Form D · Hedge Fund

Praetorian Capital Fund LLC

Coral Gables, FL · CIK 0001765180

Offering snapshot reported Mar 19, 2026 · SEC filing

Reported sold: $317M
Investors reported: 107
Minimum accepted: $5M
First sale: Jan 9, 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$267,808,299 → $317,321,438
Reported investors104 → 107

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Mar 19, 2026	Amendment	$317,321,438	$49,513,139vs Mar 20, 2025	107	SEC filing
Mar 20, 2025	Amendment	$267,808,299	$65,484,320vs Mar 27, 2024	104	SEC filing
Mar 27, 2024	Amendment	$202,323,979	$37,868,753vs Apr 5, 2023	100	SEC filing
Apr 5, 2023	Amendment	$164,455,226	$46,752,727vs Apr 6, 2022	96	SEC filing
Apr 6, 2022	Amendment	$117,702,499	$108,794,499vs Apr 6, 2021	88	SEC filing
Apr 6, 2021	Amendment	$8,908,000	$2,400,000vs Jan 15, 2021	29	SEC filing
Jan 15, 2021	Amendment	$6,508,000	$2,273,000vs Jan 17, 2020	20	SEC filing
Jan 17, 2020	Amendment	$4,235,000	$3,185,000vs Jan 17, 2019	11	SEC filing
Jan 17, 2019	Initial	$1,050,000	No comparison	4	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-330777

Source: Form D, filed Mar 19, 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

PRAETORIAN CAPITAL FUND LLC

Investment adviser: PRAETORIAN PR LLC

Gross asset value: $471M
Beneficial owners: 200
ADV minimum commitment: $1M

Reported in Form ADV on Mar 25, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator OPUS FUND SERVICES (BERMUDA) LTD. NAPERVILLE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KAUFMAN ROSSIN & CO., P.A. MIAMI, Florida, United States

Custodian CIBC BANK USA CHICAGO, Illinois, United States Related to adviser: No

Custodian INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States Related to adviser: No

Custodian PERSHING LLC JERSEY CITY, New Jersey, United States Related to adviser: No

Marketer ALPHA WEALTH (PTY) LIMITED JOHANNESBURG, South Africa Related to adviser: No

Prime broker INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States

Prime broker JONESTRADING THOUSAND OAKS, California, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

KAUFMAN ROSSIN & CO., P.A.
PCAOB 137

INTERACTIVE BROKERS LLC
SEC 8-47257

PERSHING LLC
SEC 8-17574

INTERACTIVE BROKERS LLC
CRD 36418 · SEC 8-47257

JONESTRADING
CRD 6888 · SEC 8-26089

Filing source

Form ADV 2079598 · Mar 25, 2026 · Schedule D 7.B.(1), fund 805-3341029899

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
Harris B. Kupperman	Executive
Praetorian Capital Management Llc	Promoter
. Praetorian Capital Management Llc	Promoter
Praetorian Pr Llc	Executive
. Praetorian Pr Llc	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Praetorian Capital Management Llc 3271 Riviera Drive
Coral Gables, FL, 33134