Penstock Equity LP
Penstock Equity LP is a private equity fund based in Birmingham, Michigan. According to its most recent Form D, filed May 12, 2023, it has sold $17,325,000 of interests to 64 investors since its first sale in May 2023. The minimum investment it accepts from an outside investor is $100,000. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Adam Wise; David Hiemstra.
- Total raised
- $17,325,000Cumulative sales reported on Form D
- Investors
- 64
- First sale
- May 3, 2023
- Minimum investment
- $100,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Adam Wise; David Hiemstra
- Latest Form D
- May 12, 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 Penstock Equity LP
What is the minimum investment for Penstock Equity LP?
According to its latest Form D, filed May 12, 2023, the minimum investment Penstock Equity LP accepts from an outside investor is $100,000.
Who can invest in Penstock Equity LP?
Penstock Equity LP is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(b), which does not allow general advertising.
How much has Penstock Equity LP raised?
Penstock Equity LP reports $17,325,000 sold from 64 investors on its Form D filed May 12, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Penstock Equity LP based?
Penstock Equity LP is based in Birmingham, Michigan.
When did Penstock Equity LP launch?
Penstock Equity LP reports its first sale in May 2023.
Size compared with every private equity fund
Raised more than 71% of the 87 private equity funds based in Michigan, and more than 49% of all 8,896 that report sales.