ESOP Direct Account
ESOP Direct Account is a private equity fund organized in United Kingdom and advised by Seligman Private Equity Select. Its adviser reported $11,900,000 in gross assets for the fund on Form ADV, filed Mar 18, 2024. It reported 1 beneficial owner, about 100% of it owned by non-U.S. persons. The minimum investment it accepts is $1,135,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. It invests in other private funds (a fund of funds).
- Gross assets
- $11,900,000As reported on Form ADV
- Beneficial owners
- 1
- Minimum investment
- $1,135,000
- Who can invest
- Qualified purchasersSection 3(c)(7)
- Fund type
- Private equity fund
- Domicile
- United Kingdom
- Auditor
- Deloitte LLP
- Administrator
- International Fund Services (Ireland) Limited
- Custodian
- State Street Custodial Services (Ireland) Limited
- Adviser
- Seligman Private Equity Select · London, United Kingdom · CRD 172817
- Reported on
- Mar 18, 2024Adviser's Form ADV
From SEC filings, not verified. This information is republished from the adviser's Form ADV (Schedule D, Section 7.B.(1)) in the SEC's public Form ADV data, which currently runs through filings made by Dec 26, 2024. Figures are as of the adviser's filing and may have changed since. It is not an offer, solicitation or recommendation, AltMountain has not reviewed the fund, and gross assets are not performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about ESOP Direct Account
What is the minimum investment for ESOP Direct Account?
According to its adviser's Form ADV filed Mar 18, 2024, the minimum investment ESOP Direct Account accepts is $1,135,000.
Who can invest in ESOP Direct Account?
ESOP Direct Account is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7).
How large is ESOP Direct Account?
Its adviser reported $11,900,000 in gross assets on Form ADV filed Mar 18, 2024. Gross assets include borrowed money and are not the same as net assets or performance.
Who manages ESOP Direct Account?
ESOP Direct Account is advised by Seligman Private Equity Select, based in London, United Kingdom.
Who are ESOP Direct Account's service providers?
Its Form ADV lists Deloitte LLP as auditor and International Fund Services (Ireland) Limited as administrator.