1247
1247 is a venture capital fund organized in Delaware, United States and advised by Benchmark Capital Holdings. Its adviser reported $1,690,270 in gross assets for the fund on Form ADV, filed Mar 26, 2024. It reported 41 beneficial owners. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors.
- Gross assets
- $1,690,270As reported on Form ADV
- Beneficial owners
- 41
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 owners
- Fund type
- Venture capital fund
- Domicile
- Delaware, United States
- Auditor
- Pricewaterhousecoopers LLP
- Custodian
- J.P. Morgan Securities LLC; First Citizens Investor Services, Inc.; Bofa Securities, Inc.
- Adviser
- Benchmark Capital Holdings · Woodside, CA · CRD 160352
- Reported on
- Mar 26, 2024Adviser's Form ADV
From SEC filings, not verified. This information is republished from the adviser's Form ADV (Schedule D, Section 7.B.(1)) in the SEC's public Form ADV data, which currently runs through filings made by Dec 26, 2024. Figures are as of the adviser's filing and may have changed since. It is not an offer, solicitation or recommendation, AltMountain has not reviewed the fund, and gross assets are not performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about 1247
What is the minimum investment for 1247?
Its adviser's Form ADV, filed Mar 26, 2024, does not set a minimum investment for 1247. The offering documents may still require one.
Who can invest in 1247?
1247 is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1).
How large is 1247?
Its adviser reported $1,690,270 in gross assets on Form ADV filed Mar 26, 2024. Gross assets include borrowed money and are not the same as net assets or performance.
Who manages 1247?
1247 is advised by Benchmark Capital Holdings, based in Woodside, CA.
Who are 1247's service providers?
Its Form ADV lists Pricewaterhousecoopers LLP as auditor.