HGI US Property Fund IX, LLC is a private equity fund based in Norfolk, Virginia. According to its most recent Form D, filed Mar 30, 2016, it has sold $16,220,000 of interests to 100 investors since its first sale in Jan 2016. The minimum investment it accepts from an outside investor is $75,000. 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 Pinchas Mendlovic; Managing Co., LLC HGI US Property Fund IX; Carla Stoner.
- Total raised
- $16,220,000Cumulative sales reported on Form D
- Investors
- 100
- First sale
- Jan 8, 2016
- Minimum investment
- $75,000
- 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
- Pinchas Mendlovic; Managing Co., LLC HGI US Property Fund IX; Carla Stoner
- Latest Form D
- Mar 30, 2016
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 HGI US Property Fund IX, LLC
What is the minimum investment for HGI US Property Fund IX, LLC?
According to its latest Form D, filed Mar 30, 2016, the minimum investment HGI US Property Fund IX, LLC accepts from an outside investor is $75,000.
Who can invest in HGI US Property Fund IX, LLC?
HGI US Property Fund IX, 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 HGI US Property Fund IX, LLC raised?
HGI US Property Fund IX, LLC reports $16,220,000 sold from 100 investors on its Form D filed Mar 30, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is HGI US Property Fund IX, LLC based?
HGI US Property Fund IX, LLC is based in Norfolk, Virginia.
When did HGI US Property Fund IX, LLC launch?
HGI US Property Fund IX, LLC reports its first sale in Jan 2016.
Size compared with every private equity fund
Raised more than 82% of the 205 private equity funds based in Virginia, and more than 49% of all 8,950 that report sales.