Proof II Pei, LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Nov 15, 2021, it has sold $1,357,000 of interests to 20 investors since its first sale in Nov 2021. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Thanasis Delistathis; John Burke; none PROOF Management, LLC.
- Total raised
- $1,357,000Cumulative sales reported on Form D
- Investors
- 20
- First sale
- Nov 3, 2021
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Thanasis Delistathis; John Burke; none PROOF Management, LLC
- Latest Form D
- Nov 15, 2021
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 Proof II Pei, LLC
What is the minimum investment for Proof II Pei, LLC?
Proof II Pei, LLC's latest Form D, filed Nov 15, 2021, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof II Pei, LLC?
Proof II Pei, LLC 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). It uses Rule 506(b), which does not allow general advertising.
How much has Proof II Pei, LLC raised?
Proof II Pei, LLC reports $1,357,000 sold from 20 investors on its Form D filed Nov 15, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof II Pei, LLC based?
Proof II Pei, LLC is based in Reston, Virginia.
When did Proof II Pei, LLC launch?
Proof II Pei, LLC reports its first sale in Nov 2021.
Size compared with every venture capital fund
Raised more than 61% of the 140 venture capital funds based in Virginia, and more than 66% of all 14,800 that report sales.