Altera Extended Stay Development, LLC is a private equity fund based in Atlanta, Georgia. According to its most recent Form D, filed Sep 14, 2022, it has sold $4,450,000 of interests to 31 investors since its first sale in Jun 2022. The minimum investment it accepts from an outside investor is $100,000. 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 Altera Extended Stay Development GP, LLC; David Fershteyn; Altera Private Access, LLC.
- Total raised
- $4,450,000Cumulative sales reported on Form D
- Investors
- 31
- First sale
- Jun 24, 2022
- Minimum investment
- $100,000
- 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
- Altera Extended Stay Development GP, LLC; David Fershteyn; Altera Private Access, LLC
- Latest Form D
- Sep 14, 2022
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 Altera Extended Stay Development, LLC
What is the minimum investment for Altera Extended Stay Development, LLC?
According to its latest Form D, filed Sep 14, 2022, the minimum investment Altera Extended Stay Development, LLC accepts from an outside investor is $100,000.
Who can invest in Altera Extended Stay Development, LLC?
Altera Extended Stay Development, 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 Altera Extended Stay Development, LLC raised?
Altera Extended Stay Development, LLC reports $4,450,000 sold from 31 investors on its Form D filed Sep 14, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Altera Extended Stay Development, LLC based?
Altera Extended Stay Development, LLC is based in Atlanta, Georgia.
When did Altera Extended Stay Development, LLC launch?
Altera Extended Stay Development, LLC reports its first sale in Jun 2022.
Size compared with every private equity fund
Raised more than 40% of the 123 private equity funds based in Georgia, and more than 33% of all 8,896 that report sales.