ACP Watermark Intermediate LLC
ACP Watermark Intermediate LLC is a private equity fund based in Los Angeles, California. According to its most recent Form D, filed Feb 2, 2021, it has sold $59,530,000 of interests to 11 investors since its first sale in Jul 2020. The minimum investment it accepts from an outside investor is $150,000. 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. Related persons named in the filing include Russell Gimelstob.
- Total raised
- $59,530,000Cumulative sales reported on Form D
- Investors
- 11
- First sale
- Jul 30, 2020
- Minimum investment
- $150,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Russell Gimelstob
- Latest Form D
- Feb 2, 2021
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 ACP Watermark Intermediate LLC
What is the minimum investment for ACP Watermark Intermediate LLC?
According to its latest Form D, filed Feb 2, 2021, the minimum investment ACP Watermark Intermediate LLC accepts from an outside investor is $150,000.
Who can invest in ACP Watermark Intermediate LLC?
ACP Watermark Intermediate 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 ACP Watermark Intermediate LLC raised?
ACP Watermark Intermediate LLC reports $59,530,000 sold from 11 investors on its Form D filed Feb 2, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is ACP Watermark Intermediate LLC based?
ACP Watermark Intermediate LLC is based in Los Angeles, California.
When did ACP Watermark Intermediate LLC launch?
ACP Watermark Intermediate LLC reports its first sale in Jul 2020.
Size compared with every private equity fund
Raised more than 84% of the 1,737 private equity funds based in California, and more than 66% of all 8,889 that report sales.