Magnetic 21 LLC
Magnetic 21 LLC is a private investment fund based in Corte Madera, California. According to its most recent Form D, filed Nov 8, 2021, it has sold $2,388,000 of interests to 18 investors since its first sale in Oct 2021. The minimum investment it accepts from an outside investor is $1,000. 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 Laurence Albukerk; Magnetic Ventures LLC.
- Total raised
- $2,388,000Cumulative sales reported on Form D
- Investors
- 18
- First sale
- Oct 27, 2021
- Minimum investment
- $1,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Laurence Albukerk; Magnetic Ventures LLC
- Latest Form D
- Nov 8, 2021
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 Magnetic 21 LLC
What is the minimum investment for Magnetic 21 LLC?
According to its latest Form D, filed Nov 8, 2021, the minimum investment Magnetic 21 LLC accepts from an outside investor is $1,000.
Who can invest in Magnetic 21 LLC?
Magnetic 21 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 Magnetic 21 LLC raised?
Magnetic 21 LLC reports $2,388,000 sold from 18 investors on its Form D filed Nov 8, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Magnetic 21 LLC based?
Magnetic 21 LLC is based in Corte Madera, California.
When did Magnetic 21 LLC launch?
Magnetic 21 LLC reports its first sale in Oct 2021.
Size compared with every private investment fund
Raised more than 43% of the 1,720 private investment funds based in California, and more than 23% of all 10,311 that report sales.