Solarel Preferred LLC is a private equity fund based in New York, New York. According to its most recent Form D, filed Aug 16, 2018, it has sold $7,700,000 of interests to 13 investors since its first sale in Aug 2018. 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 to come; Richard Leibovitch; Gabriel Bousbib.
- Total raised
- $7,700,000Cumulative sales reported on Form D
- Investors
- 13
- First sale
- Aug 7, 2018
- 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
- to come; Richard Leibovitch; Gabriel Bousbib
- Latest Form D
- Aug 16, 2018
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 Solarel Preferred LLC
What is the minimum investment for Solarel Preferred LLC?
Solarel Preferred LLC's latest Form D, filed Aug 16, 2018, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Solarel Preferred LLC?
Solarel Preferred LLC 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 Solarel Preferred LLC raised?
Solarel Preferred LLC reports $7,700,000 sold from 13 investors on its Form D filed Aug 16, 2018. This is cumulative sales since the offering began, not current assets or performance.
Where is Solarel Preferred LLC based?
Solarel Preferred LLC is based in New York, New York.
When did Solarel Preferred LLC launch?
Solarel Preferred LLC reports its first sale in Aug 2018.
Size compared with every private equity fund
Raised more than 57% of the 3,666 private equity funds based in New York, and more than 39% of all 8,888 that report sales.