ActiveProspect Five Elms, L.P. is a private equity fund based in Kansas City, Missouri. According to its most recent Form D, filed Jan 14, 2026, it has sold $45,000,000 of interests to 2 investors since its first sale in Dec 2025. 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 ActiveProspect Five Elms GP, LLC; Fred Coulson, IV; Five Elms IV GP, LLC.
- Total raised
- $45,000,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Dec 29, 2025
- 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
- ActiveProspect Five Elms GP, LLC; Fred Coulson, IV; Five Elms IV GP, LLC
- Latest Form D
- Jan 14, 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 ActiveProspect Five Elms, L.P.
What is the minimum investment for ActiveProspect Five Elms, L.P.?
ActiveProspect Five Elms, L.P.'s latest Form D, filed Jan 14, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in ActiveProspect Five Elms, L.P.?
ActiveProspect Five Elms, L.P. 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 ActiveProspect Five Elms, L.P. raised?
ActiveProspect Five Elms, L.P. reports $45,000,000 sold from 2 investors on its Form D filed Jan 14, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is ActiveProspect Five Elms, L.P. based?
ActiveProspect Five Elms, L.P. is based in Kansas City, Missouri.
When did ActiveProspect Five Elms, L.P. launch?
ActiveProspect Five Elms, L.P. reports its first sale in Dec 2025, 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 72% of the 40 private equity funds based in Missouri, and more than 62% of all 9,142 that report sales.