Picard Mn LLC is a real estate fund based in Washington, District of Columbia. According to its most recent Form D, filed Jan 23, 2026, it has sold $125,000 of interests to 125 investors since its first sale in Jan 2026. The minimum investment it accepts from an outside investor is $1,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Benjamin Kayden; Kristin Leung; Saim Jafar.
- Total raised
- $125,000Cumulative sales reported on Form D
- Investors
- 125
- First sale
- Jan 8, 2026
- Minimum investment
- $1,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Benjamin Kayden; Kristin Leung; Saim Jafar
- Latest Form D
- Jan 23, 2026
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 Picard Mn LLC
What is the minimum investment for Picard Mn LLC?
According to its latest Form D, filed Jan 23, 2026, the minimum investment Picard Mn LLC accepts from an outside investor is $1,000.
Who can invest in Picard Mn LLC?
Picard Mn 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). It uses Rule 506(b), which does not allow general advertising.
How much has Picard Mn LLC raised?
Picard Mn LLC reports $125,000 sold from 125 investors on its Form D filed Jan 23, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Picard Mn LLC based?
Picard Mn LLC is based in Washington, District of Columbia.
When did Picard Mn LLC launch?
Picard Mn LLC reports its first sale in Jan 2026, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every real estate fund
Raised more than 19% of the 32 real estate funds based in District of Columbia, and more than 8% of all 7,349 that report sales.