Magnetite XXIX, Ltd is a private investment fund based in George Town, Grand Cayman, Cayman Islands. According to its most recent Form D, filed Mar 30, 2021, it has sold $576,000 of interests to 6 investors since its first sale in Mar 2021. The minimum investment it accepts from an outside investor is $25,000. 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 none] BlackRock Financial Management, Inc; Dianne Farjallah; Kirstie Krypner.
- Total raised
- $576,000Cumulative sales reported on Form D
- Investors
- 6
- First sale
- Mar 18, 2021
- Minimum investment
- $25,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- none] BlackRock Financial Management, Inc; Dianne Farjallah; Kirstie Krypner
- Latest Form D
- Mar 30, 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 Magnetite XXIX, Ltd
What is the minimum investment for Magnetite XXIX, Ltd?
According to its latest Form D, filed Mar 30, 2021, the minimum investment Magnetite XXIX, Ltd accepts from an outside investor is $25,000.
Who can invest in Magnetite XXIX, Ltd?
Magnetite XXIX, Ltd 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 Magnetite XXIX, Ltd raised?
Magnetite XXIX, Ltd reports $576,000 sold from 6 investors on its Form D filed Mar 30, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Magnetite XXIX, Ltd based?
Magnetite XXIX, Ltd is based in George Town, Grand Cayman, Cayman Islands.
When did Magnetite XXIX, Ltd launch?
Magnetite XXIX, Ltd reports its first sale in Mar 2021.
Size compared with every private investment fund
Raised more than 26% of the 577 private investment funds based in Cayman Islands, and more than 10% of all 10,287 that report sales.