Lemuel X, LLC
Lemuel X, LLC is a private equity fund based in New Orleans, Louisiana. According to its most recent Form D, filed Nov 18, 2019, it has sold $2,150,000 of interests to 16 investors since its first sale in Jun 2019. 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, III.
- Total raised
- $2,150,000Cumulative sales reported on Form D
- Investors
- 16
- First sale
- Jun 10, 2019
- 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
- Key people and entities
- Randy Fertel; Frank Friedler, III
- Latest Form D
- Nov 18, 2019
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 Lemuel X, LLC
What is the minimum investment for Lemuel X, LLC?
According to its latest Form D, filed Nov 18, 2019, the minimum investment Lemuel X, LLC accepts from an outside investor is $50,000.
Who can invest in Lemuel X, LLC?
Lemuel X, 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 X, LLC raised?
Lemuel X, LLC reports $2,150,000 sold from 16 investors on its Form D filed Nov 18, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is Lemuel X, LLC based?
Lemuel X, LLC is based in New Orleans, Louisiana.
When did Lemuel X, LLC launch?
Lemuel X, LLC reports its first sale in Jun 2019.
Size compared with every private equity fund
Raised more than 33% of the 9 private equity funds based in Louisiana, and more than 27% of all 8,896 that report sales.