LC AccelPSP V LLC is a private investment fund based in New York, New York. According to its most recent Form D, filed Nov 21, 2017, it has sold $1,656,716 of interests to 47 investors since its first sale in Feb 2017. 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(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Milind Mehere; YieldStreet Managament LLC; Michael Weisz.
- Total raised
- $1,656,716Cumulative sales reported on Form D
- Investors
- 47
- First sale
- Feb 27, 2017
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Milind Mehere; YieldStreet Managament LLC; Michael Weisz
- Latest Form D
- Nov 21, 2017
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 LC AccelPSP V LLC
What is the minimum investment for LC AccelPSP V LLC?
LC AccelPSP V LLC's latest Form D, filed Nov 21, 2017, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in LC AccelPSP V LLC?
LC AccelPSP V 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(c), so it may advertise, but every investor must be verified as accredited.
How much has LC AccelPSP V LLC raised?
LC AccelPSP V LLC reports $1,656,716 sold from 47 investors on its Form D filed Nov 21, 2017. This is cumulative sales since the offering began, not current assets or performance.
Where is LC AccelPSP V LLC based?
LC AccelPSP V LLC is based in New York, New York.
When did LC AccelPSP V LLC launch?
LC AccelPSP V LLC reports its first sale in Feb 2017.
Size compared with every private investment fund
Raised more than 32% of the 2,834 private investment funds based in New York, and more than 19% of all 10,287 that report sales.