Pragnya Fund 1
Pragnya Fund 1 is a real estate fund organized in Mauritius and advised by Adelie Investment Management Company. Its adviser reported $9,527,443 in gross assets for the fund on Form ADV, filed Jun 20, 2024. It reported 48 beneficial owners, about 39% of it owned by non-U.S. persons. The minimum investment it accepts is $200,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors.
- Gross assets
- $9,527,443As reported on Form ADV
- Beneficial owners
- 48
- Minimum investment
- $200,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 owners
- Fund type
- Real estate fund
- Domicile
- Mauritius
- Auditor
- Grant Thornton
- Administrator
- International Proximity
- Adviser
- Adelie Investment Management Company · Port Louis, Mauritius · CRD 162709
- Reported on
- Jun 20, 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 Pragnya Fund 1
What is the minimum investment for Pragnya Fund 1?
According to its adviser's Form ADV filed Jun 20, 2024, the minimum investment Pragnya Fund 1 accepts is $200,000.
Who can invest in Pragnya Fund 1?
Pragnya Fund 1 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).
How large is Pragnya Fund 1?
Its adviser reported $9,527,443 in gross assets on Form ADV filed Jun 20, 2024. Gross assets include borrowed money and are not the same as net assets or performance.
Who manages Pragnya Fund 1?
Pragnya Fund 1 is advised by Adelie Investment Management Company, based in Port Louis, Mauritius.
Who are Pragnya Fund 1's service providers?
Its Form ADV lists Grant Thornton as auditor and International Proximity as administrator.