HPA 2023 BT Investment, LLC is a venture capital fund based in Darien, Illinois. According to its most recent Form D, filed Aug 15, 2025, it has sold $781,099 of interests to 52 investors since its first sale in Aug 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 Peter Wilkins; Hyde Park Angels, Inc.
- Total raised
- $781,099Cumulative sales reported on Form D
- Investors
- 52
- First sale
- Aug 15, 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
- Peter Wilkins; Hyde Park Angels, Inc
- Latest Form D
- Aug 15, 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 HPA 2023 BT Investment, LLC
What is the minimum investment for HPA 2023 BT Investment, LLC?
HPA 2023 BT Investment, LLC's latest Form D, filed Aug 15, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in HPA 2023 BT Investment, LLC?
HPA 2023 BT Investment, 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 HPA 2023 BT Investment, LLC raised?
HPA 2023 BT Investment, LLC reports $781,099 sold from 52 investors on its Form D filed Aug 15, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is HPA 2023 BT Investment, LLC based?
HPA 2023 BT Investment, LLC is based in Darien, Illinois and is managed by Hyde Park Angels, Inc..
When did HPA 2023 BT Investment, LLC launch?
HPA 2023 BT Investment, LLC reports its first sale in Aug 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 venture capital fund
Raised more than 36% of the 148 venture capital funds based in Illinois, and more than 57% of all 15,160 that report sales.