LFC Novus LTD
LFC Novus LTD is a private equity fund organized in Texas, United States and advised by LEE Financial Company, LLC. Its adviser reported $204,769 in gross assets for the fund on Form ADV, filed Apr 16, 2024. It reported 35 beneficial owners. The minimum investment it accepts is $50,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. It invests in other private funds (a fund of funds).
- Gross assets
- $204,769As reported on Form ADV
- Beneficial owners
- 35
- Minimum investment
- $50,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 owners
- Fund type
- Private equity fund
- Domicile
- Texas, United States
- Auditor
- Whitley Penn
- Custodian
- National Advisors Trust Company, Fsb
- Adviser
- LEE Financial Company, LLC · Dallas, TX · CRD 105910
- Reported on
- Apr 16, 2024Adviser's Form ADV
From SEC filings, not verified. This information is republished from the adviser's Form ADV (Schedule D, Section 7.B.(1)) in the SEC's public Form ADV data, which currently runs through filings made by Dec 26, 2024. Figures are as of the adviser's filing and may have changed since. It is not an offer, solicitation or recommendation, AltMountain has not reviewed the fund, and gross assets are not performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about LFC Novus LTD
What is the minimum investment for LFC Novus LTD?
According to its adviser's Form ADV filed Apr 16, 2024, the minimum investment LFC Novus LTD accepts is $50,000.
Who can invest in LFC Novus LTD?
LFC Novus LTD 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 large is LFC Novus LTD?
Its adviser reported $204,769 in gross assets on Form ADV filed Apr 16, 2024. Gross assets include borrowed money and are not the same as net assets or performance.
Who manages LFC Novus LTD?
LFC Novus LTD is advised by LEE Financial Company, LLC, based in Dallas, TX.
Who are LFC Novus LTD's service providers?
Its Form ADV lists Whitley Penn as auditor.