MDS 2023-Shale Development, LP
MDS 2023-Shale Development, LP is an energy fund based in Pittsburgh, Pennsylvania. According to its most recent Form D, filed Feb 21, 2024, it has sold $176,263,675 of interests to 1,237 investors since its first sale in Jun 2023. The minimum investment it accepts from an outside investor is $100,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Richard Saadeh; Michael Knapp; MDS Energy Development, LLC.
- Total raised
- $176,263,675Cumulative sales reported on Form D
- Investors
- 1,237
- First sale
- Jun 3, 2023
- Minimum investment
- $100,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Richard Saadeh; Michael Knapp; MDS Energy Development, LLC
- Latest Form D
- Feb 21, 2024
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 2023-Shale Development, LP
What is the minimum investment for MDS 2023-Shale Development, LP?
According to its latest Form D, filed Feb 21, 2024, the minimum investment MDS 2023-Shale Development, LP accepts from an outside investor is $100,000.
Who can invest in MDS 2023-Shale Development, LP?
MDS 2023-Shale Development, LP is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has MDS 2023-Shale Development, LP raised?
MDS 2023-Shale Development, LP reports $176,263,675 sold from 1,237 investors on its Form D filed Feb 21, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is MDS 2023-Shale Development, LP based?
MDS 2023-Shale Development, LP is based in Pittsburgh, Pennsylvania.
When did MDS 2023-Shale Development, LP launch?
MDS 2023-Shale Development, LP reports its first sale in Jun 2023.
Size compared with every energy fund
Raised more than 85% of the 13 energy funds based in Pennsylvania, and more than 96% of all 332 that report sales.
Other programs from MDS Energy Development, LLC
- MDS 2026-Shale Development, LP$120M
- MDS 2025-Shale Development, LP$246M
- MDS 2024-Shale Development, LP$177M
- MDS 2022-Shale Development, LP$217M
- MDS 2021-Marcellus Shale Development, LP$147M
- MDS 2020 - Marcellus Shale Development, LP$59.5M
- MDS 2019-Marcellus Shale Development, LP$68.6M
- MDS 2018-Marcellus Shale Development, LP$66.0M