Terrapin Realization Fund, LLC is a hedge fund based in Miami, Florida. According to its most recent Form D, filed Feb 6, 2026, the fund has sold $40,193,463 of interests to 30 investors since its first sale in Feb 2019. 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. Related persons named in the filing include Nathan Leight.
- Total raised
- $40,193,463Cumulative sales reported on Form D
- Investors
- 30
- First sale
- Feb 8, 2019
- 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
- Nathan Leight
- Latest Form D
- Feb 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 67% of the 743 hedge funds based in Florida, and more than 41% of all 10,157 that report sales.