AltStreet
EDGAR Verified
Primary Source · SEC.gov

Reflexive Capital Digital Asset Fund, LLC

CIK 0001902791Fund Vehicle2025 vintage506(b), 3(c)(1)

Raised

$77M

Investors

80

Min Invest

$0

AltStreet Analysis

·

Generated from EDGAR primary sources

Reflexive Capital Digital Asset Fund, LLC is a Delaware-domiciled pooled investment vehicle focused on digital assets, filed by Reflexive Capital Management LP and related entities with David Kalk as executive officer. This amended filing reports $77.1M raised from 80 investors under Rule 506(b) and Section 3(c)(1) exemptions. The filing does not disclose a minimum investment amount or first sale date.

This tokenized real-world asset vehicle uses the 506(b) private placement exemption typical of institutional digital asset funds, allowing up to 35 non-accredited investors alongside unlimited accredited investors. The 80-investor count and $77.1M raise suggests an average commitment near $964K, positioning this in the high-net-worth to small institutional tier common for crypto-native fund managers.

Data Flags

first_sale_dateFirst sale date not disclosed on amended filing with $77.1M raised, below the $100M threshold where this omission is standard practice
investor_count80 investors with $77.1M total suggests relatively modest average check size (~$964K) for a digital asset fund structure, indicating broad retail-HNW distribution rather than concentrated institutional backing

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001902791
Entity NameReflexive Capital Digital Asset Fund, LLC
Exemption506(b), 3(c)(1)
First Sale Date—
Filing DateJune 13, 2025
Accession Number0001902791-25-000001
Total Amount Sold$77M
Total Investors80
Minimum Investment$0 (no stated minimum)
Securities TypePooled Investment Fund
State of IncorporationNot specified
Amendment CountOriginal filing only

Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

N/A Reflexive Capital GP LLC

Executive Officer · San Francisco, CA

N/A Reflexive Capital Management LP

Executive Officer · San Francisco, CA

N/A Reflexive Capital Holdings LLC

Executive Officer · San Francisco, CA

David Kalk

Executive Officer · San Francisco, CA

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.