Union Lake Source Partners LP
Union Lake Source Partners LP is a private equity fund based in Birmingham, Michigan. According to its most recent Form D, filed Apr 30, 2018, it has sold $7,373,171 of interests to 10 investors since its first sale in Apr 2018. 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 Eric Singer; Union Lake Source Partners GP LLC.
- Total raised
- $7,373,171Cumulative sales reported on Form D
- Investors
- 10
- First sale
- Apr 18, 2018
- 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
- Eric Singer; Union Lake Source Partners GP LLC
- Latest Form D
- Apr 30, 2018
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 Union Lake Source Partners LP
What is the minimum investment for Union Lake Source Partners LP?
According to its latest Form D, filed Apr 30, 2018, the minimum investment Union Lake Source Partners LP accepts from an outside investor is $50,000.
Who can invest in Union Lake Source Partners LP?
Union Lake Source Partners LP 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 Union Lake Source Partners LP raised?
Union Lake Source Partners LP reports $7,373,171 sold from 10 investors on its Form D filed Apr 30, 2018. This is cumulative sales since the offering began, not current assets or performance.
Where is Union Lake Source Partners LP based?
Union Lake Source Partners LP is based in Birmingham, Michigan.
When did Union Lake Source Partners LP launch?
Union Lake Source Partners LP reports its first sale in Apr 2018.
Size compared with every private equity fund
Raised more than 64% of the 87 private equity funds based in Michigan, and more than 39% of all 8,896 that report sales.