States Capital LLC is a real estate fund based in Richmond Hill, New York. According to its most recent Form D, filed Jun 16, 2026, it has sold $25,059,628 of interests to 52 investors since its first sale in Jan 2021. The minimum investment it accepts from an outside investor is $250,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Ruben Izgelov; States Capital Management LLC.
- Total raised
- $25,059,628Cumulative sales reported on Form D
- Investors
- 52
- First sale
- Jan 21, 2021
- Minimum investment
- $250,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Ruben Izgelov; States Capital Management LLC
- Latest Form D
- Jun 16, 2026
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 States Capital LLC
What is the minimum investment for States Capital LLC?
According to its latest Form D, filed Jun 16, 2026, the minimum investment States Capital LLC accepts from an outside investor is $250,000.
Who can invest in States Capital LLC?
States Capital LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has States Capital LLC raised?
States Capital LLC reports $25,059,628 sold from 52 investors on its Form D filed Jun 16, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is States Capital LLC based?
States Capital LLC is based in Richmond Hill, New York.
When did States Capital LLC launch?
States Capital LLC reports its first sale in Jan 2021, 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 real estate fund
Raised more than 90% of the 810 real estate funds based in New York, and more than 89% of all 7,348 that report sales.