HD Paper, LLC is a real estate fund based in Chapel Hill, North Carolina. According to its most recent Form D, filed Mar 11, 2025, it has sold $3,670,000 of interests to 19 investors since its first sale in Feb 2025. The minimum investment it accepts from an outside investor is $100,000. 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 Dilweg Capital, LLC; Mandy Scarborough; Anthony Dilweg.
- Total raised
- $3,670,000Cumulative sales reported on Form D
- Investors
- 19
- First sale
- Feb 27, 2025
- Minimum investment
- $100,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Dilweg Capital, LLC; Mandy Scarborough; Anthony Dilweg
- Latest Form D
- Mar 11, 2025
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 HD Paper, LLC
What is the minimum investment for HD Paper, LLC?
According to its latest Form D, filed Mar 11, 2025, the minimum investment HD Paper, LLC accepts from an outside investor is $100,000.
Who can invest in HD Paper, LLC?
HD Paper, LLC 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 HD Paper, LLC raised?
HD Paper, LLC reports $3,670,000 sold from 19 investors on its Form D filed Mar 11, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is HD Paper, LLC based?
HD Paper, LLC is based in Chapel Hill, North Carolina.
When did HD Paper, LLC launch?
HD Paper, LLC reports its first sale in Feb 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 71% of the 294 real estate funds based in North Carolina, and more than 59% of all 7,321 that report sales.