FS Communities LLC
FS Communities LLC is a hedge fund based in San Mateo, California. According to its most recent Form D, filed Mar 5, 2015, the fund has sold $23,692,500 of interests to 7 investors since its first sale in Jun 2014. The minimum investment it accepts from an outside investor is $1,000,000. 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 FS Investment Management L.P; Nicholas Stone; Fsim GP LLC.
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
- $23,692,500Cumulative sales reported on Form D
- Investors
- 7
- First sale
- Jun 23, 2014
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- FS Investment Management L.P; Nicholas Stone; Fsim GP LLC
- Latest Form D
- Mar 5, 2015
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 FS Communities LLC
What is the minimum investment for FS Communities LLC?
According to its latest Form D, filed Mar 5, 2015, the minimum investment FS Communities LLC accepts from an outside investor is $1,000,000.
Who can invest in FS Communities LLC?
FS Communities 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 FS Communities LLC raised?
FS Communities LLC reports $23,692,500 sold from 7 investors on its Form D filed Mar 5, 2015. This is cumulative sales since the offering began, not current assets or performance.
Where is FS Communities LLC based?
FS Communities LLC is based in San Mateo, California.
When did FS Communities LLC launch?
FS Communities LLC reports its first sale in Jun 2014.
Size compared with every hedge fund
Raised more than 46% of the 1,048 hedge funds based in California, and more than 32% of all 10,102 that report sales.