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MDS 2022-Shale Development, LP

Pittsburgh, PA · CIK 1923693 · Sponsor: MDS Energy Development, LLC
Status: no Form D since Jan 2023. Funds file a Form D when they begin selling and amend it each year while the offering continues, so this fund has most likely stopped raising money. It may still be investing, or it may have closed or been dissolved. The details below are from its latest filing, kept here as a record.

MDS 2022-Shale Development, LP is an energy fund based in Pittsburgh, Pennsylvania. According to its most recent Form D, filed Jan 17, 2023, it has sold $217,493,542 of interests to 1,583 investors since its first sale in Jun 2022. The minimum investment it accepts from an outside investor is $50,000. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Richard Saadeh; Randall Morris; Heather Laney.

Total raised
$217,493,542Cumulative sales reported on Form D
Investors
1,583
First sale
Jun 30, 2022
Minimum investment
$50,000
Who can invest
Not stated
Offering exemption
Rule 506(b)No general advertising
Key people and entities
Richard Saadeh; Randall Morris; Heather Laney
Latest Form D
Jan 17, 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 MDS 2022-Shale Development, LP

What is the minimum investment for MDS 2022-Shale Development, LP?

According to its latest Form D, filed Jan 17, 2023, the minimum investment MDS 2022-Shale Development, LP accepts from an outside investor is $50,000.

Who can invest in MDS 2022-Shale Development, LP?

MDS 2022-Shale Development, LP is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(b), which does not allow general advertising.

How much has MDS 2022-Shale Development, LP raised?

MDS 2022-Shale Development, LP reports $217,493,542 sold from 1,583 investors on its Form D filed Jan 17, 2023. This is cumulative sales since the offering began, not current assets or performance.

Where is MDS 2022-Shale Development, LP based?

MDS 2022-Shale Development, LP is based in Pittsburgh, Pennsylvania.

When did MDS 2022-Shale Development, LP launch?

MDS 2022-Shale Development, LP reports its first sale in Jun 2022.

Size compared with every energy fund

Raised more than 92% of the 13 energy funds based in Pennsylvania, and more than 96% of all 334 that report sales.

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