Reef Fund II LLC is a private investment fund based in Los Angeles, California. According to its most recent Form D, filed Mar 9, 2016, it has sold $20,000,000 of interests to 30 investors since its first sale in Jul 2015. The minimum investment it accepts from an outside investor is $1,000,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Jerron Jutila.
- Total raised
- $20,000,000Cumulative sales reported on Form D
- Investors
- 30
- First sale
- Jul 23, 2015
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Net asset value range
- $5,000,001 - $25,000,000Self-reported
- Key people and entities
- Jerron Jutila
- Latest Form D
- Mar 9, 2016
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 Reef Fund II LLC
What is the minimum investment for Reef Fund II LLC?
According to its latest Form D, filed Mar 9, 2016, the minimum investment Reef Fund II LLC accepts from an outside investor is $1,000,000.
Who can invest in Reef Fund II LLC?
Reef Fund II LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has Reef Fund II LLC raised?
Reef Fund II LLC reports $20,000,000 sold from 30 investors on its Form D filed Mar 9, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is Reef Fund II LLC based?
Reef Fund II LLC is based in Los Angeles, California.
When did Reef Fund II LLC launch?
Reef Fund II LLC reports its first sale in Jul 2015.
Size compared with every private investment fund
Raised more than 68% of the 1,717 private investment funds based in California, and more than 50% of all 10,287 that report sales.