Zhen Fund COV LLC is a venture capital fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Feb 12, 2020, it has sold $18,000,000 of interests since its first sale in Jul 2019. 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 Zhen Advisors, Ltd; Xiao Ping Xu.
- Total raised
- $18,000,000Cumulative sales reported on Form D
- Investors
- 0
- First sale
- Jul 26, 2019
- 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
- Zhen Advisors, Ltd; Xiao Ping Xu
- Latest Form D
- Feb 12, 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 Zhen Fund COV LLC
What is the minimum investment for Zhen Fund COV LLC?
Zhen Fund COV LLC's latest Form D, filed Feb 12, 2020, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Zhen Fund COV LLC?
Zhen Fund COV 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 Zhen Fund COV LLC raised?
Zhen Fund COV LLC reports $18,000,000 sold on its Form D filed Feb 12, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is Zhen Fund COV LLC based?
Zhen Fund COV LLC is based in Grand Cayman, Cayman Islands.
When did Zhen Fund COV LLC launch?
Zhen Fund COV LLC reports its first sale in Jul 2019.
Size compared with every venture capital fund
Raised more than 76% of the 75 venture capital funds based in Cayman Islands, and more than 91% of all 14,865 that report sales.