Black Economic Development Fund LLC is a private equity fund based in New York, New York. Its most recent Form D, filed Nov 25, 2020, reports no sales yet. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include LISC Fund Management, LLC; Courtney Branker.
- Total raised
- $0Cumulative sales reported on Form D
- Investors
- 0
- First sale
- —
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- LISC Fund Management, LLC; Courtney Branker
- Latest Form D
- Nov 25, 2020
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 Black Economic Development Fund LLC
What is the minimum investment for Black Economic Development Fund LLC?
Black Economic Development Fund LLC's latest Form D, filed Nov 25, 2020, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Black Economic Development Fund LLC?
Black Economic Development Fund 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(c), so it may advertise, but every investor must be verified as accredited.
How much has Black Economic Development Fund LLC raised?
Black Economic Development Fund LLC's latest Form D, filed Nov 25, 2020, reports no sales yet.
Where is Black Economic Development Fund LLC based?
Black Economic Development Fund LLC is based in New York, New York.
Size compared with every private equity fund
This fund hasn't reported any sales yet.