Solas Intershunt Sidecar LLC is a venture capital fund based in Chattanooga, Tennessee. According to its most recent Form D, filed Jan 16, 2025, it has sold $1,447,720 of interests to 14 investors since its first sale in Aug 2024. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Solas Partners II, LLC; David Adair; Mark Hackett.
- Total raised
- $1,447,720Cumulative sales reported on Form D
- Investors
- 14
- First sale
- Aug 19, 2024
- 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
- Solas Partners II, LLC; David Adair; Mark Hackett
- Latest Form D
- Jan 16, 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 Solas Intershunt Sidecar LLC
What is the minimum investment for Solas Intershunt Sidecar LLC?
Solas Intershunt Sidecar LLC's latest Form D, filed Jan 16, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Solas Intershunt Sidecar LLC?
Solas Intershunt Sidecar LLC 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 Solas Intershunt Sidecar LLC raised?
Solas Intershunt Sidecar LLC reports $1,447,720 sold from 14 investors on its Form D filed Jan 16, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Solas Intershunt Sidecar LLC based?
Solas Intershunt Sidecar LLC is based in Chattanooga, Tennessee.
When did Solas Intershunt Sidecar LLC launch?
Solas Intershunt Sidecar LLC reports its first sale in Aug 2024, 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 venture capital fund
Raised more than 34% of the 47 venture capital funds based in Tennessee, and more than 67% of all 15,160 that report sales.