Clearwater Diversifying Strategies Fund, LLC
Clearwater Diversifying Strategies Fund, LLC is a hedge fund based in St. Paul, Minnesota. According to its most recent Form D, filed Feb 17, 2026, the fund has sold $164,728,000 of interests to 61 investors since its first sale in Mar 2021. The minimum investment it accepts from an outside investor is $300,000. 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. Related persons named in the filing include Courtland Cunningham; Elizabeth Hlavka; Samuel Carr, Jr.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to HedgeMountain directly.
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- Total raised
- $164,728,000Cumulative sales reported on Form D
- Investors
- 61
- First sale
- Mar 17, 2021
- Minimum investment
- $300,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Courtland Cunningham; Elizabeth Hlavka; Samuel Carr, Jr
- Latest Form D
- Feb 17, 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 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 79% of the 70 hedge funds based in Minnesota, and more than 66% of all 10,157 that report sales.