Term Fund 2018 is a private investment fund based in New York, New York. According to its most recent Form D, filed Nov 21, 2017, it has sold $2,518,759,586 of interests to 39 investors since its first sale in Jan 2014. The minimum investment it accepts from an outside investor is $5,000,000. 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 Adam Lane; Joseph Cortese; Michael Twohig.
- Total raised
- $2,518,759,586Cumulative sales reported on Form D
- Investors
- 39
- First sale
- Jan 2, 2014
- Minimum investment
- $5,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Adam Lane; Joseph Cortese; Michael Twohig
- Latest Form D
- Nov 21, 2017
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 Term Fund 2018
What is the minimum investment for Term Fund 2018?
According to its latest Form D, filed Nov 21, 2017, the minimum investment Term Fund 2018 accepts from an outside investor is $5,000,000.
Who can invest in Term Fund 2018?
Term Fund 2018 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 Term Fund 2018 raised?
Term Fund 2018 reports $2,518,759,586 sold from 39 investors on its Form D filed Nov 21, 2017. This is cumulative sales since the offering began, not current assets or performance.
Where is Term Fund 2018 based?
Term Fund 2018 is based in New York, New York.
When did Term Fund 2018 launch?
Term Fund 2018 reports its first sale in Jan 2014.
Size compared with every private investment fund
Raised more than 97% of the 2,822 private investment funds based in New York, and more than 97% of all 10,255 that report sales.