1626
1626 is a venture capital fund organized in Delaware, United States and advised by Grandbanks Capital Inc. Its adviser reported $73,080,156 in gross assets for the fund on Form ADV, filed Dec 22, 2023. It reported 15 beneficial owners, about 38% of it owned by non-U.S. persons. The minimum investment it accepts is $5,000,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers.
- Gross assets
- $73,080,156As reported on Form ADV
- Beneficial owners
- 15
- Minimum investment
- $5,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7)
- Fund type
- Venture capital fund
- Domicile
- Delaware, United States
- Auditor
- KPMG LLP
- Custodian
- Silicon Valley Bank
- Adviser
- Grandbanks Capital Inc. · CRD 162876
- Reported on
- Dec 22, 2023Adviser'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 1626
What is the minimum investment for 1626?
According to its adviser's Form ADV filed Dec 22, 2023, the minimum investment 1626 accepts is $5,000,000.
Who can invest in 1626?
1626 is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7).
How large is 1626?
Its adviser reported $73,080,156 in gross assets on Form ADV filed Dec 22, 2023. Gross assets include borrowed money and are not the same as net assets or performance.
Who manages 1626?
1626 is advised by Grandbanks Capital Inc.
Who are 1626's service providers?
Its Form ADV lists KPMG LLP as auditor.