JLS Fund 1 LP is a venture capital fund based in New York, New York. According to its most recent Form D, filed Mar 17, 2022, it has sold $5,261,778 of interests to 24 investors since its first sale in Mar 2021. 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 Lindsay Hoover; Simeon Schnapper; JLS Fund 1 GP LLC.
- Total raised
- $5,261,778Cumulative sales reported on Form D
- Investors
- 24
- First sale
- Mar 24, 2021
- 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
- Lindsay Hoover; Simeon Schnapper; JLS Fund 1 GP LLC
- Latest Form D
- Mar 17, 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 JLS Fund 1 LP
What is the minimum investment for JLS Fund 1 LP?
According to its latest Form D, filed Mar 17, 2022, the minimum investment JLS Fund 1 LP accepts from an outside investor is $250,000.
Who can invest in JLS Fund 1 LP?
JLS Fund 1 LP 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 JLS Fund 1 LP raised?
JLS Fund 1 LP reports $5,261,778 sold from 24 investors on its Form D filed Mar 17, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is JLS Fund 1 LP based?
JLS Fund 1 LP is based in New York, New York.
When did JLS Fund 1 LP launch?
JLS Fund 1 LP reports its first sale in Mar 2021.
Size compared with every venture capital fund
Raised more than 69% of the 1,235 venture capital funds based in New York, and more than 82% of all 14,829 that report sales.