PL Capital Spv #1, LP is a hedge fund based in Naples, Florida. According to its most recent Form D, filed Sep 3, 2026, the fund has sold $5,285,886 of interests to 14 investors since its first sale in Jul 2025. The filing does not set a minimum investment. 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 Richard Lashley; John Palmer; PL Capital, LLC.
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
- $5,285,886Cumulative sales reported on Form D
- Investors
- 14
- First sale
- Jul 1, 2025
- Minimum investment
- None set
- 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
- Richard Lashley; John Palmer; PL Capital, LLC
- Latest Form D
- Sep 3, 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 40% of the 743 hedge funds based in Florida, and more than 15% of all 10,157 that report sales.