Slack Water I LP is a private equity fund based in Key West, Florida. According to its most recent Form D, filed Oct 16, 2024, it has sold $4,425,000 of interests to 19 investors since its first sale in Oct 2023. The minimum investment it accepts from an outside investor is $150,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Slack Water Capital GP LLC.
- Total raised
- $4,425,000Cumulative sales reported on Form D
- Investors
- 19
- First sale
- Oct 13, 2023
- Minimum investment
- $150,000
- 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
- Slack Water Capital GP LLC
- Latest Form D
- Oct 16, 2024
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 Slack Water I LP
What is the minimum investment for Slack Water I LP?
According to its latest Form D, filed Oct 16, 2024, the minimum investment Slack Water I LP accepts from an outside investor is $150,000.
Who can invest in Slack Water I LP?
Slack Water I LP 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 Slack Water I LP raised?
Slack Water I LP reports $4,425,000 sold from 19 investors on its Form D filed Oct 16, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Slack Water I LP based?
Slack Water I LP is based in Key West, Florida.
When did Slack Water I LP launch?
Slack Water I LP reports its first sale in Oct 2023, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every private equity fund
Raised more than 66% of the 818 private equity funds based in Florida, and more than 33% of all 9,159 that report sales.