Hedge funds in Minnesota
70 funds filed a Form D between Oct 1, 2024 and Oct 30, 2026. Largest cities: Minneapolis (38), Edina (10), Minnetonka (6), Plymouth (5), Eden Prairie (3).
70hedge funds
23emerging managers
11first sale since 2025
$36.0Mmedian raised
Hedge funds by city
Lists: Largest hedge funds in Minnesota · New hedge funds in Minnesota · Emerging hedge fund managers in Minnesota
All 70 hedge funds in Minnesota
Fund
First sale
Raised
Investors
Minimum
YTD performance
Parametric Defensive Equity Fund LLC
Minneapolis, MN
First saleJan 2012
Raised$8.7B
Investors383
Minimum$3.0M
YTD performanceNot reported
Emerging Markets Equity Series of Global Asset Management Strategies, LLC
Minneapolis, MN
First saleSep 2015
Raised$4.4B
Investors63
MinimumNone set
YTD performanceNot reported
Whitebox Multi-Strategy Fund, LP
Minneapolis, MN
First saleApr 2009
Raised$2.9B
Investors1,074
Minimum$5.0M
YTD performance-3.1%13F est. YTD · thru Q2 2026
Varde Credit Partners (Offshore), Ltd.
Minneapolis, MN
First saleMar 2013
Raised$2.6B
Investors487
Minimum$100K
YTD performanceNot reported
Parametric Global Defensive Equity Fund LLC
Minneapolis, MN
First saleSep 2015
Raised$2.0B
Investors123
Minimum$3.0M
YTD performanceNot reported
Whitebox Relative Value Fund, LP
Minneapolis, MN
First saleApr 2009
Raised$895M
Investors150
Minimum$5.0M
YTD performance-3.1%13F est. YTD · thru Q2 2026
Titan Partnership, L.P.
Minneapolis, MN
First saleJan 1997
Raised$779M
Investors160
MinimumNone set
YTD performance+21.6%13F est. YTD · thru Q2 2026
CL RPC MSR Investment Fund LLC
Plymouth, MN
First saleJun 2026
Raised$500M
Investors1
MinimumNone set
YTD performanceNot reported
Varde Credit Partners, L.P.
Minneapolis, MN
First saleFeb 2013
Raised$487M
Investors203
Minimum$100K
YTD performanceNot reported
First Light Focus Fund, LP
Edina, MN
First saleNov 2015
Raised$368M
Investors118
MinimumNone set
YTD performance+21.5%13F est. YTD · thru Q2 2026
Estuary Partners Fund LP
Wayzata, MN
First saleJan 2023
Raised$336M
Investors49
MinimumNone set
YTD performance+44.8%13F est. YTD · thru Q2 2026
AB CarVal Asset Based Fund A LP
Minneapolis, MN
First saleAug 2024
Raised$297M
Investors5
MinimumNone set
YTD performanceNot reported
RPC MSR Investment Fund II LP - Series 1
Plymouth, MN
First saleAug 2024
Raised$178M
Investors20
MinimumNone set
YTD performanceNot reported
First Light Prism Fund, LP
Edina, MN
First saleJan 2019
Raised$172M
Investors69
MinimumNone set
YTD performance+21.5%13F est. YTD · thru Q2 2026
Clearwater Diversifying Strategies Fund, LLC
St. Paul, MN
First saleMar 2021
Raised$165M
Investors61
Minimum$300K
YTD performanceNot reported
Parametric Calvert ESG Defensive Equity Fund, LLC
Minneapolis, MN
First saleMay 2021
Raised$153M
Investors9
Minimum$3.0M
YTD performanceNot reported
Global Equity Leaders Series of Global Asset Management Strategies, LLC
Minneapolis, MN
First saleMay 2023
Raised$132M
Investors3
Minimum$10.0M
YTD performanceNot reported
Punch Micro Cap Partners, LLC
Edina, MN
First saleJul 2005
Raised$128M
Investors134
Minimum$250K
YTD performance+13.6%13F est. YTD · thru Q2 2026
RPC Msr SP 1
Plymouth, MN
First saleAug 2024
Raised$98.4M
Investors10
MinimumNone set
YTD performanceNot reported
RPC Msr SP 2
Plymouth, MN
First saleMar 2026
Raised$95.5M
Investors6
MinimumNone set
YTD performanceNot reported
Navigator Investors L P
Minneapolis, MN
First saleMay 1995
Raised$91.8M
Investors211
MinimumNone set
YTD performance+25.3%13F est. YTD · thru Q2 2026
Pine River Multi-Strategy Fund Ltd.
Minnetonka, MN
First saleOct 2022
Raised$89.9M
Investors3
Minimum$1.0M
YTD performanceNot reported
First Light Genesis Fund, LP
Edina, MN
First saleFeb 2024
Raised$84.6M
Investors1
MinimumNone set
YTD performance+21.5%13F est. YTD · thru Q2 2026
Clearwater Opportunity Fund, LLLP
St. Paul, MN
First saleOct 2017
Raised$83.6M
Investors83
Minimum$300K
YTD performanceNot reported
First Light Prism Feeder Fund, Ltd.
Edina, MN
First saleMay 2021
Raised$68.7M
Investors8
Minimum$100K
YTD performance+21.5%13F est. YTD · thru Q2 2026
Fossil Fuel Free Series of Global Asset Management Strategies, LLC
Minneapolis, MN
First saleJun 2019
Raised$62.7M
Investors3
MinimumNone set
YTD performanceNot reported
KP I LP
Edina, MN
First saleNov 1998
Raised$58.0M
Investors79
MinimumNone set
YTD performance+35.7%13F est. YTD · thru Q2 2026
Thiele Marketplace Income Fund LP
Minneapolis, MN
First saleJul 2016
Raised$49.4M
Investors49
MinimumNone set
YTD performanceNot reported
Punch Nano Cap Partners I, LLC
Edina, MN
First saleMar 2018
Raised$45.3M
Investors42
Minimum$500K
YTD performance+13.6%13F est. YTD · thru Q2 2026
Deepwater Public-Private Fund, LP
Minneapolis, MNEmerging
First saleJul 2021
Raised$39.0M
Investors93
MinimumNone set
YTD performance+21.6%13F est. YTD · thru Q2 2026
Blue Clay Capital Partners LP
Minneapolis, MN
First saleMar 2012
Raised$36.7M
Investors56
MinimumNone set
YTD performanceNot reported
RPC MSR Investment Fund II LP - Series 2
Plymouth, MNEmerging
First saleMar 2026
Raised$36.0M
Investors12
MinimumNone set
YTD performanceNot reported
Pine River Municipal Fund Series, a Series of Pine River Precision Fund LLC
Minnetonka, MN
First saleNov 2019
Raised$34.8M
Investors11
Minimum$1.0M
YTD performanceNot reported
TCM Drive LLC
Minneapolis, MNEmerging
First saleSep 2022
Raised$34.7M
Investors22
Minimum$250K
YTD performanceNot reported
Outlier Fund, L.P.
Minneapolis, MNEmerging
First saleApr 2023
Raised$33.0M
Investors29
Minimum$250K
YTD performance+25.3%13F est. YTD · thru Q2 2026
Thiele Offshore Partners Ltd.
Minneapolis, MNEmerging
First saleSep 2022
Raised$29.0M
Investors30
Minimum$250K
YTD performanceNot reported
Provenire Technology Partners, LP
Eden Prairie, MN
First saleOct 2013
Raised$28.1M
Investors102
Minimum$34K
YTD performanceNot reported
Varde Liquid Credit Fund (Offshore), L.P.
Minneapolis, MNEmerging
First saleFeb 2025
Raised$25.9M
Investors6
Minimum$100K
YTD performanceNot reported
First Light Focus Feeder Fund, Ltd.
Edina, MNEmerging
First saleOct 2023
Raised$22.1M
Investors5
Minimum$100K
YTD performance+21.5%13F est. YTD · thru Q2 2026
Pine River Multi-Strategy Master Fund Ltd.
Minnetonka, MNEmerging
First saleOct 2022
Raised$21.0M
Investors3
Minimum$1.0M
YTD performanceNot reported
Geraty Investment Partners, LP
Eden Prairie, MN
First saleJan 2012
Raised$19.9M
Investors50
MinimumNone set
YTD performanceNot reported
Global Equity Series of Global Asset Management Strategies, LLC
Minneapolis, MN
First saleDec 2019
Raised$18.6M
Investors0
Minimum$5.0M
YTD performanceNot reported
Armatus Market Neutral Fund, LLC
Orono, MN
First saleDec 2019
Raised$14.3M
Investors41
Minimum$50K
YTD performanceNot reported
Pine River Municipal Master Fund Ltd.
Minnetonka, MN
First saleNov 2018
Raised$14.1M
Investors1
Minimum$1.0M
YTD performanceNot reported
Glen Oak Volatility Fund LP
Minneapolis, MNEmerging
First saleApr 2022
Raised$13.8M
Investors23
MinimumNone set
YTD performanceNot reported
Transitional Funding Partners, L.P.
Minneapolis, MN
First saleJul 2013
Raised$13.0M
Investors13
Minimum$1.0M
YTD performanceNot reported
AB CarVal Aviation Leasing Fund A LP
Minneapolis, MNEmerging
First saleMar 2026
Raised$12.5M
Investors1
MinimumNone set
YTD performanceNot reported
Varde Liquid Credit Fund, L.P.
Minneapolis, MNEmerging
First saleAug 2023
Raised$11.8M
Investors5
Minimum$1
YTD performanceNot reported
Itasca Capital Partners, LLC
Bloomington, MN
First saleJul 2003
Raised$11.5M
Investors34
MinimumNone set
YTD performanceNot reported
Provenire Alpha Select, LP
Eden Prairie, MN
First saleMay 2017
Raised$11.2M
Investors50
Minimum$16K
YTD performanceNot reported
Deepwater Late-Stage Fund II LP
Minneapolis, MNEmerging
First saleJun 2026
Raised$10.0M
Investors30
MinimumNone set
YTD performance+21.6%13F est. YTD · thru Q2 2026
Pine River Precision Fund SPC for the Account of Pine River Municipal Fund S.P.
Minnetonka, MNEmerging
First saleMar 2021
Raised$10.0M
Investors1
Minimum$1.0M
YTD performanceNot reported
Channel Fintech 1 SP, a segregated portfolio Co of Thiele Direct Opportunities SPC
Minneapolis, MNEmerging
First saleSep 2024
Raised$9.9M
Investors1
Minimum$100K
YTD performanceNot reported
Blue Clay Capital Smid-Cap Lo LP
Minneapolis, MN
First saleFeb 2017
Raised$8.6M
Investors14
MinimumNone set
YTD performanceNot reported
TCM Card LLC
Minneapolis, MNEmerging
First saleNov 2023
Raised$7.4M
Investors2
Minimum$250K
YTD performanceNot reported
Deer Lake Strategic Fund LP
Saint Louis Park, MNEmerging
First saleFeb 2025
Raised$6.8M
Investors34
Minimum$250K
YTD performanceNot reported
TCM Drive Co-Invest SP, a segregated portfolio Co of Thiele Direct Opportunities SPC
Minneapolis, MNEmerging
First saleFeb 2025
Raised$6.7M
Investors1
Minimum$100K
YTD performanceNot reported
RIG Partners Fund LP
Minneapolis, MN
First saleAug 2019
Raised$5.9M
Investors33
Minimum$50K
YTD performanceNot reported
Asymmetric Small & Micro-cap Fund LP
Minneapolis, MNEmerging
First saleJun 2024
Raised$4.8M
Investors20
Minimum$50K
YTD performanceNot reported
Baztec Partners, LP
Edina, MNEmerging
First saleMar 2021
Raised$3.2M
Investors10
Minimum$250K
YTD performanceNot reported
North Lion Opportunity Fund, LP
Minneapolis, MNEmerging
First saleFeb 2026
Raised$2.0M
Investors2
Minimum$250K
YTD performanceNot reported
Long Vol Equity Strategy Fund LP
Minneapolis, MNEmerging
First saleJan 2026
Raised$1.9M
Investors4
MinimumNone set
YTD performanceNot reported
TCM One LLC
Minneapolis, MNEmerging
First saleFeb 2025
Raised$495K
Investors2
Minimum$250K
YTD performanceNot reported
Galactic Capital Flagship Fund
Minneapolis, MN
First sale—
Raised$0
Investors0
Minimum$100K
YTD performanceNot reported
International Equity Fund of the Rbc Global Asset Management (U.S.) Inc. Group Trust
Minneapolis, MN
First sale—
Raised$0
Investors0
Minimum$3.0M
YTD performanceNot reported
Alphacopia Partners LP
Annandale, MNEmerging
First saleJul 2021
Raised$0
Investors8
Minimum$100K
YTD performanceNot reported
C7 Investments Fund 1, L.P.
Edina, MN506(c)
First sale—
Raised$0
Investors0
Minimum$100K
YTD performanceNot reported
Gambit Capital LLC
Minnetonka, MN
First sale—
Raised$0
Investors0
MinimumNone set
YTD performanceNot reported
Intelligent Jaguar LP
Minneapolis, MN506(c)
First sale—
Raised$0
Investors0
Minimum$1.0M
YTD performanceNot reported
Blank Capital Partners, LP
Chanhassen, MN
First sale—
Raised$0
Investors0
Minimum$1
YTD performanceNot reported