USB Focus Fund SciAps 1, LLC
USB Focus Fund SciAps 1, LLC is a private investment fund based in Lincoln, Massachusetts. According to its most recent Form D, filed Mar 6, 2018, it has sold $6,200,000 of interests to 23 investors since its first sale in Feb 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 Willard Umphrey; John McClellan; Kathryn Laing.
- Total raised
- $6,200,000Cumulative sales reported on Form D
- Investors
- 23
- First sale
- Feb 27, 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
- Willard Umphrey; John McClellan; Kathryn Laing
- Latest Form D
- Mar 6, 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 USB Focus Fund SciAps 1, LLC
What is the minimum investment for USB Focus Fund SciAps 1, LLC?
According to its latest Form D, filed Mar 6, 2018, the minimum investment USB Focus Fund SciAps 1, LLC accepts from an outside investor is $50,000.
Who can invest in USB Focus Fund SciAps 1, LLC?
USB Focus Fund SciAps 1, 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 USB Focus Fund SciAps 1, LLC raised?
USB Focus Fund SciAps 1, LLC reports $6,200,000 sold from 23 investors on its Form D filed Mar 6, 2018. This is cumulative sales since the offering began, not current assets or performance.
Where is USB Focus Fund SciAps 1, LLC based?
USB Focus Fund SciAps 1, LLC is based in Lincoln, Massachusetts.
When did USB Focus Fund SciAps 1, LLC launch?
USB Focus Fund SciAps 1, LLC reports its first sale in Feb 2018.
Size compared with every private investment fund
Raised more than 38% of the 540 private investment funds based in Massachusetts, and more than 35% of all 10,248 that report sales.