Braes Sneakers, LP is a private equity fund based in Houston, Texas. According to its most recent Form D, filed Mar 31, 2022, it has sold $4,488,955 of interests to 31 investors since its first sale in Jun 2019. 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(b), which does not permit general solicitation. Related persons named in the filing include Michael Mangan; James Clary; Braes Capital LLC.
- Total raised
- $4,488,955Cumulative sales reported on Form D
- Investors
- 31
- First sale
- Jun 28, 2019
- Minimum investment
- None set
- 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
- Michael Mangan; James Clary; Braes Capital LLC
- Latest Form D
- Mar 31, 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 Braes Sneakers, LP
What is the minimum investment for Braes Sneakers, LP?
Braes Sneakers, LP's latest Form D, filed Mar 31, 2022, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Braes Sneakers, LP?
Braes Sneakers, 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). It uses Rule 506(b), which does not allow general advertising.
How much has Braes Sneakers, LP raised?
Braes Sneakers, LP reports $4,488,955 sold from 31 investors on its Form D filed Mar 31, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Braes Sneakers, LP based?
Braes Sneakers, LP is based in Houston, Texas.
When did Braes Sneakers, LP launch?
Braes Sneakers, LP reports its first sale in Jun 2019.
Size compared with every private equity fund
Raised more than 60% of the 1,401 private equity funds based in Texas, and more than 33% of all 8,883 that report sales.