New Industry Fund I, L.P. is a venture capital fund based in Evanston, Illinois. According to its most recent Form D, filed Oct 21, 2026, it has sold $671,650 of interests to 16 investors since its first sale in Oct 2025. The filing does not set a minimum investment. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include New Industry GP I, LLC; Patrick Hunt; Alexander Roy.
- Total raised
- $671,650Cumulative sales reported on Form D
- Investors
- 16
- First sale
- Oct 29, 2025
- Minimum investment
- None set
- 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
- New Industry GP I, LLC; Patrick Hunt; Alexander Roy
- Latest Form D
- Oct 21, 2026
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 New Industry Fund I, L.P.
What is the minimum investment for New Industry Fund I, L.P.?
New Industry Fund I, L.P.'s latest Form D, filed Oct 21, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in New Industry Fund I, L.P.?
New Industry Fund I, L.P. 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 New Industry Fund I, L.P. raised?
New Industry Fund I, L.P. reports $671,650 sold from 16 investors on its Form D filed Oct 21, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is New Industry Fund I, L.P. based?
New Industry Fund I, L.P. is based in Evanston, Illinois.
When did New Industry Fund I, L.P. launch?
New Industry Fund I, L.P. reports its first sale in Oct 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every venture capital fund
Raised more than 32% of the 148 venture capital funds based in Illinois, and more than 54% of all 15,160 that report sales.