IDL-Ignition I LLC is a private investment fund based in Chicago, Illinois. According to its most recent Form D, filed Oct 24, 2022, it has sold $469,500 of interests to 1 investor since its first sale in May 2022. The minimum investment it accepts from an outside investor is $250,000. 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 Richard Thoms; null IDL-IGNITION GP LLC; LLC Assure Fund Management II.
- Total raised
- $469,500Cumulative sales reported on Form D
- Investors
- 1
- First sale
- May 5, 2022
- Minimum investment
- $250,000
- 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
- Richard Thoms; null IDL-IGNITION GP LLC; LLC Assure Fund Management II
- Latest Form D
- Oct 24, 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 IDL-Ignition I LLC
What is the minimum investment for IDL-Ignition I LLC?
According to its latest Form D, filed Oct 24, 2022, the minimum investment IDL-Ignition I LLC accepts from an outside investor is $250,000.
Who can invest in IDL-Ignition I LLC?
IDL-Ignition I 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 IDL-Ignition I LLC raised?
IDL-Ignition I LLC reports $469,500 sold from 1 investor on its Form D filed Oct 24, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is IDL-Ignition I LLC based?
IDL-Ignition I LLC is based in Chicago, Illinois.
When did IDL-Ignition I LLC launch?
IDL-Ignition I LLC reports its first sale in May 2022.
Size compared with every private investment fund
Raised more than 25% of the 553 private investment funds based in Illinois, and more than 8% of all 10,270 that report sales.