AltMountain

Lake Funds, LLC

Fort Lauderdale, FL · CIK 1881863
Status: no Form D since Sep 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.

Lake Funds, LLC is a private equity fund based in Fort Lauderdale, Florida. According to its most recent Form D, filed Sep 13, 2021, it has sold $5,000,000 of interests to 3 investors since its first sale in Aug 2021. The minimum investment it accepts from an outside investor is $500,000. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include James LaBate.

Total raised
$5,000,000Cumulative sales reported on Form D
Investors
3
First sale
Aug 30, 2021
Minimum investment
$500,000
Who can invest
Not stated
Offering exemption
Rule 506(b)No general advertising
Key people and entities
James LaBate
Latest Form D
Sep 13, 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 Lake Funds, LLC

What is the minimum investment for Lake Funds, LLC?

According to its latest Form D, filed Sep 13, 2021, the minimum investment Lake Funds, LLC accepts from an outside investor is $500,000.

Who can invest in Lake Funds, LLC?

Lake Funds, LLC 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 Lake Funds, LLC raised?

Lake Funds, LLC reports $5,000,000 sold from 3 investors on its Form D filed Sep 13, 2021. This is cumulative sales since the offering began, not current assets or performance.

Where is Lake Funds, LLC based?

Lake Funds, LLC is based in Fort Lauderdale, Florida.

When did Lake Funds, LLC launch?

Lake Funds, LLC reports its first sale in Aug 2021.

Size compared with every private equity fund

Raised more than 68% of the 782 private equity funds based in Florida, and more than 34% of all 8,896 that report sales.

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