Nexten LP is a private equity fund based in Houston, Texas. According to its most recent Form D, filed Jan 23, 2023, it has sold $33,700,000 of interests to 18 investors since its first sale in Dec 2022. The minimum investment it accepts from an outside investor is $100,000. 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 Todd Scruggs; Nexten GP LLC; Jeffrey Tillery.
- Total raised
- $33,700,000Cumulative sales reported on Form D
- Investors
- 18
- First sale
- Dec 29, 2022
- Minimum investment
- $100,000
- 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
- Todd Scruggs; Nexten GP LLC; Jeffrey Tillery
- Latest Form D
- Jan 23, 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 Nexten LP
What is the minimum investment for Nexten LP?
According to its latest Form D, filed Jan 23, 2023, the minimum investment Nexten LP accepts from an outside investor is $100,000.
Who can invest in Nexten LP?
Nexten LP 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 Nexten LP raised?
Nexten LP reports $33,700,000 sold from 18 investors on its Form D filed Jan 23, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Nexten LP based?
Nexten LP is based in Houston, Texas.
When did Nexten LP launch?
Nexten LP reports its first sale in Dec 2022.
Size compared with every private equity fund
Raised more than 77% of the 1,407 private equity funds based in Texas, and more than 58% of all 8,864 that report sales.