Lemuel XI, LLC
Lemuel XI, LLC is a private equity fund based in New Orleans, Louisiana. According to its most recent Form D, filed Jan 19, 2021, it has sold $2,575,000 of interests to 22 investors since its first sale in Aug 2020. 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
- $2,575,000Cumulative sales reported on Form D
- Investors
- 22
- First sale
- Aug 19, 2020
- 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
- Jan 19, 2021
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 XI, LLC
What is the minimum investment for Lemuel XI, LLC?
According to its latest Form D, filed Jan 19, 2021, the minimum investment Lemuel XI, LLC accepts from an outside investor is $50,000.
Who can invest in Lemuel XI, LLC?
Lemuel XI, 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 XI, LLC raised?
Lemuel XI, LLC reports $2,575,000 sold from 22 investors on its Form D filed Jan 19, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Lemuel XI, LLC based?
Lemuel XI, LLC is based in New Orleans, Louisiana.
When did Lemuel XI, LLC launch?
Lemuel XI, LLC reports its first sale in Aug 2020.
Size compared with every private equity fund
Raised more than 33% of the 9 private equity funds based in Louisiana, and more than 28% of all 8,889 that report sales.