AltMountain

iStream I, LLC

Midland, TX · CIK 1877130
Status: no Form D since Aug 2021. 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.

iStream I, LLC is a private equity fund based in Midland, Texas. According to its most recent Form D, filed Aug 16, 2021, it has sold $13,983,000 of interests to 32 investors since its first sale in Jul 2021. The minimum investment it accepts from an outside investor is $63,000. 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 MG DownStream I, LLC; Will Lunsford.

Total raised
$13,983,000Cumulative sales reported on Form D
Investors
32
First sale
Jul 30, 2021
Minimum investment
$63,000
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
MG DownStream I, LLC; Will Lunsford
Latest Form D
Aug 16, 2021

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 iStream I, LLC

What is the minimum investment for iStream I, LLC?

According to its latest Form D, filed Aug 16, 2021, the minimum investment iStream I, LLC accepts from an outside investor is $63,000.

Who can invest in iStream I, LLC?

iStream 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 iStream I, LLC raised?

iStream I, LLC reports $13,983,000 sold from 32 investors on its Form D filed Aug 16, 2021. This is cumulative sales since the offering began, not current assets or performance.

Where is iStream I, LLC based?

iStream I, LLC is based in Midland, Texas.

When did iStream I, LLC launch?

iStream I, LLC reports its first sale in Jul 2021.

Size compared with every private equity fund

Raised more than 70% of the 1,406 private equity funds based in Texas, and more than 47% of all 8,896 that report sales.

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