LLCap Project Benefit, LP is a private investment fund based in Chicago, Illinois. According to its most recent Form D, filed Oct 27, 2025, it has sold $12,000,000 of interests to 2 investors since its first sale in Oct 2025. The filing does not set a minimum investment. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Auveek Basu; Merrick Axel.
- Total raised
- $12,000,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Oct 14, 2025
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Auveek Basu; Merrick Axel
- Latest Form D
- Oct 27, 2025
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 LLCap Project Benefit, LP
What is the minimum investment for LLCap Project Benefit, LP?
LLCap Project Benefit, LP's latest Form D, filed Oct 27, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in LLCap Project Benefit, LP?
LLCap Project Benefit, LP 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 LLCap Project Benefit, LP raised?
LLCap Project Benefit, LP reports $12,000,000 sold from 2 investors on its Form D filed Oct 27, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is LLCap Project Benefit, LP based?
LLCap Project Benefit, LP is based in Chicago, Illinois.
When did LLCap Project Benefit, LP launch?
LLCap Project Benefit, LP reports its first sale in Oct 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every private investment fund
Raised more than 43% of the 553 private investment funds based in Illinois, and more than 44% of all 10,266 that report sales.