XRC Fund V, LLC
XRC Fund V, LLC is a venture capital fund organized in Delaware, United States and advised by Piper Ventures LLC. Its adviser reported $4,252,214 in gross assets for the fund on Form ADV, filed Mar 26, 2024. It reported 22 beneficial owners, about 18% of it owned by non-U.S. persons. The minimum investment it accepts is $100,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors.
- Gross assets
- $4,252,214As reported on Form ADV
- Beneficial owners
- 22
- Minimum investment
- $100,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 owners
- Fund type
- Venture capital fund
- Domicile
- Delaware, United States
- Custodian
- Silicon Valley Bank
- Adviser
- Piper Ventures LLC · Aiken, SC · CRD 318076
- Reported on
- Mar 26, 2024Adviser's Form ADV
From SEC filings, not verified. This information is republished from the adviser's Form ADV (Schedule D, Section 7.B.(1)) in the SEC's public Form ADV data, which currently runs through filings made by Dec 26, 2024. Figures are as of the adviser's filing and may have changed since. It is not an offer, solicitation or recommendation, AltMountain has not reviewed the fund, and gross assets are not performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about XRC Fund V, LLC
What is the minimum investment for XRC Fund V, LLC?
According to its adviser's Form ADV filed Mar 26, 2024, the minimum investment XRC Fund V, LLC accepts is $100,000.
Who can invest in XRC Fund V, LLC?
XRC Fund V, 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).
How large is XRC Fund V, LLC?
Its adviser reported $4,252,214 in gross assets on Form ADV filed Mar 26, 2024. Gross assets include borrowed money and are not the same as net assets or performance.
Who manages XRC Fund V, LLC?
XRC Fund V, LLC is advised by Piper Ventures LLC, based in Aiken, SC.