Lemuel Three, LLC
Lemuel Three, LLC is a hedge fund based in New Orleans, Louisiana. According to its most recent Form D, filed Mar 22, 2012, the fund has sold $3,830,000 of interests to 15 investors since its first sale in Jan 2010. 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. Related persons named in the filing include Frank Friedler, III; FreeGulliver, LLC.
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
- $3,830,000Cumulative sales reported on Form D
- Investors
- 15
- First sale
- Jan 1, 2010
- Minimum investment
- $50,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Other exemption
- Net asset value range
- $1 - $5,000,000Self-reported
- Key people and entities
- Frank Friedler, III; FreeGulliver, LLC
- Latest Form D
- Mar 22, 2012
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 Three, LLC
What is the minimum investment for Lemuel Three, LLC?
According to its latest Form D, filed Mar 22, 2012, the minimum investment Lemuel Three, LLC accepts from an outside investor is $50,000.
Who can invest in Lemuel Three, LLC?
Lemuel Three, 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).
How much has Lemuel Three, LLC raised?
Lemuel Three, LLC reports $3,830,000 sold from 15 investors on its Form D filed Mar 22, 2012. This is cumulative sales since the offering began, not current assets or performance.
Where is Lemuel Three, LLC based?
Lemuel Three, LLC is based in New Orleans, Louisiana.
When did Lemuel Three, LLC launch?
Lemuel Three, LLC reports its first sale in Jan 2010.
Size compared with every hedge fund
Raised more than 50% of the 10 hedge funds based in Louisiana, and more than 13% of all 10,129 that report sales.