Usip I, LLC
Usip I, LLC is a private investment fund based in Jacksonville, Florida. According to its most recent Form D, filed Feb 22, 2022, it has sold $3,188,295 of interests to 13 investors since its first sale in Feb 2022. The filing does not set a minimum investment. 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 Brinkmere Capital Partners, LLC; Brinkmere Capital Management I, LP; Franklin Beard, Jr.
- Total raised
- $3,188,295Cumulative sales reported on Form D
- Investors
- 13
- First sale
- Feb 8, 2022
- Minimum investment
- None set
- 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
- Brinkmere Capital Partners, LLC; Brinkmere Capital Management I, LP; Franklin Beard, Jr
- Latest Form D
- Feb 22, 2022
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 Usip I, LLC
What is the minimum investment for Usip I, LLC?
Usip I, LLC's latest Form D, filed Feb 22, 2022, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Usip I, LLC?
Usip I, 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 Usip I, LLC raised?
Usip I, LLC reports $3,188,295 sold from 13 investors on its Form D filed Feb 22, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Usip I, LLC based?
Usip I, LLC is based in Jacksonville, Florida.
When did Usip I, LLC launch?
Usip I, LLC reports its first sale in Feb 2022.
Size compared with every private investment fund
Raised more than 53% of the 861 private investment funds based in Florida, and more than 26% of all 10,263 that report sales.