Steele Partners LLC
Steele Partners LLC is a private equity fund based in Grand Rapids, Michigan. According to its most recent Form D, filed Dec 31, 2019, it has sold $12,480,522 of interests to 38 investors since its first sale in Nov 2019. The minimum investment it accepts from an outside investor is $50,000. 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. Related persons named in the filing include Genesis Guanga; Brandon Kanitz.
- Total raised
- $12,480,522Cumulative sales reported on Form D
- Investors
- 38
- First sale
- Nov 22, 2019
- Minimum investment
- $50,000
- 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
- Genesis Guanga; Brandon Kanitz
- Latest Form D
- Dec 31, 2019
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 Steele Partners LLC
What is the minimum investment for Steele Partners LLC?
According to its latest Form D, filed Dec 31, 2019, the minimum investment Steele Partners LLC accepts from an outside investor is $50,000.
Who can invest in Steele Partners LLC?
Steele Partners 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 Steele Partners LLC raised?
Steele Partners LLC reports $12,480,522 sold from 38 investors on its Form D filed Dec 31, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is Steele Partners LLC based?
Steele Partners LLC is based in Grand Rapids, Michigan.
When did Steele Partners LLC launch?
Steele Partners LLC reports its first sale in Nov 2019.
Size compared with every private equity fund
Raised more than 68% of the 87 private equity funds based in Michigan, and more than 45% of all 8,888 that report sales.