FormDSignal
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Deep Reef LLC Series III closes $5M institutional fund in Puerto Rico

New fund · Other fund · Closed · San Juan · Form D filed 2026-10-15 · sponsor: Deep Reef Capital · all Deep Reef vehicles

Deep Reef LLC Series III, a pooled investment fund, closed a $5M offering under Regulation D exemption 3(c)(7) for qualified institutional buyers. The fund reached its target with 30 investors and first sale on May 22, 2026.

Note: Entity incorporated October 2026, same month as filing; first sale occurred May 2026, creating a timeline gap that may reflect amended filing or data entry issue.

3(c)(7) — qualified purchasersFirst filing by this entityrepeat_fund_numeralPlacement agent engagedFund of funds

How this compares

  • $5M is larger than 50% of the 1,754 other fund fund launches with a stated size in the last two years; the median is $5M.
  • Among 89 fund launches filed from PR in the same window it is larger than 39%; the PR median is $9.6M.
  • Across 240 other fund sponsors with more than one launch on EDGAR, the median gap between consecutive funds is 4 months.
  • No earlier fund launch by this sponsor appears on EDGAR.

Computed from every Form D fund launch on EDGAR since late 2024, not sampled. Amounts are the stated offering size; indefinite offerings are excluded.

Deep Reef Capital on EDGAR

Earlier and related filings by the same issuer and sponsor. All Deep Reef vehicles →

People on the filing

Patrick HorsmanExecutive Officer
Russell GrossExecutive Officer
N/A Deep Reef Capital LLCPromoter

Signed by Patrick Horsman, Manager.

Placement agents / sales compensation: Peter Michael Nash; Brian Matthew Nash

Why now — by persona

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Filing contact

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