GalNet Alpha Fund LLC
GalNet Alpha Fund LLC is a hedge fund based in Frankfort, Illinois. According to its most recent Form D, filed Jan 6, 2026, the fund has sold $74,977,317 of interests to 55 investors since its first sale in Mar 2011. The minimum investment it accepts from an outside investor is $100,000. 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. Related persons named in the filing include Kevin Galassini.
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
- $74,977,317Cumulative sales reported on Form D
- Investors
- 55
- First sale
- Mar 31, 2011
- Minimum investment
- $100,000
- 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
- $50,000,001 - $100,000,000Self-reported
- Key people and entities
- Kevin Galassini
- Latest Form D
- Jan 6, 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 66% of the 321 hedge funds based in Illinois, and more than 52% of all 10,157 that report sales.