TRG Dynamic Risk Manager - Level 2 Fund, L.P. is a hedge fund based in Raleigh, North Carolina. According to its most recent Form D, filed Mar 31, 2026, the fund has sold $13,135,830 of interests to 13 investors since its first sale in Dec 2013. The minimum investment it accepts from an outside investor is $500,000. 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 Victoria Park, LLC; Thomas Gasper.
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
- $13,135,830Cumulative sales reported on Form D
- Investors
- 13
- First sale
- Dec 31, 2013
- Minimum investment
- $500,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Net asset value range
- $5,000,001 - $25,000,000Self-reported
- Key people and entities
- Victoria Park, LLC; Thomas Gasper
- Latest Form D
- Mar 31, 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 47% of the 74 hedge funds based in North Carolina, and more than 24% of all 10,157 that report sales.