SIB Acquisition Corp
SIB Acquisition Corp is a private equity fund based in Bloomfield Hills, Michigan. According to its most recent Form D, filed Apr 3, 2020, it has sold $1,000 of interests to 1 investor since its first sale in Mar 2020. 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 Patrick Corden.
- Total raised
- $1,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Mar 25, 2020
- 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
- Patrick Corden
- Latest Form D
- Apr 3, 2020
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 SIB Acquisition Corp
What is the minimum investment for SIB Acquisition Corp?
SIB Acquisition Corp's latest Form D, filed Apr 3, 2020, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in SIB Acquisition Corp?
SIB Acquisition Corp 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 SIB Acquisition Corp raised?
SIB Acquisition Corp reports $1,000 sold from 1 investor on its Form D filed Apr 3, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is SIB Acquisition Corp based?
SIB Acquisition Corp is based in Bloomfield Hills, Michigan.
When did SIB Acquisition Corp launch?
SIB Acquisition Corp reports its first sale in Mar 2020.
Size compared with every private equity fund
Raised more than 25% of the 87 private equity funds based in Michigan, and more than 0% of all 8,888 that report sales.