Penn Cap Independence LLC is a real estate fund based in Phoenixville, Pennsylvania. According to its most recent Form D, filed Jan 17, 2020, it has sold $1,455,000 of interests to 12 investors since its first sale in Jan 2020. The minimum investment it accepts from an outside investor is $30,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Edward Rogan; Percy Nikorawalla; LLC Penn Capital.
- Total raised
- $1,455,000Cumulative sales reported on Form D
- Investors
- 12
- First sale
- Jan 6, 2020
- Minimum investment
- $30,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Edward Rogan; Percy Nikorawalla; LLC Penn Capital
- Latest Form D
- Jan 17, 2020
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 Penn Cap Independence LLC
What is the minimum investment for Penn Cap Independence LLC?
According to its latest Form D, filed Jan 17, 2020, the minimum investment Penn Cap Independence LLC accepts from an outside investor is $30,000.
Who can invest in Penn Cap Independence LLC?
Penn Cap Independence LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has Penn Cap Independence LLC raised?
Penn Cap Independence LLC reports $1,455,000 sold from 12 investors on its Form D filed Jan 17, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is Penn Cap Independence LLC based?
Penn Cap Independence LLC is based in Phoenixville, Pennsylvania.
When did Penn Cap Independence LLC launch?
Penn Cap Independence LLC reports its first sale in Jan 2020.
Size compared with every real estate fund
Raised more than 46% of the 191 real estate funds based in Pennsylvania, and more than 39% of all 7,350 that report sales.