TCM Drive LLC is a hedge fund based in Minneapolis, Minnesota. According to its most recent Form D, filed Jan 30, 2026, the fund has sold $34,727,635 of interests to 22 investors since its first sale in Sep 2022. 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
- $34,727,635Cumulative sales reported on Form D
- Investors
- 22
- First sale
- Sep 1, 2022
- 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 Drive LLC
What is the minimum investment for TCM Drive LLC?
According to its latest Form D, filed Jan 30, 2026, the minimum investment TCM Drive LLC accepts from an outside investor is $250,000.
Who can invest in TCM Drive LLC?
TCM Drive 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 Drive LLC raised?
TCM Drive LLC reports $34,727,635 sold from 22 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 Drive LLC based?
TCM Drive LLC is based in Minneapolis, Minnesota.
When did TCM Drive LLC launch?
TCM Drive LLC reports its first sale in Sep 2022, 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 51% of the 70 hedge funds based in Minnesota, and more than 39% of all 10,308 that report sales.