Adalta Ascent III LLC is a venture capital fund based in New York, New York. According to its most recent Form D, filed Aug 2, 2021, it has sold $950,000 of interests to 10 investors since its first sale in Jul 2021. The minimum investment it accepts from an outside investor is $25,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Navin Thukkaram.
- Total raised
- $950,000Cumulative sales reported on Form D
- Investors
- 10
- First sale
- Jul 21, 2021
- Minimum investment
- $25,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Navin Thukkaram
- Latest Form D
- Aug 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 Adalta Ascent III LLC
What is the minimum investment for Adalta Ascent III LLC?
According to its latest Form D, filed Aug 2, 2021, the minimum investment Adalta Ascent III LLC accepts from an outside investor is $25,000.
Who can invest in Adalta Ascent III LLC?
Adalta Ascent III LLC 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). It uses Rule 506(b), which does not allow general advertising.
How much has Adalta Ascent III LLC raised?
Adalta Ascent III LLC reports $950,000 sold from 10 investors on its Form D filed Aug 2, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Adalta Ascent III LLC based?
Adalta Ascent III LLC is based in New York, New York.
When did Adalta Ascent III LLC launch?
Adalta Ascent III LLC reports its first sale in Jul 2021.
Size compared with every venture capital fund
Raised more than 48% of the 1,239 venture capital funds based in New York, and more than 59% of all 14,865 that report sales.