NextGen Opternative LLC is a venture capital fund based in Baltimore. According to its most recent Form D, filed Sep 16, 2024, it has sold $247,500 of interests to 16 investors since its first sale in Sep 2020. 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. Related persons named in the filing include NextGen Venture Partners, LLC; Michael Hankin; William White.
- Total raised
- $247,500Cumulative sales reported on Form D
- Investors
- 16
- First sale
- Sep 2, 2020
- 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
- NextGen Venture Partners, LLC; Michael Hankin; William White
- Latest Form D
- Sep 16, 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 NextGen Opternative LLC
What is the minimum investment for NextGen Opternative LLC?
NextGen Opternative LLC's latest Form D, filed Sep 16, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in NextGen Opternative LLC?
NextGen Opternative 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 NextGen Opternative LLC raised?
NextGen Opternative LLC reports $247,500 sold from 16 investors on its Form D filed Sep 16, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is NextGen Opternative LLC based?
NextGen Opternative LLC is based in Baltimore.
When did NextGen Opternative LLC launch?
NextGen Opternative LLC reports its first sale in Sep 2020.