Praetorian Capital Fund LLC is a hedge fund based in Coral Gables, Florida. According to its most recent Form D, filed Mar 19, 2026, the fund has sold $317,321,438 of interests to 107 investors since its first sale in Jan 2019. The minimum investment it accepts from an outside investor is $5,000,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Praetorian PR LLC; Praetorian Capital Management LLC; Harris Kupperman.
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
- $317,321,438Cumulative sales reported on Form D
- Investors
- 107
- First sale
- Jan 9, 2019
- Minimum investment
- $5,000,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Praetorian PR LLC; Praetorian Capital Management LLC; Harris Kupperman
- Latest Form D
- Mar 19, 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 90% of the 743 hedge funds based in Florida, and more than 76% of all 10,157 that report sales.