LIC Sound, LLC
LIC Sound, LLC is a venture capital fund organized in Delaware, United States and advised by Sound Development, LLC. Its adviser reported $73,901,724 in gross assets for the fund on Form ADV, filed Mar 26, 2024. It reported 2 beneficial owners. The minimum investment it accepts is $1,000,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers.
- Gross assets
- $73,901,724As reported on Form ADV
- Beneficial owners
- 2
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7)
- Fund type
- Venture capital fund
- Domicile
- Delaware, United States
- Adviser
- Sound Development, LLC · Santa Monica, CA · CRD 283211
- Reported on
- Mar 26, 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 LIC Sound, LLC
What is the minimum investment for LIC Sound, LLC?
According to its adviser's Form ADV filed Mar 26, 2024, the minimum investment LIC Sound, LLC accepts is $1,000,000.
Who can invest in LIC Sound, LLC?
LIC Sound, LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7).
How large is LIC Sound, LLC?
Its adviser reported $73,901,724 in gross assets on Form ADV filed Mar 26, 2024. Gross assets include borrowed money and are not the same as net assets or performance.
Who manages LIC Sound, LLC?
LIC Sound, LLC is advised by Sound Development, LLC, based in Santa Monica, CA.