ICON Development, LLC is a private equity fund based in San Juan, Puerto Rico. According to its most recent Form D, filed Oct 31, 2022, it has sold $125,000 of interests to 1 investor since its first sale in Sep 2022. The minimum investment it accepts from an outside investor is $900,000. 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 Olivier Gillier.
- Total raised
- $125,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Sep 28, 2022
- Minimum investment
- $900,000
- 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
- Olivier Gillier
- Latest Form D
- Oct 31, 2022
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 ICON Development, LLC
What is the minimum investment for ICON Development, LLC?
According to its latest Form D, filed Oct 31, 2022, the minimum investment ICON Development, LLC accepts from an outside investor is $900,000.
Who can invest in ICON Development, LLC?
ICON Development, 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 ICON Development, LLC raised?
ICON Development, LLC reports $125,000 sold from 1 investor on its Form D filed Oct 31, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is ICON Development, LLC based?
ICON Development, LLC is based in San Juan, Puerto Rico.
When did ICON Development, LLC launch?
ICON Development, LLC reports its first sale in Sep 2022.
Size compared with every private equity fund
Raised more than 12% of the 162 private equity funds based in Puerto Rico, and more than 5% of all 8,864 that report sales.