Dec 2023, 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 46% of the 1,060 hedge funds based in California, and more than 35% of all 10,307 that report sales.