Realist Investment Fund, LP is a hedge fund based in Hillsborough, California. According to its most recent Form D, filed Mar 17, 2026, the fund has sold $1,350,000 of interests to 3 investors since its first sale in Feb 2026. The minimum investment it accepts from an outside investor is $500,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(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 Craig Sprosts.
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
- $1,350,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Feb 25, 2026
- Minimum investment
- $500,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Net asset value range
- $1 - $5,000,000Self-reported
- Key people and entities
- Craig Sprosts
- Latest Form D
- Mar 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 19% of the 1,051 hedge funds based in California, and more than 7% of all 10,157 that report sales.