Fund 5.3
Fund 5.3 is a venture capital fund organized in Cayman Islands and advised by Northern Light Venture Capital. Its adviser reported $11,812,053 in gross assets for the fund on Form ADV, filed Mar 28, 2024. It reported 10 beneficial owners, about 32% of it owned by non-U.S. persons. 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.
- Gross assets
- $11,812,053As reported on Form ADV
- Beneficial owners
- 10
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 owners
- Fund type
- Venture capital fund
- Domicile
- Cayman Islands
- Auditor
- Deloitte Touche Tohmatsu
- Custodian
- Wells Fargo Bank, N.A.; JP Morgan Chase, N.A.; The Hongkong and Shanghai Banking Corporation Limited; Silicon Valley Bank, a Division of First Citizens Bank & Trust Company
- Adviser
- Northern Light Venture Capital · Hong Kong, Hong Kong · CRD 161103
- Reported on
- Mar 28, 2024Adviser's Form ADV
From SEC filings, not verified. This information is republished from the adviser's Form ADV (Schedule D, Section 7.B.(1)) in the SEC's public Form ADV data, which currently runs through filings made by Dec 26, 2024. Figures are as of the adviser's filing and may have changed since. It is not an offer, solicitation or recommendation, AltMountain has not reviewed the fund, and gross assets are not performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Fund 5.3
What is the minimum investment for Fund 5.3?
Its adviser's Form ADV, filed Mar 28, 2024, does not set a minimum investment for Fund 5.3. The offering documents may still require one.
Who can invest in Fund 5.3?
Fund 5.3 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).
How large is Fund 5.3?
Its adviser reported $11,812,053 in gross assets on Form ADV filed Mar 28, 2024. Gross assets include borrowed money and are not the same as net assets or performance.
Who manages Fund 5.3?
Fund 5.3 is advised by Northern Light Venture Capital, based in Hong Kong, Hong Kong.
Who are Fund 5.3's service providers?
Its Form ADV lists Deloitte Touche Tohmatsu as auditor.