Section 32 Fund 1, LP
Section 32 Fund 1, LP is a venture capital fund based in Cardiff-by-the-Sea, California. According to its most recent Form D, filed May 23, 2017, it has sold $151,300,000 of interests to 32 investors since its first sale in May 2017. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Bill Maris.
- Total raised
- $151,300,000Cumulative sales reported on Form D
- Investors
- 32
- First sale
- May 12, 2017
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Bill Maris
- Latest Form D
- May 23, 2017
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 Section 32 Fund 1, LP
What is the minimum investment for Section 32 Fund 1, LP?
Section 32 Fund 1, LP's latest Form D, filed May 23, 2017, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Section 32 Fund 1, LP?
Section 32 Fund 1, LP 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(b), which does not allow general advertising.
How much has Section 32 Fund 1, LP raised?
Section 32 Fund 1, LP reports $151,300,000 sold from 32 investors on its Form D filed May 23, 2017. This is cumulative sales since the offering began, not current assets or performance.
Where is Section 32 Fund 1, LP based?
Section 32 Fund 1, LP is based in Cardiff-by-the-Sea, California.
When did Section 32 Fund 1, LP launch?
Section 32 Fund 1, LP reports its first sale in May 2017.
Size compared with every venture capital fund
Raised more than 96% of the 2,224 venture capital funds based in California, and more than 99% of all 14,840 that report sales.