Helmsman Member, LLC is a private equity fund based in Bethesda, Maryland. According to its most recent Form D, filed Oct 27, 2025, it has sold $26,900,000 of interests to 32 investors since its first sale in Sep 2025. 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. 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 Steven Bell; Helmsman Manager LLC; Stephen Jones.
- Total raised
- $26,900,000Cumulative sales reported on Form D
- Investors
- 32
- First sale
- Sep 9, 2025
- Minimum investment
- None set
- 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
- Steven Bell; Helmsman Manager LLC; Stephen Jones
- Latest Form D
- Oct 27, 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 Helmsman Member, LLC
What is the minimum investment for Helmsman Member, LLC?
Helmsman Member, LLC's latest Form D, filed Oct 27, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Helmsman Member, LLC?
Helmsman Member, 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 Helmsman Member, LLC raised?
Helmsman Member, LLC reports $26,900,000 sold from 32 investors on its Form D filed Oct 27, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Helmsman Member, LLC based?
Helmsman Member, LLC is based in Bethesda, Maryland.
When did Helmsman Member, LLC launch?
Helmsman Member, LLC reports its first sale in Sep 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 private equity fund
Raised more than 71% of the 162 private equity funds based in Maryland, and more than 56% of all 9,159 that report sales.
More private equity funds in Bethesda
Similar-size private equity funds in Maryland
- Brown Advisory Investors 2026 - AI GPE XI, LLLP$25.5M
- Brown Advisory Investors 2026 - VC Feeder Fund - AI 2, LLLP$29.9M
- Brown Advisory Private Equity Partners 14 (Q), LLLP$24.0M
- Brown Advisory Real Estate Partners 5 (B), LLLP$30.8M
- Brown Advisory Private Income Partners 5, LLLP$23.4M
- TNS Splitter II, LLC$31.9M