AltMountain

Flight Fund I, LLC

Chicago, IL · CIK 1681034 · Sponsor: Grosvenor Capital Management, L.P.
Status: no Form D since Dec 2022. Funds file a Form D when they begin selling and amend it each year while the offering continues, so this fund has most likely stopped raising money. It may still be investing, or it may have closed or been dissolved. The details below are from its latest filing, kept here as a record.

Flight Fund I, LLC is a private investment fund based in Chicago, Illinois. According to its most recent Form D, filed Dec 15, 2022, it has sold $1,298,795,884 of interests to 1 investor since its first sale in Jul 2016. The minimum investment it accepts from an outside investor is $5,000,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Michael Sacks; Sandra Hurse; Grosvenor Capital Management, L.P.

Total raised
$1,298,795,884Cumulative sales reported on Form D
Investors
1
First sale
Jul 1, 2016
Minimum investment
$5,000,000
Who can invest
Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption
Rule 506(b)No general advertising
Key people and entities
Michael Sacks; Sandra Hurse; Grosvenor Capital Management, L.P
Latest Form D
Dec 15, 2022

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 Flight Fund I, LLC

What is the minimum investment for Flight Fund I, LLC?

According to its latest Form D, filed Dec 15, 2022, the minimum investment Flight Fund I, LLC accepts from an outside investor is $5,000,000.

Who can invest in Flight Fund I, LLC?

Flight Fund I, LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.

How much has Flight Fund I, LLC raised?

Flight Fund I, LLC reports $1,298,795,884 sold from 1 investor on its Form D filed Dec 15, 2022. This is cumulative sales since the offering began, not current assets or performance.

Where is Flight Fund I, LLC based?

Flight Fund I, LLC is based in Chicago, Illinois.

When did Flight Fund I, LLC launch?

Flight Fund I, LLC reports its first sale in Jul 2016.

Size compared with every private investment fund

Raised more than 92% of the 553 private investment funds based in Illinois, and more than 95% of all 10,270 that report sales.

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