First in Adlumin 2023 LLC is a venture capital fund based in Hobe Sound, Florida. According to its most recent Form D, filed Sep 17, 2026, it has sold $1,241,500 of interests to 12 investors since its first sale in Aug 2023. The minimum investment it accepts from an outside investor is $6,500. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Forbes McPherson.
- Total raised
- $1,241,500Cumulative sales reported on Form D
- Investors
- 12
- First sale
- Aug 14, 2023
- Minimum investment
- $6,500
- 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
- Forbes McPherson
- Latest Form D
- Sep 17, 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 First in Adlumin 2023 LLC
What is the minimum investment for First in Adlumin 2023 LLC?
According to its latest Form D, filed Sep 17, 2026, the minimum investment First in Adlumin 2023 LLC accepts from an outside investor is $6,500.
Who can invest in First in Adlumin 2023 LLC?
First in Adlumin 2023 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(b), which does not allow general advertising.
How much has First in Adlumin 2023 LLC raised?
First in Adlumin 2023 LLC reports $1,241,500 sold from 12 investors on its Form D filed Sep 17, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is First in Adlumin 2023 LLC based?
First in Adlumin 2023 LLC is based in Hobe Sound, Florida.
When did First in Adlumin 2023 LLC launch?
First in Adlumin 2023 LLC reports its first sale in Aug 2023, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every venture capital fund
Raised more than 50% of the 585 venture capital funds based in Florida, and more than 65% of all 15,160 that report sales.