PDV Ad LLC
PDV Ad LLC is a venture capital fund organized in Delaware, United States and advised by Palm Drive Capital LLC. Its adviser reported $249,833 in gross assets for the fund on Form ADV, filed Feb 15, 2024. It reported 4 beneficial owners, about 100% of it owned by non-U.S. persons. The minimum investment it accepts is $10,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers.
- Gross assets
- $249,833As reported on Form ADV
- Beneficial owners
- 4
- Minimum investment
- $10,000
- Who can invest
- Qualified purchasersSection 3(c)(7)
- Fund type
- Venture capital fund
- Domicile
- Delaware, United States
- Custodian
- Midland Trust
- Adviser
- Palm Drive Capital LLC · New York, NY · CRD 284014
- Reported on
- Feb 15, 2024Adviser's Form ADV
From SEC filings, not verified. This information is republished from the adviser's Form ADV (Schedule D, Section 7.B.(1)) in the SEC's public Form ADV data, which currently runs through filings made by Dec 26, 2024. Figures are as of the adviser's filing and may have changed since. It is not an offer, solicitation or recommendation, AltMountain has not reviewed the fund, and gross assets are not performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about PDV Ad LLC
What is the minimum investment for PDV Ad LLC?
According to its adviser's Form ADV filed Feb 15, 2024, the minimum investment PDV Ad LLC accepts is $10,000.
Who can invest in PDV Ad LLC?
PDV Ad LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7).
How large is PDV Ad LLC?
Its adviser reported $249,833 in gross assets on Form ADV filed Feb 15, 2024. Gross assets include borrowed money and are not the same as net assets or performance.
Who manages PDV Ad LLC?
PDV Ad LLC is advised by Palm Drive Capital LLC, based in New York, NY.