Riverside Development Partners I LLC is a private investment fund based in Chicago, Illinois. According to its most recent Form D, filed Mar 16, 2018, it has sold $40,500,000 of interests to 16 investors since its first sale in Mar 2018. The minimum investment it accepts from an outside investor is $200,000. 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 Riverside Investment and Development Company; John O'Donnell; Rdpi Manager LLC.
- Total raised
- $40,500,000Cumulative sales reported on Form D
- Investors
- 16
- First sale
- Mar 7, 2018
- Minimum investment
- $200,000
- 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
- Riverside Investment and Development Company; John O'Donnell; Rdpi Manager LLC
- Latest Form D
- Mar 16, 2018
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 Riverside Development Partners I LLC
What is the minimum investment for Riverside Development Partners I LLC?
According to its latest Form D, filed Mar 16, 2018, the minimum investment Riverside Development Partners I LLC accepts from an outside investor is $200,000.
Who can invest in Riverside Development Partners I LLC?
Riverside Development Partners I 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 Riverside Development Partners I LLC raised?
Riverside Development Partners I LLC reports $40,500,000 sold from 16 investors on its Form D filed Mar 16, 2018. This is cumulative sales since the offering began, not current assets or performance.
Where is Riverside Development Partners I LLC based?
Riverside Development Partners I LLC is based in Chicago, Illinois.
When did Riverside Development Partners I LLC launch?
Riverside Development Partners I LLC reports its first sale in Mar 2018.
Size compared with every private investment fund
Raised more than 54% of the 553 private investment funds based in Illinois, and more than 59% of all 10,263 that report sales.