Elcano Value Focus Fund, LLC
Elcano Value Focus Fund, LLC is a hedge fund based in New Orleans, Louisiana. According to its most recent Form D, filed Jul 2, 2021, the fund has sold $10,700,000 of interests to 5 investors since its first sale in Jul 2021. 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 Frank Friedler III.
Performance
No returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $10,700,000Cumulative sales reported on Form D
- Investors
- 5
- First sale
- Jul 1, 2021
- 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
- Frank Friedler III
- Latest Form D
- Jul 2, 2021
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. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Elcano Value Focus Fund, LLC
What is the minimum investment for Elcano Value Focus Fund, LLC?
According to its latest Form D, filed Jul 2, 2021, the minimum investment Elcano Value Focus Fund, LLC accepts from an outside investor is $250,000.
Who can invest in Elcano Value Focus Fund, LLC?
Elcano Value Focus Fund, 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 Elcano Value Focus Fund, LLC raised?
Elcano Value Focus Fund, LLC reports $10,700,000 sold from 5 investors on its Form D filed Jul 2, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Elcano Value Focus Fund, LLC based?
Elcano Value Focus Fund, LLC is based in New Orleans, Louisiana.
When did Elcano Value Focus Fund, LLC launch?
Elcano Value Focus Fund, LLC reports its first sale in Jul 2021.
Size compared with every hedge fund
Raised more than 70% of the 10 hedge funds based in Louisiana, and more than 22% of all 10,128 that report sales.