Sprott Physical Commodities Fund, LP
Sprott Physical Commodities Fund, LP is a hedge fund based in Darien, Connecticut. According to its most recent Form D, filed Oct 21, 2025, the fund has sold $27,980,000 of interests to 31 investors since its first sale in Nov 2023. 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 Brandon Hamada; Thomas Ulrich; Momina Walli.
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
- $27,980,000Cumulative sales reported on Form D
- Investors
- 31
- First sale
- Nov 1, 2023
- 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
- Brandon Hamada; Thomas Ulrich; Momina Walli
- Latest Form D
- Oct 21, 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 Sprott Physical Commodities Fund, LP
What is the minimum investment for Sprott Physical Commodities Fund, LP?
Sprott Physical Commodities Fund, LP's latest Form D, filed Oct 21, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Sprott Physical Commodities Fund, LP?
Sprott Physical Commodities 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 Sprott Physical Commodities Fund, LP raised?
Sprott Physical Commodities Fund, LP reports $27,980,000 sold from 31 investors on its Form D filed Oct 21, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Sprott Physical Commodities Fund, LP based?
Sprott Physical Commodities Fund, LP is based in Darien, Connecticut and is managed by Sprott Asset Management USA Inc..
When did Sprott Physical Commodities Fund, LP launch?
Sprott Physical Commodities Fund, LP reports its first sale in Nov 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 40% of the 862 hedge funds based in Connecticut, and more than 36% of all 10,307 that report sales.