Magnolia Software Group LLC is a private investment fund based in Brampton, Ontario, Canada. According to its most recent Form D, filed Jun 29, 2023, it has sold $820,000 of interests to 12 investors since its first sale in Jun 2023. The minimum investment it accepts from an outside investor is $20,500. 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. Related persons named in the filing include Sumeet Rehal; Will Zhao.
- Total raised
- $820,000Cumulative sales reported on Form D
- Investors
- 12
- First sale
- Jun 20, 2023
- Minimum investment
- $20,500
- 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
- Sumeet Rehal; Will Zhao
- Latest Form D
- Jun 29, 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 Magnolia Software Group LLC
What is the minimum investment for Magnolia Software Group LLC?
According to its latest Form D, filed Jun 29, 2023, the minimum investment Magnolia Software Group LLC accepts from an outside investor is $20,500.
Who can invest in Magnolia Software Group LLC?
Magnolia Software Group LLC 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 Magnolia Software Group LLC raised?
Magnolia Software Group LLC reports $820,000 sold from 12 investors on its Form D filed Jun 29, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Magnolia Software Group LLC based?
Magnolia Software Group LLC is based in Brampton, Ontario, Canada.
When did Magnolia Software Group LLC launch?
Magnolia Software Group LLC reports its first sale in Jun 2023.
Size compared with every private investment fund
Raised more than 33% of the 64 private investment funds based in Ontario, Canada, and more than 12% of all 10,270 that report sales.