Purple Kuru Ltd is a private equity fund based in Road Town, Virgin Islands, British. According to its most recent Form D, filed Oct 21, 2024, it has sold $95,800 of interests to 73 investors since its first sale in Aug 2024. The minimum investment it accepts from an outside investor is $1,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include GM Echo Manager LTD.
- Total raised
- $95,800Cumulative sales reported on Form D
- Investors
- 73
- First sale
- Aug 8, 2024
- Minimum investment
- $1,000
- 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
- GM Echo Manager LTD
- Latest Form D
- Oct 21, 2024
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 Purple Kuru Ltd
What is the minimum investment for Purple Kuru Ltd?
According to its latest Form D, filed Oct 21, 2024, the minimum investment Purple Kuru Ltd accepts from an outside investor is $1,000.
Who can invest in Purple Kuru Ltd?
Purple Kuru Ltd 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 Purple Kuru Ltd raised?
Purple Kuru Ltd reports $95,800 sold from 73 investors on its Form D filed Oct 21, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Purple Kuru Ltd based?
Purple Kuru Ltd is based in Road Town, Virgin Islands, British and is managed by Echo.
When did Purple Kuru Ltd launch?
Purple Kuru Ltd reports its first sale in Aug 2024, 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 equity fund
Raised more than 6% of the 346 private equity funds based in Virgin Islands, British, and more than 3% of all 9,142 that report sales.