Legend Ventures Fund 1, LLC is a private equity fund based in New York, New York. According to its most recent Form D, filed May 12, 2022, it has sold $11,500,000 of interests to 99 investors since its first sale in Feb 2022. The minimum investment it accepts from an outside investor is $19,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Steven Lacaj; Legend Venture Partners LLC.
- Total raised
- $11,500,000Cumulative sales reported on Form D
- Investors
- 99
- First sale
- Feb 28, 2022
- Minimum investment
- $19,000
- 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
- Steven Lacaj; Legend Venture Partners LLC
- Latest Form D
- May 12, 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 Legend Ventures Fund 1, LLC
What is the minimum investment for Legend Ventures Fund 1, LLC?
According to its latest Form D, filed May 12, 2022, the minimum investment Legend Ventures Fund 1, LLC accepts from an outside investor is $19,000.
Who can invest in Legend Ventures Fund 1, LLC?
Legend Ventures Fund 1, 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 Legend Ventures Fund 1, LLC raised?
Legend Ventures Fund 1, LLC reports $11,500,000 sold from 99 investors on its Form D filed May 12, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Legend Ventures Fund 1, LLC based?
Legend Ventures Fund 1, LLC is based in New York, New York.
When did Legend Ventures Fund 1, LLC launch?
Legend Ventures Fund 1, LLC reports its first sale in Feb 2022.
Size compared with every private equity fund
Raised more than 59% of the 3,669 private equity funds based in New York, and more than 45% of all 8,950 that report sales.