Sanavest Equity, LLC is a private equity fund based in San Diego, California. According to its most recent Form D, filed Dec 11, 2019, it has sold $6,590,000 of interests to 16 investors since its first sale in Oct 2019. 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(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include David Michan.
- Total raised
- $6,590,000Cumulative sales reported on Form D
- Investors
- 16
- First sale
- Oct 31, 2019
- Minimum investment
- $200,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- David Michan
- Latest Form D
- Dec 11, 2019
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 Sanavest Equity, LLC
What is the minimum investment for Sanavest Equity, LLC?
According to its latest Form D, filed Dec 11, 2019, the minimum investment Sanavest Equity, LLC accepts from an outside investor is $200,000.
Who can invest in Sanavest Equity, LLC?
Sanavest Equity, 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(c), so it may advertise, but every investor must be verified as accredited.
How much has Sanavest Equity, LLC raised?
Sanavest Equity, LLC reports $6,590,000 sold from 16 investors on its Form D filed Dec 11, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is Sanavest Equity, LLC based?
Sanavest Equity, LLC is based in San Diego, California.
When did Sanavest Equity, LLC launch?
Sanavest Equity, LLC reports its first sale in Oct 2019.
Size compared with every private equity fund
Raised more than 63% of the 1,747 private equity funds based in California, and more than 38% of all 8,950 that report sales.