Towle Evolution Fund International, L.P. is a hedge fund based in Denver, Colorado. According to its most recent Form D, filed Aug 1, 2025, the fund has sold $28,450,000 of interests to 9 investors since its first sale in Mar 2022. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. 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 Christopher Towle; Towle Fund Management, LLC; Towle & Co.
Performance
No verified returns have been reported for this fund. As a rough guide, Towle & Co, which manages it, disclosed U.S. stock holdings that returned an estimated +27.3% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +24.0% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $28,450,000Cumulative sales reported on Form D
- Investors
- 9
- First sale
- Mar 1, 2022
- Minimum investment
- $100,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Christopher Towle; Towle Fund Management, LLC; Towle & Co
- Latest Form D
- Aug 1, 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 Towle Evolution Fund International, L.P.
What is the minimum investment for Towle Evolution Fund International, L.P.?
According to its latest Form D, filed Aug 1, 2025, the minimum investment Towle Evolution Fund International, L.P. accepts from an outside investor is $100,000.
Who can invest in Towle Evolution Fund International, L.P.?
Towle Evolution Fund International, L.P. is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Towle Evolution Fund International, L.P. raised?
Towle Evolution Fund International, L.P. reports $28,450,000 sold from 9 investors on its Form D filed Aug 1, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Towle Evolution Fund International, L.P. based?
Towle Evolution Fund International, L.P. is based in Denver, Colorado and is managed by Towle & Co.
When did Towle Evolution Fund International, L.P. launch?
Towle Evolution Fund International, L.P. reports its first sale in Mar 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 69% of the 114 hedge funds based in Colorado, and more than 36% of all 10,308 that report sales.