Weg Fund I, LLC
Weg Fund I, LLC is a private investment fund based in Arlington Heights, Illinois. According to its most recent Form D, filed Dec 6, 2018, it has sold $7,556,103 of interests to 45 investors since its first sale in Dec 2017. 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 Patrick Power; Richard Babjack; World Equity Group, Incorporated World Equity Group, Incorporated.
- Total raised
- $7,556,103Cumulative sales reported on Form D
- Investors
- 45
- First sale
- Dec 29, 2017
- 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
- Patrick Power; Richard Babjack; World Equity Group, Incorporated World Equity Group, Incorporated
- Latest Form D
- Dec 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 Weg Fund I, LLC
What is the minimum investment for Weg Fund I, LLC?
According to its latest Form D, filed Dec 6, 2018, the minimum investment Weg Fund I, LLC accepts from an outside investor is $50,000.
Who can invest in Weg Fund I, LLC?
Weg Fund 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 Weg Fund I, LLC raised?
Weg Fund I, LLC reports $7,556,103 sold from 45 investors on its Form D filed Dec 6, 2018. This is cumulative sales since the offering began, not current assets or performance.
Where is Weg Fund I, LLC based?
Weg Fund I, LLC is based in Arlington Heights, Illinois.
When did Weg Fund I, LLC launch?
Weg Fund I, LLC reports its first sale in Dec 2017.
Size compared with every private investment fund
Raised more than 38% of the 553 private investment funds based in Illinois, and more than 37% of all 10,270 that report sales.