Waterfall Ithaca Fund, LLC is a private investment fund based in New York, New York. According to its most recent Form D, filed Dec 10, 2019, it has sold $2,050,000 of interests to 17 investors since its first sale in Nov 2019. The minimum investment it accepts from an outside investor is $50,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Jack Ross; Thomas Capasse; Waterfall Asset Management, LLC.
- Total raised
- $2,050,000Cumulative sales reported on Form D
- Investors
- 17
- First sale
- Nov 27, 2019
- Minimum investment
- $50,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Jack Ross; Thomas Capasse; Waterfall Asset Management, LLC
- Latest Form D
- Dec 10, 2019
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 Waterfall Ithaca Fund, LLC
What is the minimum investment for Waterfall Ithaca Fund, LLC?
According to its latest Form D, filed Dec 10, 2019, the minimum investment Waterfall Ithaca Fund, LLC accepts from an outside investor is $50,000.
Who can invest in Waterfall Ithaca Fund, LLC?
Waterfall Ithaca Fund, LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Waterfall Ithaca Fund, LLC raised?
Waterfall Ithaca Fund, LLC reports $2,050,000 sold from 17 investors on its Form D filed Dec 10, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is Waterfall Ithaca Fund, LLC based?
Waterfall Ithaca Fund, LLC is based in New York, New York.
When did Waterfall Ithaca Fund, LLC launch?
Waterfall Ithaca Fund, LLC reports its first sale in Nov 2019.
Size compared with every private investment fund
Raised more than 33% of the 2,818 private investment funds based in New York, and more than 21% of all 10,263 that report sales.