Private equity funds in Minnesota
56 funds filed a Form D between Oct 1, 2024 and Oct 30, 2026, plus 7 single-deal vehicles (SPVs and co-investments). Largest cities: Minneapolis (38), Minnetonka (5), Edina (4), Wayzata (2), St. Paul (1).
56private equity funds
9emerging managers
23first sale since 2025
$167Mmedian raised
Private equity funds by city
Lists: Largest private equity funds in Minnesota · New private equity funds in Minnesota · Emerging private equity managers in Minnesota
All 56 private equity funds in Minnesota
Fund
First sale
Raised
Investors
Minimum
Offering
Thrivent White Rose Fund XVI Fund of Funds, L.P.
Minneapolis, MN
First saleOct 2025
Raised$2.0B
Investors17
MinimumNone set
Offering506(b)
Castlelake Asset-Based Private Credit Evergreen A, L.P.
Minneapolis, MN
First saleJun 2023
Raised$2.0B
Investors14
MinimumNone set
Offering506(b)
Castlelake Asset-Based Private Credit Evergreen B, L.P.
Minneapolis, MN
First saleJun 2023
Raised$2.0B
Investors30
MinimumNone set
Offering506(b)
Castlelake Asset-Based Private Credit Evergreen Feeder, L.P.
Minneapolis, MN
First saleNov 2023
Raised$2.0B
Investors21
MinimumNone set
Offering506(b)
Trout Holdings, L.P.
Minneapolis, MN
First saleSep 2025
Raised$1.9B
Investors6
MinimumNone set
Offering506(b)
Castlelake Asset-Based Private Credit III, L.P.
Minneapolis, MN
First saleMar 2024
Raised$1.3B
Investors31
MinimumNone set
Offering506(b)
Thrivent White Rose Real Estate Fund VI, L.P.
Minneapolis, MN
First saleOct 2025
Raised$1.3B
Investors7
MinimumNone set
Offering506(b)
Thrivent White Rose Endurance Fund IV, L.P.
Minneapolis, MN
First saleOct 2025
Raised$901M
Investors16
MinimumNone set
Offering506(b)
Thrivent White Rose Fund XVI Equity Direct, L.P.
Minneapolis, MN
First saleSep 2025
Raised$781M
Investors19
MinimumNone set
Offering506(b)
CVI Credit Value Fund A VI LP
Minneapolis, MN
First saleMay 2024
Raised$388M
Investors3
MinimumNone set
Offering506(b)
AB CVI Credit Value (Delaware) Fund VI LP
Minneapolis, MN
First saleMay 2024
Raised$362M
Investors571
MinimumNone set
Offering506(b)
Northstar Mezzanine Partners VIII L.P.
Minneapolis, MN
First saleDec 2022
Raised$342M
Investors19
Minimum$500K
Offering506(b)
Thrivent White Rose Private Credit Fund I Structured Note LP
Minneapolis, MN
First saleApr 2026
Raised$300M
Investors1
MinimumNone set
Offering506(b)
Thrivent White Rose Private Credit Fund I LP
Minneapolis, MN
First saleApr 2026
Raised$300M
Investors1
MinimumNone set
Offering506(b)
Proterra Credit Fund 3 LP
Minneapolis, MN
First saleDec 2024
Raised$275M
Investors6
MinimumNone set
Offering506(b)
Clean Growth Fund VII, LP
Wayzata, MN
First saleDec 2025
Raised$235M
Investors62
MinimumNone set
Offering506(b)
MRP Value Fund II, LP
Minneapolis, MN
First saleDec 2023
Raised$216M
Investors26
MinimumNone set
Offering506(b)
Arthur Ventures Buyouts I, LP
Minneapolis, MN
First saleMar 2025
Raised$200M
Investors69
MinimumNone set
Offering506(b)
Proterra Credit Feeder Fund LP
Minneapolis, MN
First saleJun 2025
Raised$167M
Investors18
MinimumNone set
Offering506(b)
Clearwater Private Opportunity Fund IX, LLC
St. Paul, MN
First saleOct 2025
Raised$156M
Investors94
Minimum$250K
Offering506(b)
Pathfinder 360 Capital Pool III, LLC
Minnetonka, MN
First saleApr 2026
Raised$151M
Investors70
MinimumNone set
Offering506(b)
Liftbridge ERISA Fund, Ltd.
Stillwater, MN
First saleOct 2024
Raised$150M
Investors1
MinimumNone set
Offering506(b)
MRP Crossroads Fund, LP
Minnetonka, MN
First saleMar 2026
Raised$100M
Investors1
MinimumNone set
Offering506(b)
Proterra Credit Partners LP
Minneapolis, MN
First saleJun 2025
Raised$85.7M
Investors13
MinimumNone set
Offering506(b)
Lightspring Capital II, LP
Minneapolis, MN
First saleMar 2025
Raised$66.0M
Investors24
MinimumNone set
Offering506(b)
CVI Aviation Income Fund A II LP
Minneapolis, MN
First saleJan 2025
Raised$65.0M
Investors3
MinimumNone set
Offering506(b)
Tonka Opportunities Fund III, L.P.
Minnetonka, MN
First saleFeb 2023
Raised$60.0M
Investors4
MinimumNone set
Offering506(b)
Tonka Opportunities Fund II, L.P.
Minnetonka, MN
First saleJan 2022
Raised$60.0M
Investors1
Minimum$250K
Offering506(b)
Northstar Mezzanine Partners SBIC II L.P.
Minneapolis, MN
First saleMay 2024
Raised$58.3M
Investors47
Minimum$100K
Offering506(b)
Sustainable Infrastructure Fund IV, LP
Wayzata, MNEmerging
First saleOct 2021
Raised$41.1M
Investors49
MinimumNone set
Offering506(b)
MRP Evergreen Income Fund, LP
Minnetonka, MNEmerging
First saleOct 2025
Raised$22.2M
Investors8
MinimumNone set
Offering506(b)
Granite Equity LLC
St. Cloud, MNEmerging
First saleApr 2026
Raised$21.5M
Investors11
Minimum$129K
Offering506(b)
Granite Equity Associates LLC
St Cloud, MNEmerging
First saleDec 2024
Raised$19.9M
Investors17
Minimum$12K
Offering506(b)
Deepwater Aurora Fund LP
Minneapolis, MNEmerging
First saleSep 2026
Raised$14.9M
Investors20
MinimumNone set
Offering506(b)
Arthur Ventures VI Affiliates, LP
Minneapolis, MNEmerging
First saleJul 2025
Raised$10.7M
Investors35
MinimumNone set
Offering506(b)
Arden Park Capital Fund II, LP
Edina, MNEmerging
First saleFeb 2026
Raised$10.0M
Investors29
Minimum$75K
Offering506(b)
Arden Park Capital Fund I, LP
Edina, MNEmerging
First saleApr 2025
Raised$10.0M
Investors30
Minimum$50K
Offering506(b)
Deepwater Granite Fund LP
Minneapolis, MNEmerging
First saleAug 2026
Raised$3.4M
Investors14
MinimumNone set
Offering506(b)
Castlelake Asset-Based Private Credit IV, L.P.
Minneapolis, MN
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
RIC Income Fund I LP
Plymouth, MN
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
OSP Value Fund V-B, LP
Edina, MN
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
OSP Value Fund V, LP
Edina, MN
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Nord Bla Fc I Access, LLC
Chaska, MN
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
MPowered Capital Access Fund II, L.P.
Minneapolis, MN
First sale—
Raised$0
Investors0
Minimum$1
Offering506(b)
CLCS Apc, L.P.
Minneapolis, MN
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
CLCS Cla, L.P.
Minneapolis, MN
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Northern Lakes Capital Fund V, L.P.
Minneapolis, MN
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Castlelake European Senior Secured Rated Feeder, L.P.
Minneapolis, MN
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Castlelake Titan Aviation Opportunities, L.P.
Minneapolis, MN
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Castlelake Consumer Receivables Opportunity V Feeder, L.P.
Minneapolis, MN
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Castlelake Consumer Receivables Opportunity V, L.P.
Minneapolis, MN
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
NorthRock Credit Access Opportunity I, L.P.
Minneapolis, MN
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
CLCS Aggregation Fund, L.P.
Minneapolis, MN
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
TTCP Rcm Fund III, L.P.
Bloomington, MN
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Castlelake Consumer Receivables Opportunity IV Feeder, L.P.
Minneapolis, MN
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Castlelake Consumer Receivables Opportunity IV, L.P.
Minneapolis, MN
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)