ECA Emerald LLC is a private investment fund based in Raleigh, North Carolina. According to its most recent Form D, filed Sep 24, 2026, it has sold $7,000,000 of interests to 40 investors since its first sale in May 2026. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Michael Garland.
- Total raised
- $7,000,000Cumulative sales reported on Form D
- Investors
- 40
- First sale
- May 29, 2026
- 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 Garland
- Latest Form D
- Sep 24, 2026
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 ECA Emerald LLC
What is the minimum investment for ECA Emerald LLC?
ECA Emerald LLC's latest Form D, filed Sep 24, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in ECA Emerald LLC?
ECA Emerald 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 ECA Emerald LLC raised?
ECA Emerald LLC reports $7,000,000 sold from 40 investors on its Form D filed Sep 24, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is ECA Emerald LLC based?
ECA Emerald LLC is based in Raleigh, North Carolina.
When did ECA Emerald LLC launch?
ECA Emerald LLC reports its first sale in May 2026, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every private investment fund
Raised more than 46% of the 244 private investment funds based in North Carolina, and more than 36% of all 10,255 that report sales.