Adar Somerset, LLC is a private equity fund based in Miami, Florida. According to its most recent Form D, filed Apr 13, 2021, it has sold $36,500,000 of interests to 32 investors since its first sale in Jul 2020. 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 Juan DeAngulo; Shlomo Khoudari; Jacobo Azout.
- Total raised
- $36,500,000Cumulative sales reported on Form D
- Investors
- 32
- First sale
- Jul 17, 2020
- 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
- Juan DeAngulo; Shlomo Khoudari; Jacobo Azout
- Latest Form D
- Apr 13, 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 Adar Somerset, LLC
What is the minimum investment for Adar Somerset, LLC?
According to its latest Form D, filed Apr 13, 2021, the minimum investment Adar Somerset, LLC accepts from an outside investor is $25,000.
Who can invest in Adar Somerset, LLC?
Adar Somerset, 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 Adar Somerset, LLC raised?
Adar Somerset, LLC reports $36,500,000 sold from 32 investors on its Form D filed Apr 13, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Adar Somerset, LLC based?
Adar Somerset, LLC is based in Miami, Florida.
When did Adar Somerset, LLC launch?
Adar Somerset, LLC reports its first sale in Jul 2020.
Size compared with every private equity fund
Raised more than 88% of the 784 private equity funds based in Florida, and more than 59% of all 8,950 that report sales.