AltMountain

Innovative Brownstone Development Fund LP

Brooklyn, NY · CIK 1833488 · Sponsor: Saffayeh Development LLC
Status: no Form D since Jan 2023. Funds file a Form D when they begin selling and amend it each year while the offering continues, so this fund has most likely stopped raising money. It may still be investing, or it may have closed or been dissolved. The details below are from its latest filing, kept here as a record.

Innovative Brownstone Development Fund LP is a private investment fund based in Brooklyn, New York. According to its most recent Form D, filed Jan 19, 2023, it has sold $3,888,862 of interests since its first sale in Jan 2021. The filing does not set a minimum investment. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Grsaf1 LLC; Saffayeh Development LLC; Gabriel Saffayeh.

Total raised
$3,888,862Cumulative sales reported on Form D
Investors
0
First sale
Jan 4, 2021
Minimum investment
None set
Who can invest
Not stated
Offering exemption
Rule 506(b)No general advertising
Key people and entities
Grsaf1 LLC; Saffayeh Development LLC; Gabriel Saffayeh
Latest Form D
Jan 19, 2023

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 Innovative Brownstone Development Fund LP

What is the minimum investment for Innovative Brownstone Development Fund LP?

Innovative Brownstone Development Fund LP's latest Form D, filed Jan 19, 2023, does not set a minimum investment. Managers can still require one in the offering documents.

Who can invest in Innovative Brownstone Development Fund LP?

Innovative Brownstone Development Fund LP is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(b), which does not allow general advertising.

How much has Innovative Brownstone Development Fund LP raised?

Innovative Brownstone Development Fund LP reports $3,888,862 sold on its Form D filed Jan 19, 2023. This is cumulative sales since the offering began, not current assets or performance.

Where is Innovative Brownstone Development Fund LP based?

Innovative Brownstone Development Fund LP is based in Brooklyn, New York.

When did Innovative Brownstone Development Fund LP launch?

Innovative Brownstone Development Fund LP reports its first sale in Jan 2021.

Size compared with every private investment fund

Raised more than 38% of the 2,823 private investment funds based in New York, and more than 28% of all 10,266 that report sales.

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