Form D · Hedge Fund

Pine River Municipal Master Fund Ltd.

Minnetonka, MN · CIK 0001761122

Offering snapshot reported Dec 8, 2025 · SEC filing

Reported sold
$14.1M
Indefinite offering
Investors reported
1
Form D · investor count
Minimum accepted
$1M
Reported outside-investor minimum
First sale
Nov 1, 2018
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$7.06M$14.1MDec 10, 2018: $450,000.00Dec 10, 2018Dec 10, 2019: $512,000.00Dec 9, 2021: $4,111,455.00Dec 9, 2021Dec 8, 2025: $14,111,455.00Dec 8, 2025

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$4,111,455 → $14,111,455

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Dec 8, 2025Amendment$14,111,455$10,000,000vs Dec 9, 20211SEC filing
Dec 9, 2021Amendment$4,111,455$3,599,455vs Dec 10, 20191SEC filing
Dec 10, 2019Amendment$512,000$62,000vs Dec 10, 20181SEC filing
Dec 10, 2018Initial$450,000No comparison1SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-327479

Source: Form D, filed Dec 8, 2025. 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

PINE RIVER MUNICIPAL MASTER FUND LTD.

Investment adviser: PINE RIVER CAPITAL MANAGEMENT L.P.

Gross asset value
$53.9M
Beneficial owners
8
ADV minimum commitment
$1M

Reported in Form ADV on Jun 16, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SS&C FINANCIAL SERVICES (CAYMAN) LTD. GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Fund administrator SS&C FINANCIAL SERVICES LLC WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LLP GRAND CAYMAN, Cayman Islands
Custodian TD PRIME SERVICES LLC NEW YORK, New York, United States Related to adviser: No
Custodian THE BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No
Prime broker TD PRIME SERVICES 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

ERNST & YOUNG LLP
PCAOB 1655

Filing source

Form ADV 2113769 · Jun 16, 2026 · Schedule D 7.B.(1), fund 805-1558350951

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
Philip Dickie Director
Leanne Golding Director
Brian Curtis Taylor Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O Pine River Capital Management L.P. 601 Carlson Pkwy, 7 Th Floor
Minnetonka, MN, 55305