AltMountain

TCM Card LLC

Minneapolis, MN · CIK 2094538
Emerging

TCM Card LLC is a hedge fund based in Minneapolis, Minnesota. According to its most recent Form D, filed Jan 30, 2026, the fund has sold $7,351,000 of interests to 2 investors since its first sale in Nov 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 Alex Thiele; Thiele Capital Management, 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
$7,351,000Cumulative sales reported on Form D
Investors
2
First sale
Nov 30, 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
Alex Thiele; Thiele Capital Management, LLC
Latest Form D
Jan 30, 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 TCM Card LLC

What is the minimum investment for TCM Card LLC?

According to its latest Form D, filed Jan 30, 2026, the minimum investment TCM Card LLC accepts from an outside investor is $250,000.

Who can invest in TCM Card LLC?

TCM Card 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 TCM Card LLC raised?

TCM Card LLC reports $7,351,000 sold from 2 investors on its Form D filed Jan 30, 2026. This is cumulative sales since the offering began, not current assets or performance.

Where is TCM Card LLC based?

TCM Card LLC is based in Minneapolis, Minnesota.

When did TCM Card LLC launch?

TCM Card LLC 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 21% of the 70 hedge funds based in Minnesota, and more than 18% of all 10,308 that report sales.

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