Alate I LP
Alate I LP is a private fund (private fund with assets in the us less than $150 million) organized in Canada and advised by Relay Ventures. Its adviser reported $42,236,521 in gross assets for the fund on Form ADV, filed Apr 11, 2024. It reported 13 beneficial owners, about 100% of it owned by non-U.S. persons. The minimum investment it accepts is $200,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors.
- Gross assets
- $42,236,521As reported on Form ADV
- Beneficial owners
- 13
- Minimum investment
- $200,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 owners
- Fund type
- Private fundPRIVATE FUND WITH ASSETS IN THE US LESS THAN $150 MILLION
- Domicile
- Canada
- Auditor
- Deloitte
- Administrator
- Alate I GP Inc.
- Custodian
- Bank of Nova Scotia
- Adviser
- Relay Ventures · Toronto, Canada · CRD 327759
- Reported on
- Apr 11, 2024Adviser's Form ADV
From SEC filings, not verified. This information is republished from the adviser's Form ADV (Schedule D, Section 7.B.(1)) in the SEC's public Form ADV data, which currently runs through filings made by Dec 26, 2024. Figures are as of the adviser's filing and may have changed since. It is not an offer, solicitation or recommendation, AltMountain has not reviewed the fund, and gross assets are not performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Alate I LP
What is the minimum investment for Alate I LP?
According to its adviser's Form ADV filed Apr 11, 2024, the minimum investment Alate I LP accepts is $200,000.
Who can invest in Alate I LP?
Alate I LP 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).
How large is Alate I LP?
Its adviser reported $42,236,521 in gross assets on Form ADV filed Apr 11, 2024. Gross assets include borrowed money and are not the same as net assets or performance.
Who manages Alate I LP?
Alate I LP is advised by Relay Ventures, based in Toronto, Canada.
Who are Alate I LP's service providers?
Its Form ADV lists Deloitte as auditor and Alate I GP Inc. as administrator.