L.E.S. Fund I LP is a private equity fund based in Miami Beach, Florida. According to its most recent Form D, filed Feb 4, 2025, it has sold $2,850,000 of interests to 16 investors since its first sale in Sep 2023. The filing does not set a minimum investment. 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 Scott Steinman; L.E.S. Fund I GP LLC.
- Total raised
- $2,850,000Cumulative sales reported on Form D
- Investors
- 16
- First sale
- Sep 19, 2023
- Minimum investment
- None set
- 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
- Scott Steinman; L.E.S. Fund I GP LLC
- Latest Form D
- Feb 4, 2025
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 L.E.S. Fund I LP
What is the minimum investment for L.E.S. Fund I LP?
L.E.S. Fund I LP's latest Form D, filed Feb 4, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in L.E.S. Fund I LP?
L.E.S. Fund I 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 L.E.S. Fund I LP raised?
L.E.S. Fund I LP reports $2,850,000 sold from 16 investors on its Form D filed Feb 4, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is L.E.S. Fund I LP based?
L.E.S. Fund I LP is based in Miami Beach, Florida.
When did L.E.S. Fund I LP launch?
L.E.S. Fund I LP reports its first sale in Sep 2023, 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 equity fund
Raised more than 62% of the 818 private equity funds based in Florida, and more than 29% of all 9,142 that report sales.