5Up3Down Fund LP is a hedge fund based in Peoria, Illinois. According to its most recent Form D, filed Nov 12, 2025, the fund has sold $600,000 of interests to 1 investor since its first sale in Oct 2025. The minimum investment it accepts from an outside investor is $200,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, HedgeMountain classifies it as an emerging manager. Related persons named in the filing include Darren Frye; Rebecca Frye; Jordan Wolf.
- Total raised
- $600,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Oct 27, 2025
- Minimum investment
- $200,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Darren Frye; Rebecca Frye; Jordan Wolf
- Latest Form D
- Nov 12, 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 HedgeMountain 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
Size compared with every hedge fund
Raised more than 12% of the 321 hedge funds based in Illinois, and more than 4% of all 10,157 that report sales.