SMS III LLC is a private equity fund based in Carmel, Indiana. According to its most recent Form D, filed Oct 11, 2022, it has sold $650,000 of interests to 10 investors since its first sale in Sep 2022. The minimum investment it accepts from an outside investor is $25,000. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Leo LaGrotte.
- Total raised
- $650,000Cumulative sales reported on Form D
- Investors
- 10
- First sale
- Sep 15, 2022
- Minimum investment
- $25,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Leo LaGrotte
- Latest Form D
- Oct 11, 2022
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 SMS III LLC
What is the minimum investment for SMS III LLC?
According to its latest Form D, filed Oct 11, 2022, the minimum investment SMS III LLC accepts from an outside investor is $25,000.
Who can invest in SMS III LLC?
SMS III LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(b), which does not allow general advertising.
How much has SMS III LLC raised?
SMS III LLC reports $650,000 sold from 10 investors on its Form D filed Oct 11, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is SMS III LLC based?
SMS III LLC is based in Carmel, Indiana.
When did SMS III LLC launch?
SMS III LLC reports its first sale in Sep 2022.
Size compared with every private equity fund
Raised more than 50% of the 22 private equity funds based in Indiana, and more than 17% of all 8,888 that report sales.