Term Fund 2023 is a private investment fund based in New York, New York. According to its most recent Form D, filed Jan 28, 2021, it has sold $2,566,872,114 of interests to 41 investors since its first sale in Jan 2019. 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 Stacey Mullaney; Adam Lane; Kenneth Cawley.
- Total raised
- $2,566,872,114Cumulative sales reported on Form D
- Investors
- 41
- First sale
- Jan 2, 2019
- 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
- Stacey Mullaney; Adam Lane; Kenneth Cawley
- Latest Form D
- Jan 28, 2021
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 2023
What is the minimum investment for Term Fund 2023?
According to its latest Form D, filed Jan 28, 2021, the minimum investment Term Fund 2023 accepts from an outside investor is $5,000,000.
Who can invest in Term Fund 2023?
Term Fund 2023 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 2023 raised?
Term Fund 2023 reports $2,566,872,114 sold from 41 investors on its Form D filed Jan 28, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Term Fund 2023 based?
Term Fund 2023 is based in New York, New York.
When did Term Fund 2023 launch?
Term Fund 2023 reports its first sale in Jan 2019.
Size compared with every private investment fund
Raised more than 97% of the 2,804 private investment funds based in New York, and more than 97% of all 10,190 that report sales.