Purpose Group, LLC is a private equity fund based in Atlanta, Georgia. According to its most recent Form D, filed Jan 27, 2025, it has sold $300,000 of interests to 4 investors since its first sale in Jan 2025. The minimum investment it accepts from an outside investor is $50,000. 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 Jeff Hilimire; David Cummings; Raj Choudhury.
- Total raised
- $300,000Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Jan 15, 2025
- Minimum investment
- $50,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Jeff Hilimire; David Cummings; Raj Choudhury
- Latest Form D
- Jan 27, 2025
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 Purpose Group, LLC
What is the minimum investment for Purpose Group, LLC?
According to its latest Form D, filed Jan 27, 2025, the minimum investment Purpose Group, LLC accepts from an outside investor is $50,000.
Who can invest in Purpose Group, LLC?
Purpose Group, 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 Purpose Group, LLC raised?
Purpose Group, LLC reports $300,000 sold from 4 investors on its Form D filed Jan 27, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Purpose Group, LLC based?
Purpose Group, LLC is based in Atlanta, Georgia.
When did Purpose Group, LLC launch?
Purpose Group, LLC reports its first sale in Jan 2025, 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 21% of the 124 private equity funds based in Georgia, and more than 11% of all 9,142 that report sales.