Steele Fund LLC
Steele Fund LLC is a hedge fund based in Lake Oswego, Oregon. According to its most recent Form D, filed May 18, 2011, the fund has sold $2,680,000 of interests to 5 investors since its first sale in Jan 2005. 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. Related persons named in the filing include Steele Capital Management, LLC; Edward Steele.
Performance
No returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $2,680,000Cumulative sales reported on Form D
- Investors
- 5
- First sale
- Jan 27, 2005
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Other exemption
- Key people and entities
- Steele Capital Management, LLC; Edward Steele
- Latest Form D
- May 18, 2011
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. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Steele Fund LLC
What is the minimum investment for Steele Fund LLC?
Steele Fund LLC's latest Form D, filed May 18, 2011, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Steele Fund LLC?
Steele Fund 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).
How much has Steele Fund LLC raised?
Steele Fund LLC reports $2,680,000 sold from 5 investors on its Form D filed May 18, 2011. This is cumulative sales since the offering began, not current assets or performance.
Where is Steele Fund LLC based?
Steele Fund LLC is based in Lake Oswego, Oregon.
When did Steele Fund LLC launch?
Steele Fund LLC reports its first sale in Jan 2005.
Size compared with every hedge fund
Raised more than 19% of the 16 hedge funds based in Oregon, and more than 10% of all 10,129 that report sales.