Elite Equity, LLC is a private equity fund based in San Diego, California. According to its most recent Form D, filed Dec 30, 2015, it has sold $18,000,000 of interests to 90 investors since its first sale in Aug 2011. The minimum investment it accepts from an outside investor is $100,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include David Michan; Carlos Michan.
- Total raised
- $18,000,000Cumulative sales reported on Form D
- Investors
- 90
- First sale
- Aug 25, 2011
- Minimum investment
- $100,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- David Michan; Carlos Michan
- Latest Form D
- Dec 30, 2015
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 Elite Equity, LLC
What is the minimum investment for Elite Equity, LLC?
According to its latest Form D, filed Dec 30, 2015, the minimum investment Elite Equity, LLC accepts from an outside investor is $100,000.
Who can invest in Elite Equity, LLC?
Elite Equity, LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has Elite Equity, LLC raised?
Elite Equity, LLC reports $18,000,000 sold from 90 investors on its Form D filed Dec 30, 2015. This is cumulative sales since the offering began, not current assets or performance.
Where is Elite Equity, LLC based?
Elite Equity, LLC is based in San Diego, California.
When did Elite Equity, LLC launch?
Elite Equity, LLC reports its first sale in Aug 2011.
Size compared with every private equity fund
Raised more than 72% of the 1,738 private equity funds based in California, and more than 50% of all 8,888 that report sales.