PREP Richmond TX LLC
PREP Richmond TX LLC is a private investment fund based in Bethesda, Maryland. According to its most recent Form D, filed Mar 31, 2026, it has sold $9,100,000 of interests to 9 investors since its first sale in Feb 2026. The minimum investment it accepts from an outside investor is $150,000. 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 Pennington Partners & Co., LLC.
- Total raised
- $9,100,000Cumulative sales reported on Form D
- Investors
- 9
- First sale
- Feb 26, 2026
- Minimum investment
- $150,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Pennington Partners & Co., LLC
- Latest Form D
- Mar 31, 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 PREP Richmond TX LLC
What is the minimum investment for PREP Richmond TX LLC?
According to its latest Form D, filed Mar 31, 2026, the minimum investment PREP Richmond TX LLC accepts from an outside investor is $150,000.
Who can invest in PREP Richmond TX LLC?
PREP Richmond TX LLC 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 PREP Richmond TX LLC raised?
PREP Richmond TX LLC reports $9,100,000 sold from 9 investors on its Form D filed Mar 31, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is PREP Richmond TX LLC based?
PREP Richmond TX LLC is based in Bethesda, Maryland and is managed by Pennington Partners & Co., LLC.
When did PREP Richmond TX LLC launch?
PREP Richmond TX LLC reports its first sale in Feb 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 private investment fund
Raised more than 56% of the 121 private investment funds based in Maryland, and more than 40% of all 10,255 that report sales.