Onyx Fund LLC is a private investment fund based in Houston, Texas. According to its most recent Form D, filed Jun 14, 2024, it has sold $505,000 of interests to 7 investors since its first sale in May 2024. The minimum investment it accepts from an outside investor is $50,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Zach Fugman; Xue Xu.
- Total raised
- $505,000Cumulative sales reported on Form D
- Investors
- 7
- First sale
- May 30, 2024
- Minimum investment
- $50,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Zach Fugman; Xue Xu
- Latest Form D
- Jun 14, 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 Onyx Fund LLC
What is the minimum investment for Onyx Fund LLC?
According to its latest Form D, filed Jun 14, 2024, the minimum investment Onyx Fund LLC accepts from an outside investor is $50,000.
Who can invest in Onyx Fund LLC?
Onyx Fund 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(c), so it may advertise, but every investor must be verified as accredited.
How much has Onyx Fund LLC raised?
Onyx Fund LLC reports $505,000 sold from 7 investors on its Form D filed Jun 14, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Onyx Fund LLC based?
Onyx Fund LLC is based in Houston, Texas.
When did Onyx Fund LLC launch?
Onyx Fund LLC reports its first sale in May 2024.
Size compared with every private investment fund
Raised more than 30% of the 879 private investment funds based in Texas, and more than 9% of all 10,270 that report sales.