Variant Fund, L.P. is a venture capital fund based in Brooklyn, New York. According to its most recent Form D, filed Aug 25, 2020, it has sold $13,360,000 of interests to 35 investors since its first sale in Mar 2020. 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 a Delaware limited liability company Variant Fund GP, LLC; Jesse Walden.
- Total raised
- $13,360,000Cumulative sales reported on Form D
- Investors
- 35
- First sale
- Mar 6, 2020
- 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
- a Delaware limited liability company Variant Fund GP, LLC; Jesse Walden
- Latest Form D
- Aug 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 Variant Fund, L.P.
What is the minimum investment for Variant Fund, L.P.?
Variant Fund, L.P.'s latest Form D, filed Aug 25, 2020, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Variant Fund, L.P.?
Variant Fund, L.P. 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 Variant Fund, L.P. raised?
Variant Fund, L.P. reports $13,360,000 sold from 35 investors on its Form D filed Aug 25, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is Variant Fund, L.P. based?
Variant Fund, L.P. is based in Brooklyn, New York.
When did Variant Fund, L.P. launch?
Variant Fund, L.P. reports its first sale in Mar 2020.
Size compared with every venture capital fund
Raised more than 81% of the 1,227 venture capital funds based in New York, and more than 90% of all 14,800 that report sales.