Phase3 Global Rates Fund LLC is a hedge fund based in Boca Raton, Florida. According to its most recent Form D, filed Mar 18, 2026, the fund has sold $20,501,206 of interests to 9 investors since its first sale in Aug 2022. The minimum investment it accepts from an outside investor is $1,000,000. 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 Phase 3 Capital Management LLC; Shane Hoover; Karim Alwan.
- Total raised
- $20,501,206Cumulative sales reported on Form D
- Investors
- 9
- First sale
- Aug 1, 2022
- Minimum investment
- $1,000,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Phase 3 Capital Management LLC; Shane Hoover; Karim Alwan
- Latest Form D
- Mar 18, 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 58% of the 743 hedge funds based in Florida, and more than 30% of all 10,157 that report sales.