BSP Wallace LLC
BSP Wallace LLC is a private investment fund based in New York, New York. According to its most recent Form D, filed Dec 7, 2016, it has sold $5,555,000 of interests to 9 investors since its first sale in Feb 2014. 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 Black Spruce Management LLC; Joshua Gotlib.
- Total raised
- $5,555,000Cumulative sales reported on Form D
- Investors
- 9
- First sale
- Feb 3, 2014
- 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
- Black Spruce Management LLC; Joshua Gotlib
- Latest Form D
- Dec 7, 2016
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 BSP Wallace LLC
What is the minimum investment for BSP Wallace LLC?
According to its latest Form D, filed Dec 7, 2016, the minimum investment BSP Wallace LLC accepts from an outside investor is $100,000.
Who can invest in BSP Wallace LLC?
BSP Wallace 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 BSP Wallace LLC raised?
BSP Wallace LLC reports $5,555,000 sold from 9 investors on its Form D filed Dec 7, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is BSP Wallace LLC based?
BSP Wallace LLC is based in New York, New York.
When did BSP Wallace LLC launch?
BSP Wallace LLC reports its first sale in Feb 2014.
Size compared with every private investment fund
Raised more than 42% of the 2,822 private investment funds based in New York, and more than 33% of all 10,255 that report sales.