Resource Exploration & Development Private Placement, LP
Resource Exploration & Development Private Placement, LP is a hedge fund based in Carlsbad, California. According to its most recent Form D, filed Jul 14, 2025, the fund has sold $38,975,000 of interests to 62 investors since its first sale in Dec 2021. 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(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Eric Angeli; Sprott US Genpar 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
- $38,975,000Cumulative sales reported on Form D
- Investors
- 62
- First sale
- Dec 31, 2021
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Eric Angeli; Sprott US Genpar LLC
- Latest Form D
- Jul 14, 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 Resource Exploration & Development Private Placement, LP
What is the minimum investment for Resource Exploration & Development Private Placement, LP?
Resource Exploration & Development Private Placement, LP's latest Form D, filed Jul 14, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Resource Exploration & Development Private Placement, LP?
Resource Exploration & Development Private Placement, 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(c), so it may advertise, but every investor must be verified as accredited.
How much has Resource Exploration & Development Private Placement, LP raised?
Resource Exploration & Development Private Placement, LP reports $38,975,000 sold from 62 investors on its Form D filed Jul 14, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Resource Exploration & Development Private Placement, LP based?
Resource Exploration & Development Private Placement, LP is based in Carlsbad, California and is managed by Resource Capital Investment Corporation.
When did Resource Exploration & Development Private Placement, LP launch?
Resource Exploration & Development Private Placement, LP reports its first sale in Dec 2021, 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 53% of the 1,060 hedge funds based in California, and more than 41% of all 10,307 that report sales.