Granite Debt Fund LLC
Granite Debt Fund LLC is a private equity fund based in St Cloud, Minnesota. According to its most recent Form D, filed Nov 12, 2020, it has sold $27,000,000 of interests to 9 investors since its first sale in Oct 2020. The minimum investment it accepts from an outside investor is $130,000. 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. Related persons named in the filing include Paul Cameron; Richard Bauerly; Dennis Gregory.
- Total raised
- $27,000,000Cumulative sales reported on Form D
- Investors
- 9
- First sale
- Oct 28, 2020
- Minimum investment
- $130,000
- 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
- Paul Cameron; Richard Bauerly; Dennis Gregory
- Latest Form D
- Nov 12, 2020
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 Granite Debt Fund LLC
What is the minimum investment for Granite Debt Fund LLC?
According to its latest Form D, filed Nov 12, 2020, the minimum investment Granite Debt Fund LLC accepts from an outside investor is $130,000.
Who can invest in Granite Debt Fund LLC?
Granite Debt Fund 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 Granite Debt Fund LLC raised?
Granite Debt Fund LLC reports $27,000,000 sold from 9 investors on its Form D filed Nov 12, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is Granite Debt Fund LLC based?
Granite Debt Fund LLC is based in St Cloud, Minnesota.
When did Granite Debt Fund LLC launch?
Granite Debt Fund LLC reports its first sale in Oct 2020.
Size compared with every private equity fund
Raised more than 49% of the 59 private equity funds based in Minnesota, and more than 56% of all 8,950 that report sales.