Innovative Development Funds LLC - BevCo is a private investment fund based in Somers, New York. According to its most recent Form D, filed Apr 9, 2026, it has sold $11,800,000 of interests since its first sale in Oct 2024. The minimum investment it accepts from an outside investor is $100,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Innovative Development Funds LLC; Nicholas Mancini.
- Total raised
- $11,800,000Cumulative sales reported on Form D
- Investors
- 0
- First sale
- Oct 1, 2024
- Minimum investment
- $100,000
- 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
- Innovative Development Funds LLC; Nicholas Mancini
- Latest Form D
- Apr 9, 2026
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 Development Funds LLC - BevCo
What is the minimum investment for Innovative Development Funds LLC - BevCo?
According to its latest Form D, filed Apr 9, 2026, the minimum investment Innovative Development Funds LLC - BevCo accepts from an outside investor is $100,000.
Who can invest in Innovative Development Funds LLC - BevCo?
Innovative Development Funds LLC - BevCo 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 Innovative Development Funds LLC - BevCo raised?
Innovative Development Funds LLC - BevCo reports $11,800,000 sold on its Form D filed Apr 9, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Innovative Development Funds LLC - BevCo based?
Innovative Development Funds LLC - BevCo is based in Somers, New York.
When did Innovative Development Funds LLC - BevCo launch?
Innovative Development Funds LLC - BevCo reports its first sale in Oct 2024, 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 private investment fund
Raised more than 49% of the 2,847 private investment funds based in New York, and more than 44% of all 10,333 that report sales.