Form D · Hedge Fund

ReFlow Fund, LLC

San Francisco, CA · CIK 0001509288

Offering snapshot reported Dec 3, 2025 · SEC filing

Reported sold
$1.2B
Indefinite offering
Investors reported
3
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Jan 7, 2003
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$602M$1.2BAug 20, 2021: $768,270,092.00Aug 20, 2021Dec 13, 2022: $1,004,200,000.00Dec 13, 2022Dec 12, 2023: $1,204,300,000.00Dec 12, 2023Dec 4, 2024: $1,204,300,000.00Dec 4, 2024Dec 3, 2025: $1,204,300,000.00Dec 3, 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.

No comparable changes in the displayed metrics.

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Dec 3, 2025Amendment$1,204,300,000$0vs Dec 4, 20243SEC filing
Dec 4, 2024Amendment$1,204,300,000$0vs Dec 12, 20233SEC filing
Dec 12, 2023Amendment$1,204,300,000$200,100,000vs Dec 13, 20223SEC filing
Dec 13, 2022Amendment$1,004,200,000$235,929,908vs Aug 20, 20213SEC filing
Aug 20, 2021Amendment$768,270,092No comparisonNot reportedSEC filing
Aug 20, 2021Amendment$768,270,092No comparisonNot reportedSEC filing
Apr 27, 2015Amendment$50,000,000$0vs Jan 10, 20131SEC filing
Jan 10, 2013Amendment$50,000,000$0vs Jan 7, 20111SEC filing
Jan 7, 2011Initial$50,000,000No comparison1SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06c, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0 (estimated)
Finders' fees
$0 (estimated)
Form D file number
021-153232

Source: Form D, filed Dec 3, 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

REFLOW FUND, LLC

Investment adviser: REFLOW SERVICES, LLC

Gross asset value
$521M
Beneficial owners
3
ADV minimum commitment
$100K

Reported in Form ADV on Jun 11, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator FORMIDIUM CORP DOWNERS GROVE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG LLP SAN FRANCISCO, California, United States
Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No
Custodian UMB BANK, N.A. KANSAS CITY, Missouri, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

KPMG LLP
PCAOB 185

GOLDMAN SACHS & CO. LLC
SEC 8-129

Filing source

Form ADV 2105561 · Jun 11, 2026 · Schedule D 7.B.(1), fund 805-7714638373

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
Michael Scott Cagney Executive
Kenneth Chan Executive
William Gregg White Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
33 New Montgomery Street Suite 1150
San Francisco, CA, 94105