Prospect Innovations LP
Prospect Innovations LP is a private equity fund based in Kingston, New York. According to its most recent Form D, filed Oct 5, 2022, it has sold $525,000 of interests to 3 investors since its first sale in Sep 2022. The minimum investment it accepts from an outside investor is $25,000. 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 Gene Murphy; Michael Martino.
- Total raised
- $525,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Sep 21, 2022
- Minimum investment
- $25,000
- 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
- Gene Murphy; Michael Martino
- Latest Form D
- Oct 5, 2022
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 Prospect Innovations LP
What is the minimum investment for Prospect Innovations LP?
According to its latest Form D, filed Oct 5, 2022, the minimum investment Prospect Innovations LP accepts from an outside investor is $25,000.
Who can invest in Prospect Innovations LP?
Prospect Innovations LP 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 Prospect Innovations LP raised?
Prospect Innovations LP reports $525,000 sold from 3 investors on its Form D filed Oct 5, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Prospect Innovations LP based?
Prospect Innovations LP is based in Kingston, New York.
When did Prospect Innovations LP launch?
Prospect Innovations LP reports its first sale in Sep 2022.
Size compared with every private equity fund
Raised more than 47% of the 3,662 private equity funds based in New York, and more than 16% of all 8,896 that report sales.