Form D · Hedge Fund

Phase3 Global Rates Fund LLC

Boca Raton, FL · CIK 0001968691

Offering snapshot reported Mar 18, 2026 · SEC filing

Reported sold
$20.5M
Indefinite offering
Investors reported
9
Form D · investor count
Minimum accepted
$1M
Reported outside-investor minimum
First sale
Aug 1, 2022
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$10.3M$20.5MMar 17, 2023: $8,500,000.00Mar 17, 2023Mar 18, 2024: $14,100,000.00Mar 18, 2024Mar 18, 2025: $18,600,000.00Mar 18, 2025Mar 18, 2026: $20,501,206.00Mar 18, 2026

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$18,600,000 → $20,501,206
  • Reported investors3 → 9

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Mar 18, 2026Amendment$20,501,206$1,901,206vs Mar 18, 20259SEC filing
Mar 18, 2025Amendment$18,600,000$10,100,000vs Mar 17, 20233SEC filing
Mar 18, 2024Amendment$14,100,000$5,600,000vs Mar 17, 20233SEC filing
Mar 17, 2023Initial$8,500,000No comparison2SEC 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
021-476179

Source: Form D, filed Mar 18, 2026. 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

PHASE3 GLOBAL RATES FUND LLC

Investment adviser: PHASE 3 CAPITAL MANAGEMENT LLC

Gross asset value
$160M
Beneficial owners
9
ADV minimum commitment
$1M

Reported in Form ADV on Sep 2, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator NAV FUND ADMINISTRATION GROUP OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG LLP CHICAGO, Illinois, United States
Custodian SG AMERICAS SECURITIES, LLC NEW YORK, New York, United States Related to adviser: No
Prime broker SG AMERICAS SECURITIES, 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

KPMG LLP
PCAOB 185

SG AMERICAS SECURITIES, LLC
SEC 8-66125

SG AMERICAS SECURITIES, LLC
CRD 128351 · SEC 8-66125

Filing source

Form ADV 2130652 · Sep 2, 2026 · Schedule D 7.B.(1), fund 805-4616193949

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
NameReported role
Karim S. Alwan Executive
Shane B. Hoover Executive
N/A Phase 3 Capital Management Llc Executive
Eric M. White Executive
Ethan S. Youderian Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
6501 Congress Avenue Suite 220
Boca Raton, FL, 33487