SMS XV LLC is a private equity fund based in Carmel, Indiana. According to its most recent Form D, filed Dec 9, 2025, it has sold $400,000 of interests to 13 investors since its first sale in Jul 2025. The minimum investment it accepts from an outside investor is $25,000. 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 Leo LaGrotte.
- Total raised
- $400,000Cumulative sales reported on Form D
- Investors
- 13
- First sale
- Jul 31, 2025
- 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
- Dec 9, 2025
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 XV LLC
What is the minimum investment for SMS XV LLC?
According to its latest Form D, filed Dec 9, 2025, the minimum investment SMS XV LLC accepts from an outside investor is $25,000.
Who can invest in SMS XV LLC?
SMS XV 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 XV LLC raised?
SMS XV LLC reports $400,000 sold from 13 investors on its Form D filed Dec 9, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is SMS XV LLC based?
SMS XV LLC is based in Carmel, Indiana.
When did SMS XV LLC launch?
SMS XV LLC reports its first sale in Jul 2025, 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 39% of the 23 private equity funds based in Indiana, and more than 13% of all 9,142 that report sales.