True North Development Fund, LLC is a private equity fund based in Atlanta, Georgia. According to its most recent Form D, filed Feb 25, 2020, it has sold $318,000 of interests to 2 investors since its first sale in Dec 2019. The minimum investment it accepts from an outside investor is $10,000. 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 Philip Van Staden; Andrew Miles; TNR Fund Manager, LLC.
- Total raised
- $318,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Dec 6, 2019
- Minimum investment
- $10,000
- 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
- Philip Van Staden; Andrew Miles; TNR Fund Manager, LLC
- Latest Form D
- Feb 25, 2020
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 True North Development Fund, LLC
What is the minimum investment for True North Development Fund, LLC?
According to its latest Form D, filed Feb 25, 2020, the minimum investment True North Development Fund, LLC accepts from an outside investor is $10,000.
Who can invest in True North Development Fund, LLC?
True North Development 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). It uses Rule 506(b), which does not allow general advertising.
How much has True North Development Fund, LLC raised?
True North Development Fund, LLC reports $318,000 sold from 2 investors on its Form D filed Feb 25, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is True North Development Fund, LLC based?
True North Development Fund, LLC is based in Atlanta, Georgia.
When did True North Development Fund, LLC launch?
True North Development Fund, LLC reports its first sale in Dec 2019.
Size compared with every private equity fund
Raised more than 23% of the 123 private equity funds based in Georgia, and more than 12% of all 8,883 that report sales.