Form D · Hedge Fund

TRF LLC

New York, NY · CIK 0001459908

Offering snapshot reported Jul 8, 2026 · SEC filing

Reported sold: $59M
Investors reported: 70
Minimum accepted: $0
First sale: Jan 1, 2006

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.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jul 8, 2026	Amendment	$59,024,120	$0vs Jul 10, 2025	70	SEC filing
Jul 10, 2025	Amendment	$59,024,120	$0vs Aug 3, 2023	70	SEC filing
Jul 15, 2024	Amendment	$59,024,120	$0vs Aug 3, 2023	70	SEC filing
Aug 3, 2023	Amendment	$59,024,120	$0vs Jul 21, 2022	70	SEC filing
Jul 21, 2022	Amendment	$59,024,120	$0vs Jul 19, 2021	70	SEC filing
Jul 20, 2022	Initial	$59,024,120	No comparison	70	SEC filing
Jul 19, 2021	Amendment	$59,024,120	No comparison	Not reported	SEC filing
Jul 17, 2020	Amendment	$58,874,120	$0vs Jul 17, 2019	69	SEC filing
Jul 17, 2019	Amendment	$58,874,120	$0vs Jul 17, 2018	69	SEC filing
Jul 17, 2018	Amendment	$58,874,120	$33,313vs Jul 17, 2017	69	SEC filing
Jul 17, 2017	Amendment	$58,840,807	$10,631,000vs Mar 9, 2012	69	SEC filing
Mar 9, 2012	Amendment	$48,209,807	$20,915,756vs Mar 12, 2010	47	SEC filing
Mar 10, 2011	Amendment	$37,115,681	$9,821,630vs Mar 12, 2010	39	SEC filing
Mar 12, 2010	Amendment	$27,294,051	No comparison	27	SEC filing
Mar 13, 2009	Paper	Not reported	No comparison	Not reported	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-128870

Limited liability interests

Source: Form D, filed Jul 8, 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

TRF LLC

Investment adviser: WATER ASSET MANAGEMENT, LLC

Gross asset value: $6.76M
Beneficial owners: 33
ADV minimum commitment: $1M

Reported in Form ADV on May 4, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SS&C GLOBEOP NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG LLP NEW YORK, New York, United States

Custodian JPMORGAN CHASE NEW YORK, New York, United States Related to adviser: No

Prime broker GOLDMAN SACHS & CO. 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

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

Filing source

Form ADV 2103104 · May 4, 2026 · Schedule D 7.B.(1), fund 805-2582004475

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
Disque Deane, Jr.	Executive
Matthew Diserio	Executive
Marc Robert	Executive
Water Investment Advisors, Llc Water Investment Advisors, Llc	Executive
N/A Water Investment Advisors, Llc	Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Water Investment Advisors Llc 400 Madison Ave, Suite 11 B
New York, NY, 10017