Sabi 7-3 LLC
Sabi 7-3 LLC is a venture capital fund based in Franklin Lakes, New Jersey. According to its most recent Form D, filed Feb 6, 2023, it has sold $657,955 of interests to 5 investors since its first sale in Feb 2023. The filing does not set a minimum investment. 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 Pardon Makumbe.
- Total raised
- $657,955Cumulative sales reported on Form D
- Investors
- 5
- First sale
- Feb 1, 2023
- Minimum investment
- None set
- 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
- Pardon Makumbe
- Latest Form D
- Feb 6, 2023
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 Sabi 7-3 LLC
What is the minimum investment for Sabi 7-3 LLC?
Sabi 7-3 LLC's latest Form D, filed Feb 6, 2023, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Sabi 7-3 LLC?
Sabi 7-3 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 Sabi 7-3 LLC raised?
Sabi 7-3 LLC reports $657,955 sold from 5 investors on its Form D filed Feb 6, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Sabi 7-3 LLC based?
Sabi 7-3 LLC is based in Franklin Lakes, New Jersey.
When did Sabi 7-3 LLC launch?
Sabi 7-3 LLC reports its first sale in Feb 2023.
Size compared with every venture capital fund
Raised more than 41% of the 86 venture capital funds based in New Jersey, and more than 54% of all 14,829 that report sales.