PL Capital Spv #1, LP is a hedge fund based in Naples, Florida. According to its most recent Form D, filed Sep 3, 2026, the fund has sold $5,285,886 of interests to 14 investors since its first sale in Jul 2025. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Richard Lashley; John Palmer; PL Capital, 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
- $5,285,886Cumulative sales reported on Form D
- Investors
- 14
- First sale
- Jul 1, 2025
- 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
- Richard Lashley; John Palmer; PL Capital, LLC
- Latest Form D
- Sep 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 PL Capital Spv #1, LP
What is the minimum investment for PL Capital Spv #1, LP?
PL Capital Spv #1, LP's latest Form D, filed Sep 3, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in PL Capital Spv #1, LP?
PL Capital Spv #1, 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 PL Capital Spv #1, LP raised?
PL Capital Spv #1, LP reports $5,285,886 sold from 14 investors on its Form D filed Sep 3, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is PL Capital Spv #1, LP based?
PL Capital Spv #1, LP is based in Naples, Florida.
When did PL Capital Spv #1, LP launch?
PL Capital Spv #1, LP reports its first sale in Jul 2025, 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 40% of the 750 hedge funds based in Florida, and more than 15% of all 10,308 that report sales.