BL Venture LLC is a real estate fund based in Blue Bell, Pennsylvania. According to its most recent Form D, filed Dec 29, 2021, it has sold $8,000,000 of interests to 72 investors since its first sale in Dec 2021. The minimum investment it accepts from an outside investor is $16,667. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Frank Seidman; Maxeli BL , LLC; Nimish Sanghrajka.
- Total raised
- $8,000,000Cumulative sales reported on Form D
- Investors
- 72
- First sale
- Dec 28, 2021
- Minimum investment
- $16,667
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Frank Seidman; Maxeli BL , LLC; Nimish Sanghrajka
- Latest Form D
- Dec 29, 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 BL Venture LLC
What is the minimum investment for BL Venture LLC?
According to its latest Form D, filed Dec 29, 2021, the minimum investment BL Venture LLC accepts from an outside investor is $16,667.
Who can invest in BL Venture LLC?
BL Venture LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(b), which does not allow general advertising.
How much has BL Venture LLC raised?
BL Venture LLC reports $8,000,000 sold from 72 investors on its Form D filed Dec 29, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is BL Venture LLC based?
BL Venture LLC is based in Blue Bell, Pennsylvania.
When did BL Venture LLC launch?
BL Venture LLC reports its first sale in Dec 2021.
Size compared with every real estate fund
Raised more than 77% of the 191 real estate funds based in Pennsylvania, and more than 74% of all 7,337 that report sales.