EM Notes, LLC is a private investment fund based in New York. According to its most recent Form D, filed Sep 21, 2026, it has sold $18,964,380 of interests to 323 investors since its first sale in Dec 2023. The filing does not set a minimum investment. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Charles Clinton; none] EM Manager, LLC; Michael Stern.
- Total raised
- $18,964,380Cumulative sales reported on Form D
- Investors
- 323
- First sale
- Dec 1, 2023
- Minimum investment
- None set
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Charles Clinton; none] EM Manager, LLC; Michael Stern
- Latest Form D
- Sep 21, 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 EM Notes, LLC
What is the minimum investment for EM Notes, LLC?
EM Notes, LLC's latest Form D, filed Sep 21, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in EM Notes, LLC?
EM Notes, 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 EM Notes, LLC raised?
EM Notes, LLC reports $18,964,380 sold from 323 investors on its Form D filed Sep 21, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is EM Notes, LLC based?
EM Notes, LLC is based in New York.
When did EM Notes, LLC launch?
EM Notes, LLC reports its first sale in Dec 2023, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).