AAC Five LLC is a private equity fund based in New York, New York. According to its most recent Form D, filed Apr 9, 2026, it has sold $48,091,000 of interests to 24 investors since its first sale in Mar 2026. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Andrew Sugrue; James Reynolds IV; Avenir Growth Managing Partner V LLC.
- Total raised
- $48,091,000Cumulative sales reported on Form D
- Investors
- 24
- First sale
- Mar 25, 2026
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Andrew Sugrue; James Reynolds IV; Avenir Growth Managing Partner V LLC
- Latest Form D
- Apr 9, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about AAC Five LLC
What is the minimum investment for AAC Five LLC?
AAC Five LLC's latest Form D, filed Apr 9, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in AAC Five LLC?
AAC Five LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has AAC Five LLC raised?
AAC Five LLC reports $48,091,000 sold from 24 investors on its Form D filed Apr 9, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is AAC Five LLC based?
AAC Five LLC is based in New York, New York.
When did AAC Five LLC launch?
AAC Five LLC reports its first sale in Mar 2026, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every private equity fund
Raised more than 70% of the 3,770 private equity funds based in New York, and more than 63% of all 9,142 that report sales.