Magellan I, LP is a venture capital fund based in Princeton, New Jersey. According to its most recent Form D, filed Aug 7, 2026, it has sold $2,725,000 of interests to 7 investors since its first sale in Aug 2026. The minimum investment it accepts from an outside investor is $25,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Gregory Dorman; Magellan I GP, LLC.
- Total raised
- $2,725,000Cumulative sales reported on Form D
- Investors
- 7
- First sale
- Aug 5, 2026
- Minimum investment
- $25,000
- 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
- Gregory Dorman; Magellan I GP, LLC
- Latest Form D
- Aug 7, 2026
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 Magellan I, LP
What is the minimum investment for Magellan I, LP?
According to its latest Form D, filed Aug 7, 2026, the minimum investment Magellan I, LP accepts from an outside investor is $25,000.
Who can invest in Magellan I, LP?
Magellan I, LP 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 Magellan I, LP raised?
Magellan I, LP reports $2,725,000 sold from 7 investors on its Form D filed Aug 7, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Magellan I, LP based?
Magellan I, LP is based in Princeton, New Jersey.
When did Magellan I, LP launch?
Magellan I, LP reports its first sale in Aug 2026, 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 venture capital fund
Raised more than 63% of the 87 venture capital funds based in New Jersey, and more than 75% of all 15,160 that report sales.