Figure HELOC Access Fund, LLC is a hedge fund based in San Francisco, California. According to its most recent Form D, filed Mar 28, 2024, the fund has sold $8,000,000 of interests to 8 investors since its first sale in Mar 2024. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Michael Abbate; Figure Investment Advisors, LLC; Jason Rives.
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
- $8,000,000Cumulative sales reported on Form D
- Investors
- 8
- First sale
- Mar 15, 2024
- Minimum investment
- $100,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Michael Abbate; Figure Investment Advisors, LLC; Jason Rives
- Latest Form D
- Mar 28, 2024
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 Figure HELOC Access Fund, LLC
What is the minimum investment for Figure HELOC Access Fund, LLC?
According to its latest Form D, filed Mar 28, 2024, the minimum investment Figure HELOC Access Fund, LLC accepts from an outside investor is $100,000.
Who can invest in Figure HELOC Access Fund, LLC?
Figure HELOC Access 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(c), so it may advertise, but every investor must be verified as accredited.
How much has Figure HELOC Access Fund, LLC raised?
Figure HELOC Access Fund, LLC reports $8,000,000 sold from 8 investors on its Form D filed Mar 28, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Figure HELOC Access Fund, LLC based?
Figure HELOC Access Fund, LLC is based in San Francisco, California.
When did Figure HELOC Access Fund, LLC launch?
Figure HELOC Access Fund, LLC reports its first sale in Mar 2024.
Size compared with every hedge fund
Raised more than 33% of the 1,049 hedge funds based in California, and more than 18% of all 10,127 that report sales.