Pine River Municipal Master Fund Ltd.
Pine River Municipal Master Fund Ltd. is a hedge fund based in Minnetonka, Minnesota. According to its most recent Form D, filed Dec 8, 2025, the fund has sold $14,111,455 of interests to 1 investor since its first sale in Nov 2018. 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. Related persons named in the filing include Philip Dickie; Brian Taylor; Leanne Golding.
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.
Is this your fund? Report your monthly returns · How performance works
- Total raised
- $14,111,455Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Nov 1, 2018
- 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; Brian Taylor; Leanne Golding
- Latest Form D
- Dec 8, 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 39% of the 70 hedge funds based in Minnesota, and more than 25% of all 10,157 that report sales.