Altera GEM I PA LLC is a private equity fund based in Atlanta, Georgia. According to its most recent Form D, filed Jan 11, 2022, it has sold $18,632,000 of interests to 90 investors since its first sale in Nov 2021. The minimum investment it accepts from an outside investor is $250,000. 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 David Fershteyn; Mitch Reiner; Altera GEM I PA GP LLC.
- Total raised
- $18,632,000Cumulative sales reported on Form D
- Investors
- 90
- First sale
- Nov 4, 2021
- Minimum investment
- $250,000
- 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
- David Fershteyn; Mitch Reiner; Altera GEM I PA GP LLC
- Latest Form D
- Jan 11, 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 GEM I PA LLC
What is the minimum investment for Altera GEM I PA LLC?
According to its latest Form D, filed Jan 11, 2022, the minimum investment Altera GEM I PA LLC accepts from an outside investor is $250,000.
Who can invest in Altera GEM I PA LLC?
Altera GEM I PA 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 GEM I PA LLC raised?
Altera GEM I PA LLC reports $18,632,000 sold from 90 investors on its Form D filed Jan 11, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Altera GEM I PA LLC based?
Altera GEM I PA LLC is based in Atlanta, Georgia.
When did Altera GEM I PA LLC launch?
Altera GEM I PA LLC reports its first sale in Nov 2021.
Size compared with every private equity fund
Raised more than 62% of the 123 private equity funds based in Georgia, and more than 50% of all 8,950 that report sales.