Pine River Multi-Strategy Master Fund Ltd. is a hedge fund based in Minnetonka, Minnesota. According to its most recent Form D, filed Oct 17, 2025, the fund has sold $21,000,000 of interests to 1 investor since its first sale in Oct 2022. The minimum investment it accepts from an outside investor is $1,000,000. 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, HedgeMountain classifies it as an emerging manager. Related persons named in the filing include Philip Dickie; Leanne Golding; Brian Taylor.
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
- $21,000,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Oct 17, 2022
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Philip Dickie; Leanne Golding; Brian Taylor
- Latest Form D
- Oct 17, 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 43% of the 70 hedge funds based in Minnesota, and more than 30% of all 10,157 that report sales.