Chi Ef III LP is a venture capital fund based in New York, New York. According to its most recent Form D, filed Sep 24, 2019, it has sold $12,281,000 of interests to 86 investors since its first sale in Sep 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 Kevin Raidy; CHI Advisors LLC; Cowen Healthcare Investments III GP LLC.
- Total raised
- $12,281,000Cumulative sales reported on Form D
- Investors
- 86
- First sale
- Sep 16, 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
- Kevin Raidy; CHI Advisors LLC; Cowen Healthcare Investments III GP LLC
- Latest Form D
- Sep 24, 2019
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 Chi Ef III LP
What is the minimum investment for Chi Ef III LP?
Chi Ef III LP's latest Form D, filed Sep 24, 2019, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Chi Ef III LP?
Chi Ef III 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 Chi Ef III LP raised?
Chi Ef III LP reports $12,281,000 sold from 86 investors on its Form D filed Sep 24, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is Chi Ef III LP based?
Chi Ef III LP is based in New York, New York.
When did Chi Ef III LP launch?
Chi Ef III LP reports its first sale in Sep 2019.
Size compared with every venture capital fund
Raised more than 80% of the 1,234 venture capital funds based in New York, and more than 89% of all 14,840 that report sales.