Lemuel IX, LLC
Lemuel IX, LLC is a hedge fund based in New Orleans, Louisiana. According to its most recent Form D, filed Mar 17, 2017, the fund has sold $500,000 of interests to 5 investors since its first sale in Dec 2016. The minimum investment it accepts from an outside investor is $50,000. 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 Randy Fertel; Frank Friedler.
Performance
No returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $500,000Cumulative sales reported on Form D
- Investors
- 5
- First sale
- Dec 1, 2016
- Minimum investment
- $50,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Net asset value range
- $1 - $5,000,000Self-reported
- Key people and entities
- Randy Fertel; Frank Friedler
- Latest Form D
- Mar 17, 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. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Lemuel IX, LLC
What is the minimum investment for Lemuel IX, LLC?
According to its latest Form D, filed Mar 17, 2017, the minimum investment Lemuel IX, LLC accepts from an outside investor is $50,000.
Who can invest in Lemuel IX, LLC?
Lemuel IX, 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(b), which does not allow general advertising.
How much has Lemuel IX, LLC raised?
Lemuel IX, LLC reports $500,000 sold from 5 investors on its Form D filed Mar 17, 2017. This is cumulative sales since the offering began, not current assets or performance.
Where is Lemuel IX, LLC based?
Lemuel IX, LLC is based in New Orleans, Louisiana.
When did Lemuel IX, LLC launch?
Lemuel IX, LLC reports its first sale in Dec 2016.
Size compared with every hedge fund
Raised more than 30% of the 10 hedge funds based in Louisiana, and more than 3% of all 10,129 that report sales.