CIAC Consortium LLC is a private equity fund based in San Juan, Puerto Rico. According to its most recent Form D, filed Dec 22, 2017, it has sold $1,040,000 of interests to 2 investors since its first sale in Nov 2016. The minimum investment it accepts from an outside investor is $250,000. 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 Francisco De Armas.
- Total raised
- $1,040,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Nov 18, 2016
- Minimum investment
- $250,000
- 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
- Francisco De Armas
- Latest Form D
- Dec 22, 2017
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 CIAC Consortium LLC
What is the minimum investment for CIAC Consortium LLC?
According to its latest Form D, filed Dec 22, 2017, the minimum investment CIAC Consortium LLC accepts from an outside investor is $250,000.
Who can invest in CIAC Consortium LLC?
CIAC Consortium 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 CIAC Consortium LLC raised?
CIAC Consortium LLC reports $1,040,000 sold from 2 investors on its Form D filed Dec 22, 2017. This is cumulative sales since the offering began, not current assets or performance.
Where is CIAC Consortium LLC based?
CIAC Consortium LLC is based in San Juan, Puerto Rico.
When did CIAC Consortium LLC launch?
CIAC Consortium LLC reports its first sale in Nov 2016.
Size compared with every private equity fund
Raised more than 28% of the 162 private equity funds based in Puerto Rico, and more than 21% of all 8,842 that report sales.