Form D · Hedge Fund

Base Rate Fund, L.P.

Dallas, TX · CIK 0001762660

Offering snapshot reported Apr 14, 2023 · SEC filing

Reported sold: $49.2M
Investors reported: 97
Minimum accepted: $1M
First sale: Jan 2, 2019

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$44,992,112 → $49,193,868
Reported investors102 → 97

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Apr 14, 2023	Amendment	$49,193,868	$4,201,756vs Apr 14, 2022	97	SEC filing
Apr 14, 2022	Amendment	$44,992,112	$3,575,111vs Apr 14, 2021	102	SEC filing
Apr 14, 2021	Amendment	$41,417,001	No comparison	Not reported	SEC filing
Apr 14, 2020	Amendment	$31,382,951	$8,920,310vs Apr 15, 2019	81	SEC filing
Apr 15, 2019	Amendment	$22,462,641	$2,154,244vs Feb 14, 2019	59	SEC filing
Feb 14, 2019	Amendment	$20,308,397	No comparison	48	SEC filing
Dec 28, 2018	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.1
Duration over one year: Yes
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-329123

Source: Form D, filed Apr 14, 2023. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

BASE RATE FUND, L.P.

Investment adviser: 3B CAPITAL MANAGEMENT, LP

Gross asset value: $69.2M
Beneficial owners: 93
ADV minimum commitment: $1M

Reported in Form ADV on Mar 27, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator NAV CONSULTING, INC. OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP DALLAS, Texas, United States

Custodian INWOOD NATIONAL BANK DALLAS, Texas, United States Related to adviser: No

Custodian MAREX CAPITAL MARKETS INC. NEW YORK, New York, United States Related to adviser: No

Prime broker CLEAR STREET LLC NEW YORK, New York, United States

Prime broker MAREX CAPITAL MARKETS INC. NEW YORK, New York, United States

Prime broker TD SECURITIES (USA) LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

INWOOD NATIONAL BANK
LEI 549300AHVQ1LDFNP8P69

MAREX CAPITAL MARKETS INC.
SEC 8-69039

CLEAR STREET LLC
CRD 288933 · SEC 8-69972

MAREX CAPITAL MARKETS INC.
CRD 161014 · SEC 8-69039

TD SECURITIES (USA) LLC
CRD 18476 · SEC 8-36747

Filing source

Form ADV 2059066 · Mar 27, 2026 · Schedule D 7.B.(1), fund 805-2810769953

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
N/A N/A 3 B Capital Equity, Llc	Executive
N/A N/A 3 B Capital Gp, Lp	Executive
Carl Y. Baggett	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

6510 Abrams Road Suite 620
Dallas, TX, 75231