Elion Development Fund I, LP is a private equity fund based in Aventura, Florida. According to its most recent Form D, filed Jul 13, 2018, it has sold $23,858,000 of interests to 11 investors since its first sale in Jun 2018. The minimum investment it accepts from an outside investor is $50,000. 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 Elion Development Fund I GP, LLC; Jack Azout; Shlomo Khoudari.
- Total raised
- $23,858,000Cumulative sales reported on Form D
- Investors
- 11
- First sale
- Jun 7, 2018
- Minimum investment
- $50,000
- 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
- Elion Development Fund I GP, LLC; Jack Azout; Shlomo Khoudari
- Latest Form D
- Jul 13, 2018
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 Elion Development Fund I, LP
What is the minimum investment for Elion Development Fund I, LP?
According to its latest Form D, filed Jul 13, 2018, the minimum investment Elion Development Fund I, LP accepts from an outside investor is $50,000.
Who can invest in Elion Development Fund I, LP?
Elion Development Fund I, 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 Elion Development Fund I, LP raised?
Elion Development Fund I, LP reports $23,858,000 sold from 11 investors on its Form D filed Jul 13, 2018. This is cumulative sales since the offering began, not current assets or performance.
Where is Elion Development Fund I, LP based?
Elion Development Fund I, LP is based in Aventura, Florida.
When did Elion Development Fund I, LP launch?
Elion Development Fund I, LP reports its first sale in Jun 2018.
Size compared with every private equity fund
Raised more than 85% of the 776 private equity funds based in Florida, and more than 54% of all 8,883 that report sales.