Closed Loop Ventures II Parallel, LP
Closed Loop Ventures II Parallel, LP is a venture capital fund organized in Delaware, United States and advised by Closed Loop Partners, LLC. Its adviser reported $5,323,315 in gross assets for the fund on Form ADV, filed Oct 18, 2024. It reported 3 beneficial owners, about 100% of it owned by non-U.S. persons. The minimum investment it accepts is $1,000,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors.
- Gross assets
- $5,323,315As reported on Form ADV
- Beneficial owners
- 3
- Minimum investment
- $1,000,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 owners
- Fund type
- Venture capital fund
- Domicile
- Delaware, United States
- Auditor
- Cohnreznik LLP
- Administrator
- Socium LLC
- Custodian
- TD Bank; Flagstar Bank; BMO Harris Bank
- Adviser
- Closed Loop Partners, LLC · New York, NY · CRD 307079
- Reported on
- Oct 18, 2024Adviser's Form ADV
From SEC filings, not verified. This information is republished from the adviser's Form ADV (Schedule D, Section 7.B.(1)) in the SEC's public Form ADV data, which currently runs through filings made by Dec 26, 2024. Figures are as of the adviser's filing and may have changed since. It is not an offer, solicitation or recommendation, AltMountain has not reviewed the fund, and gross assets are not performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Closed Loop Ventures II Parallel, LP
What is the minimum investment for Closed Loop Ventures II Parallel, LP?
According to its adviser's Form ADV filed Oct 18, 2024, the minimum investment Closed Loop Ventures II Parallel, LP accepts is $1,000,000.
Who can invest in Closed Loop Ventures II Parallel, LP?
Closed Loop Ventures II Parallel, 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).
How large is Closed Loop Ventures II Parallel, LP?
Its adviser reported $5,323,315 in gross assets on Form ADV filed Oct 18, 2024. Gross assets include borrowed money and are not the same as net assets or performance.
Who manages Closed Loop Ventures II Parallel, LP?
Closed Loop Ventures II Parallel, LP is advised by Closed Loop Partners, LLC, based in New York, NY.
Who are Closed Loop Ventures II Parallel, LP's service providers?
Its Form ADV lists Cohnreznik LLP as auditor and Socium LLC as administrator.