LIT Multi Manager VC Fund LLC is a venture capital fund based in New York, New York. According to its most recent Form D, filed Aug 9, 2023, it has sold $750,000 of interests to 4 investors since its first sale in Aug 2022. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Matthew Malone.
- Total raised
- $750,000Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Aug 1, 2022
- Minimum investment
- $100,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Matthew Malone
- Latest Form D
- Aug 9, 2023
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 LIT Multi Manager VC Fund LLC
What is the minimum investment for LIT Multi Manager VC Fund LLC?
According to its latest Form D, filed Aug 9, 2023, the minimum investment LIT Multi Manager VC Fund LLC accepts from an outside investor is $100,000.
Who can invest in LIT Multi Manager VC Fund LLC?
LIT Multi Manager VC Fund 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). It uses Rule 506(b), which does not allow general advertising.
How much has LIT Multi Manager VC Fund LLC raised?
LIT Multi Manager VC Fund LLC reports $750,000 sold from 4 investors on its Form D filed Aug 9, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is LIT Multi Manager VC Fund LLC based?
LIT Multi Manager VC Fund LLC is based in New York, New York.
When did LIT Multi Manager VC Fund LLC launch?
LIT Multi Manager VC Fund LLC reports its first sale in Aug 2022.
Size compared with every venture capital fund
Raised more than 46% of the 1,237 venture capital funds based in New York, and more than 56% of all 14,875 that report sales.