Frictionless Capital Fund LP is a private equity fund based in Miami, Florida. According to its most recent Form D, filed May 20, 2024, it has sold $12,275,000 of interests to 33 investors since its first sale in Mar 2023. The filing does not set a minimum investment. 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 Logan Jastremski; Frictionless Capital Management LLC; Diego Perez de Ayala.
- Total raised
- $12,275,000Cumulative sales reported on Form D
- Investors
- 33
- First sale
- Mar 1, 2023
- Minimum investment
- None set
- 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
- Logan Jastremski; Frictionless Capital Management LLC; Diego Perez de Ayala
- Latest Form D
- May 20, 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. 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 Frictionless Capital Fund LP
What is the minimum investment for Frictionless Capital Fund LP?
Frictionless Capital Fund LP's latest Form D, filed May 20, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Frictionless Capital Fund LP?
Frictionless Capital Fund LP 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 Frictionless Capital Fund LP raised?
Frictionless Capital Fund LP reports $12,275,000 sold from 33 investors on its Form D filed May 20, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Frictionless Capital Fund LP based?
Frictionless Capital Fund LP is based in Miami, Florida.
When did Frictionless Capital Fund LP launch?
Frictionless Capital Fund LP reports its first sale in Mar 2023.
Size compared with every private equity fund
Raised more than 79% of the 784 private equity funds based in Florida, and more than 45% of all 8,950 that report sales.