GrayBul Ronan LP is a real estate fund based in Greenville, South Carolina. According to its most recent Form D, filed Jan 8, 2026, it has sold $16,760,000 of interests to 68 investors since its first sale in Dec 2025. The minimum investment it accepts from an outside investor is $2,000. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Elizabeth Steelman; Buligo Partners, Inc; Buligo LTD.
- Total raised
- $16,760,000Cumulative sales reported on Form D
- Investors
- 68
- First sale
- Dec 22, 2025
- Minimum investment
- $2,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Elizabeth Steelman; Buligo Partners, Inc; Buligo LTD
- Latest Form D
- Jan 8, 2026
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 GrayBul Ronan LP
What is the minimum investment for GrayBul Ronan LP?
According to its latest Form D, filed Jan 8, 2026, the minimum investment GrayBul Ronan LP accepts from an outside investor is $2,000.
Who can invest in GrayBul Ronan LP?
GrayBul Ronan LP is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(b), which does not allow general advertising.
How much has GrayBul Ronan LP raised?
GrayBul Ronan LP reports $16,760,000 sold from 68 investors on its Form D filed Jan 8, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is GrayBul Ronan LP based?
GrayBul Ronan LP is based in Greenville, South Carolina.
When did GrayBul Ronan LP launch?
GrayBul Ronan LP reports its first sale in Dec 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every real estate fund
Raised more than 93% of the 120 real estate funds based in South Carolina, and more than 85% of all 7,337 that report sales.