Private investment funds for qualified purchasers
4,399 U.S. private investment funds rely on Section 3(c)(7) and sell only to qualified purchasers. Largest first.
Fund
First sale
Raised
Investors
Minimum
Offering
Current Asset Fund Ltd.
Wilmington, DE
First saleMar 2013
Raised$323B
Investors1
MinimumNone set
Offering506(b)
Crescent European Specialty Lending Fund III (Cayman - Levered) LP
Los Angeles, CA
First saleDec 2023
Raised$283B
Investors39
MinimumNone set
Offering506(b)
Prime Liquidity Fund LLC
New York, NY
First saleAug 2016
Raised$104B
Investors102
Minimum$10.0M
Offering506(b)
Silchester International Investors International Value Equity Trust
New York, NY506(c)
First saleMay 1995
Raised$29B
Investors864
MinimumNone set
Offering506(c)
Clarion Lion Properties Fund, LP
New York, NY
First saleNov 2000
Raised$22B
Investors993
Minimum$25K
Offering506(b)
Prudential Insurance Co of America Variable Contract Account GI-100
Newark, NJ
First saleSep 1989
Raised$19B
Investors78
MinimumNone set
Offering506(b)
abrdn Institutional Commingled Funds, LLC
Philadelphia, PA
First saleSep 1996
Raised$18B
Investors660
MinimumNone set
Offering506(b)
GMS Managed Portfolios LLC
New York, NY
First saleMar 2006
Raised$17B
Investors6,901
MinimumNone set
Offering506(b)
Sanford C. Bernstein & Co. Delaware Business Trust
Wilmington, DE
First saleSep 1997
Raised$15B
Investors1,608
MinimumNone set
Offering506(b)
KKR Diversified Core Infrastructure Fund (SBS) L.P.
New York, NY
First saleMar 2022
Raised$14B
Investors107
MinimumNone set
Offering506(b)
KKR Diversified Core Infrastructure USD Feeder Fund L.P.
New York, NY
First saleMar 2021
Raised$14B
Investors58
MinimumNone set
Offering506(b)
KKR Diversified Core Infrastructure USD Feeder Fund (A) SCSp
New York, NY
First saleDec 2020
Raised$14B
Investors60
MinimumNone set
Offering506(b)
KKR Diversified Core Infrastructure USD Feeder Fund (B) SCSp
New York, NY
First saleDec 2020
Raised$14B
Investors56
MinimumNone set
Offering506(b)
KKR Diversified Core Infrastructure Master Fund L.P.
New York, NY
First saleJul 2022
Raised$14B
Investors1
MinimumNone set
Offering506(b)
KKR Diversified Core Infrastructure Unhedged Feeder Fund (B) SCSp
New York, NY
First sale—
Raised$14B
Investors0
MinimumNone set
Offering506(b)
KKR Diversified Core Infrastructure GBP Feeder Fund (B) SCSp
New York, NY
First sale—
Raised$14B
Investors4
MinimumNone set
Offering506(b)
KKR Diversified Core Infrastructure Master Fund (B) SCSp
New York, NY
First sale—
Raised$14B
Investors5
MinimumNone set
Offering506(b)
KKR Diversified Core Infrastructure Unhedged Feeder Fund L.P.
New York, NY
First sale—
Raised$14B
Investors0
MinimumNone set
Offering506(b)
KKR Diversified Core Infrastructure AUD Feeder Fund (A) SCSp
New York, NY
First sale—
Raised$14B
Investors0
MinimumNone set
Offering506(b)
KKR Diversified Core Infrastructure CAD Feeder Fund (A) SCSp
New York, NY
First sale—
Raised$14B
Investors6
MinimumNone set
Offering506(b)
KKR Diversified Core Infrastructure EUR Feeder Fund (A) SCSp
New York, NY
First saleSep 2023
Raised$14B
Investors4
MinimumNone set
Offering506(b)
KKR Diversified Core Infrastructure GBP Feeder Fund (A) SCSp
New York, NY
First saleJul 2022
Raised$14B
Investors20
MinimumNone set
Offering506(b)
KKR Diversified Core Infrastructure CAD Feeder Fund (B) SCSp
New York, NY
First sale—
Raised$14B
Investors6
MinimumNone set
Offering506(b)
KKR Diversified Core Infrastructure EUR Feeder Fund (B) SCSp
New York, NY
First sale—
Raised$14B
Investors24
MinimumNone set
Offering506(b)
KKR Diversified Core Infrastructure Master Fund (A) SCSp
New York, NY
First sale—
Raised$14B
Investors5
MinimumNone set
Offering506(b)
KKR Diversified Core Infrastructure AUD Feeder Fund (B) SCSp
New York, NY
First sale—
Raised$14B
Investors3
MinimumNone set
Offering506(b)
KKR Diversified Core Infrastructure Unhedged Feeder Fund (A) SCSp
New York, NY
First sale—
Raised$14B
Investors0
MinimumNone set
Offering506(b)
KKR Diversified Core Infrastructure JPY Feeder Fund (A) SCSp
New York, NY
First sale—
Raised$14B
Investors24
MinimumNone set
Offering506(b)
Brookfield Global Transition Fund II-A, L.P.
New York, NY506(c)
First saleDec 2023
Raised$14B
Investors96
MinimumNone set
Offering506(c)
Marathon-London International Fund of the Marathon-London Group Trust for Employee Benefit Plans
Chicago, IL
First saleOct 1994
Raised$14B
Investors109
Minimum$10.0M
Offering506(b)
Apollo Aligned Alternatives (A), L.P.
New York, NY
First saleApr 2022
Raised$14B
Investors35
Minimum$1
Offering506(b)
Makena Capital Associates US LP
Menlo Park, CA
First saleJun 2006
Raised$13B
Investors596
MinimumNone set
Offering506(b)
Brookfield Super-Core Infrastructure Partners L.P.
New York, NY506(c)
First saleDec 2018
Raised$13B
Investors405
MinimumNone set
Offering506(c)
Ifm Global Infrastructure (US) LP
New York, NY
First saleDec 2008
Raised$13B
Investors245
MinimumNone set
Offering506(b)
Invesco Core Real Estate - U.S.A., L.P.
Dallas, TX506(c)
First saleOct 2004
Raised$13B
Investors306
MinimumNone set
Offering506(c)
Lucid Prime Fund LLC
New York, NY
First saleJul 2018
Raised$12B
Investors62
MinimumNone set
Offering506(b)
Bridgewater Pure Alpha Fund II, LLC
Westport, CT506(c)
First saleJul 2005
Raised$12B
Investors107
MinimumNone set
Offering506(c)
Grosvenor Institutional Partners LP
Chicago, IL
First saleJan 2000
Raised$12B
Investors650
Minimum$5.0M
Offering506(b)
Prisa LP
Newark, NJ
First saleJan 2013
Raised$11B
Investors234
Minimum$500K
Offering506(b)
Colchester Global Bond Fund
New York, NY
First saleSep 2000
Raised$11B
Investors981
MinimumNone set
Offering506(b)
Silchester International Investors International Value Equity Group Trust
New York, NY506(c)
First saleOct 1995
Raised$11B
Investors202
MinimumNone set
Offering506(c)
IR&M Core Bond Fund II LLC
Boston, MA
First saleMar 2010
Raised$11B
Investors285
Minimum$5.0M
Offering506(b)
Silchester International Investors International Value Equity Taxable Trust
New York, NY506(c)
First saleAug 2007
Raised$10B
Investors409
MinimumNone set
Offering506(c)
All Weather Portfolio, LLC
Westport, CT506(c)
First saleAug 2001
Raised$9.7B
Investors82
MinimumNone set
Offering506(c)
Blackstone Property Partners L.P.
New York, NY
First saleNov 2014
Raised$9.0B
Investors98
MinimumNone set
Offering506(b)
Heitman America Real Estate Trust L P
Chicago, IL
First saleJan 2007
Raised$9.0B
Investors153
Minimum$150K
Offering506(b)
CBRE U.S. Core Partners, LP
Atlanta, GA
First saleMay 2013
Raised$8.9B
Investors144
MinimumNone set
Offering506(b)
Kiltearn Global Equity Fund
Pittsburgh, PA506(c)
First saleMay 2011
Raised$8.9B
Investors492
MinimumNone set
Offering506(c)
Willis Towers Watson Group Trust Diversified Equity Fund
Chicago, IL
First saleMar 2018
Raised$8.8B
Investors47
MinimumNone set
Offering506(b)
Vontobel Global Emerging Markets Fund
New York, NY
First saleApr 2007
Raised$8.7B
Investors115
Minimum$5.0M
Offering506(b)
AEW Core Property (U.S.), L.P.
Boston, MA
First saleDec 2021
Raised$8.6B
Investors457
MinimumNone set
Offering506(b)
D. E. Shaw World Alpha Extension Fund, L.L.C.
New York, NY506(c)
First saleJan 2009
Raised$8.5B
Investors62
Minimum$1.0M
Offering506(c)
All Weather@12, LLC
Westport, CT506(c)
First saleJun 2006
Raised$8.3B
Investors53
MinimumNone set
Offering506(c)
Ares Special Opportunities Fund Ill LP
Los Angeles, CA
First saleDec 2024
Raised$8.3B
Investors132
MinimumNone set
Offering506(b)
Blue Owl GP Stakes VI US Investors LP
New York, NY
First saleDec 2023
Raised$8.2B
Investors266
Minimum$100K
Offering506(b)
Blue Owl GP Stakes VI Offshore Investors LP
New York, NY
First saleDec 2023
Raised$8.2B
Investors214
Minimum$100K
Offering506(b)
Blue Owl GP Stakes VI EU Investors SCSp
New York, NY
First saleJun 2024
Raised$8.2B
Investors15
Minimum$500K
Offering506(b)
Ares Pathfinder Core Fund, L.P.
Los Angeles, CA
First saleJul 2021
Raised$8.2B
Investors154
Minimum$2.5M
Offering506(b)
Marathon-London International Investment Trust I
Chicago, IL
First saleJul 1994
Raised$7.9B
Investors281
Minimum$10.0M
Offering506(b)
LaSalle Property Fund, L.P.
Chicago, IL506(c)
First saleNov 2009
Raised$7.9B
Investors113
MinimumNone set
Offering506(c)
Carlyle Property Investors, L.P.
Washington, DC
First saleMay 2016
Raised$7.8B
Investors135
MinimumNone set
Offering506(b)
Commonfund Ocio Global Equity, LLC
Norwalk, CT
First saleJul 2012
Raised$7.7B
Investors144
MinimumNone set
Offering506(b)
Blue Owl Real Estate Fund VII LP
Chicago, IL
First saleJun 2025
Raised$7.7B
Investors270
MinimumNone set
Offering506(b)
Blue Owl Real Estate Fund VII Feeder (C) LP
Chicago, IL
First saleJun 2025
Raised$7.7B
Investors33
MinimumNone set
Offering506(b)
Blue Owl Real Estate Fund VII (Q) LP
Chicago, IL
First saleJun 2025
Raised$7.7B
Investors22
MinimumNone set
Offering506(b)
Blue Owl Real Estate Fund VII (A) LP
Chicago, IL
First saleJun 2025
Raised$7.7B
Investors7
MinimumNone set
Offering506(b)
Pruco Life Variable Contract Account M
Newark, NJ
First saleJan 2001
Raised$7.0B
Investors1,375
MinimumNone set
Offering506(b)
HRTG US, L.P.
Menlo Park, CA
First saleMay 2010
Raised$7.0B
Investors412
MinimumNone set
Offering506(b)
Iif Hedged LP
New York, NY
First saleSep 2018
Raised$6.8B
Investors151
MinimumNone set
Offering506(b)
Apollo Aligned Alternatives (C), L.P.
New York, NY
First saleApr 2022
Raised$6.7B
Investors61
Minimum$1
Offering506(b)
WGI Emerging Markets Fund, LLC.
Park City, UT
First saleNov 2005
Raised$6.4B
Investors253
Minimum$100K
Offering506(b)
WCM Focused International Growth Fund LP
Laguna Beach, CA
First saleJun 2013
Raised$6.4B
Investors177
Minimum$10.0M
Offering506(b)
Blackstone Infrastructure Partners F.2 L.P.
New York, NY
First saleNov 2021
Raised$6.4B
Investors57
MinimumNone set
Offering506(b)
GEM Endowment Fund, LP
Charlotte, NC
First saleFeb 2008
Raised$6.0B
Investors79
MinimumNone set
Offering506(b)
Blackstone Infrastructure Partners L.P.
New York, NY
First saleNov 2021
Raised$6.0B
Investors121
MinimumNone set
Offering506(b)
Invesco Short Duration US Government Securities Fund, a separate series of Superstate Asset Trust
Atlanta, GA506(c)
First saleFeb 2024
Raised$5.9B
Investors114
Minimum$100K
Offering506(c)
SF Overnight Short Term Investment Onshore Fund, LLC
Wilmington, DE
First saleJan 2025
Raised$5.9B
Investors43
Minimum$1K
Offering506(b)
LGIMA Long Duration US Credit Fund, LLC
Chicago, IL
First saleDec 2011
Raised$5.9B
Investors74
Minimum$500K
Offering506(b)
Vintage X (Flagship) Offshore SCSp
New York, NY
First saleAug 2025
Raised$5.8B
Investors1,782
MinimumNone set
Offering506(b)
Belhurst Capital Fund LLC
Boston, MA
First saleDec 2021
Raised$5.7B
Investors1,921
Minimum$1.0M
Offering506(b)
Willis Towers Watson Group Trust Diversified Credit Fund
Chicago, IL
First saleMar 2018
Raised$5.4B
Investors79
MinimumNone set
Offering506(b)
Mondrian International Equity Value Opportunities Fund, L.P.
Wilmington, DE
First saleMay 1999
Raised$5.4B
Investors202
MinimumNone set
Offering506(b)
Ares Pathfinder Fund III (Offshore) LP
Los Angeles, CA
First saleApr 2026
Raised$5.3B
Investors118
MinimumNone set
Offering506(b)
BlackRock USD Institutional Digital Liquidity Fund Ltd.
New York, NY506(c)
First saleMar 2024
Raised$5.1B
Investors28
Minimum$100K
Offering506(c)
GQG Partners Emerging Markets Equity Fund - GQG Partners Series LLC
Fort Lauderdale, FL
First saleJul 2016
Raised$5.0B
Investors375
MinimumNone set
Offering506(b)
LSV Emerging Markets Equity Fund, LP
Chicago, IL
First saleOct 2005
Raised$4.9B
Investors86
MinimumNone set
Offering506(b)
GQG Partners Global Equity Fund - GQG Partners Series LLC
Fort Lauderdale, FL
First saleJul 2016
Raised$4.9B
Investors355
MinimumNone set
Offering506(b)
IR&M Short Fund LLC
Boston, MA
First saleMay 2011
Raised$4.9B
Investors105
Minimum$5.0M
Offering506(b)
Principal Enhanced Property Fund, L.P.
Des Moines, IA506(c)
First saleMay 2004
Raised$4.9B
Investors170
MinimumNone set
Offering506(c)
Dragoneer Global Offshore Feeder II, L.P.
San Francisco, CA
First saleJun 2014
Raised$4.8B
Investors109
MinimumNone set
Offering506(b)
Brookfield Premier Real Estate Partners L.P.
New York, NY
First saleNov 2016
Raised$4.7B
Investors158
MinimumNone set
Offering506(b)
Trumbull Property Income Fund LP
Hartford, CT
First saleFeb 2008
Raised$4.7B
Investors170
MinimumNone set
Offering506(b)
Blackstone Infrastructure Strategies L.P.
New York, NY
First saleJan 2025
Raised$4.7B
Investors11,569
MinimumNone set
Offering506(b)
Blackstone Infrastructure Strategies (TE) L.P.
New York, NY
First saleJan 2025
Raised$4.7B
Investors5,922
MinimumNone set
Offering506(b)
Brookfield Infrastructure Debt Fund IV-S LP
New York, NY506(c)
First saleSep 2025
Raised$4.7B
Investors5
MinimumNone set
Offering506(c)
WTW Diversified Credit Fund, L.P.
Chicago, IL
First saleApr 2025
Raised$4.7B
Investors74
MinimumNone set
Offering506(b)
Ullico Infrastructure Tax-Exempt Fund, L.P.
Silver Spring, MD506(c)
First saleApr 2012
Raised$4.6B
Investors289
Minimum$1.0M
Offering506(c)
MacKay Municipal Credit Opportunities Fund, L.P.
New York, NY
First saleMar 2009
Raised$4.6B
Investors2,349
Minimum$1.0M
Offering506(b)
Cantillon Global Equity LP
New York, NY
First saleJul 2005
Raised$4.6B
Investors414
MinimumNone set
Offering506(b)
GQG Partners International Equity Fund - GQG Partners Series LLC
Fort Lauderdale, FL
First saleJul 2016
Raised$4.5B
Investors264
MinimumNone set
Offering506(b)
Acadian Emerging Markets Equity Fund
Boston, MA
First saleOct 2003
Raised$4.5B
Investors181
Minimum$1.0M
Offering506(b)
Blackstone Infrastructure Partners - V Feeder L.P.
New York, NY
First saleDec 2021
Raised$4.4B
Investors120
MinimumNone set
Offering506(b)
Invesco U.S. Income Fund, L.P.
Dallas, TX506(c)
First saleNov 2013
Raised$4.4B
Investors75
MinimumNone set
Offering506(c)
FEG Select LLC
Cincinnati, OH
First saleJun 2018
Raised$4.3B
Investors103
Minimum$1.0M
Offering506(b)
Makena Capital Splitter X LP
Menlo Park, CA
First saleJan 2009
Raised$4.2B
Investors107
MinimumNone set
Offering506(b)
PGIM Core Conservative Bond Fund of the Prudential Trust Co Institutional Business Trust
Scranton, PA
First saleFeb 2017
Raised$4.2B
Investors8
MinimumNone set
Offering506(b)
Vintage X (Flagship) LP
New York, NY
First saleAug 2025
Raised$4.2B
Investors1,726
MinimumNone set
Offering506(b)
Invesco Fixed Income Trust - Invesco Intermediate Fund
Atlanta, GA
First saleJul 2012
Raised$4.2B
Investors2
Minimum$1.0M
Offering506(b)
Willis Towers Watson Group Trust Global Equity Focus Fund
Chicago, IL
First saleMar 2018
Raised$4.2B
Investors7
MinimumNone set
Offering506(b)
PGIM Retirement Real Estate Fund II LP
Newark, NJ
First saleJun 2019
Raised$4.1B
Investors41
MinimumNone set
Offering506(b)
Mondrian Emerging Markets Equity Fund LP
Wilmington, DE
First saleJan 2005
Raised$4.1B
Investors128
MinimumNone set
Offering506(b)
Acadian International Small Cap Fund
Boston, MA
First saleJul 2003
Raised$4.1B
Investors240
Minimum$1.0M
Offering506(b)
Brookfield Infrastructure Debt Fund IV LP
New York, NY506(c)
First saleDec 2024
Raised$4.0B
Investors17
MinimumNone set
Offering506(c)
WMQS Global Equity Active Extension Onshore Fund LP
New York, NY
First saleMay 2018
Raised$4.0B
Investors86
MinimumNone set
Offering506(b)
Belnova Capital Fund LLC
Boston, MA
First saleSep 2024
Raised$4.0B
Investors1,534
Minimum$1.0M
Offering506(b)
Acadian Emerging Markets Equity II Fund, LLC
Boston, MA
First saleApr 2009
Raised$3.9B
Investors124
Minimum$1.0M
Offering506(b)
Willis Towers Watson Group Trust Real Assets Fund
Chicago, IL
First saleAug 2018
Raised$3.9B
Investors62
MinimumNone set
Offering506(b)
Vontobel India Fund
New York, NY
First saleMar 2012
Raised$3.8B
Investors41
Minimum$100K
Offering506(b)
Brandes Institutional Equity Trust
La Jolla, CA
First saleDec 1995
Raised$3.8B
Investors642
MinimumNone set
Offering506(b)
Highclere International Investors SMID Fund
Westport, CT
First saleJan 2009
Raised$3.7B
Investors293
MinimumNone set
Offering506(b)
Blackstone Property Partners Europe L.P.
New York, NY
First saleNov 2017
Raised$3.7B
Investors69
MinimumNone set
Offering506(b)
Iif Erisa Hedged LP
New York, NY
First saleJan 2019
Raised$3.7B
Investors161
MinimumNone set
Offering506(b)
Core Bond Fund
Seattle, WA
First saleJul 2008
Raised$3.6B
Investors27
MinimumNone set
Offering506(b)
Blackstone Property Partners F.1 L.P.
New York, NY
First saleMar 2015
Raised$3.6B
Investors81
MinimumNone set
Offering506(b)
BlackRock Appreciation Strategy Fund, LLC
Seattle, WA
First saleApr 2002
Raised$3.6B
Investors472
MinimumNone set
Offering506(b)
PGIM Real Estate U.S. Debt Fund, L.P.
New York, NY
First saleJul 2017
Raised$3.6B
Investors149
Minimum$5.0M
Offering506(b)
Pacific Asset Management Bank Loan Fund L.P.
Newport Beach, CA506(c)
First saleMay 2014
Raised$3.6B
Investors138
Minimum$50K
Offering506(c)
EP Absolute Return Strategies L.P.
New York, NY
First saleAug 2009
Raised$3.5B
Investors320
MinimumNone set
Offering506(b)
Mackay Municipal Opportunities Fund LP
New York, NY
First saleApr 2008
Raised$3.5B
Investors2,180
Minimum$1.0M
Offering506(b)
AxInfra US LP
New York, NY
First saleNov 2012
Raised$3.5B
Investors10
MinimumNone set
Offering506(b)
Highclere International Investors Smaller Companies Fund
Westport, CT
First saleJun 2006
Raised$3.5B
Investors320
MinimumNone set
Offering506(b)
D. E. Shaw U.S. Broad Market Core Alpha Extension Fund, L.L.C.
New York, NY506(c)
First saleMay 2007
Raised$3.4B
Investors88
Minimum$1.0M
Offering506(c)
Makena Perpetual Private Equity Fund, L.P.
Menlo Park, CA
First saleJul 2017
Raised$3.4B
Investors188
MinimumNone set
Offering506(b)
Balanced-Risk Allocation Fund of the Invesco Institutional Trust
Atlanta, GA
First saleJun 2012
Raised$3.4B
Investors44
Minimum$5.0M
Offering506(b)
Makena Capital Splitter B L P
Menlo Park, CA
First saleMar 2006
Raised$3.4B
Investors10
MinimumNone set
Offering506(b)
Bridgewater All Weather Portfolio II@15, LLC
Westport, CT506(c)
First saleOct 2019
Raised$3.4B
Investors4
MinimumNone set
Offering506(c)
WTW Real Assets Fund, L.P.
Chicago, IL
First saleJul 2025
Raised$3.3B
Investors60
MinimumNone set
Offering506(b)
Bain Capital Senior Loan Fund, L.P.
Boston, MA
First saleFeb 2009
Raised$3.3B
Investors303
MinimumNone set
Offering506(b)
Exchange Place: All Cap II LP
New York, NY
First saleAug 2024
Raised$3.3B
Investors1,370
MinimumNone set
Offering506(b)
Corporate Credit Investment Strategies LLC
New York, NY
First saleMar 2009
Raised$3.3B
Investors2,537
MinimumNone set
Offering506(b)
Independent Franchise Partners Global Equity, L.P.
Chicago, IL
First saleOct 2010
Raised$3.3B
Investors148
Minimum$3.0M
Offering506(b)
Columbus Unconstrained Bond Fund, LLC
Indianapolis, IN
First saleAug 2006
Raised$3.3B
Investors37
Minimum$1.0M
Offering506(b)
Acadian Global Managed Volatility Equity Fund, LLC
Boston, MA
First saleJun 2008
Raised$3.2B
Investors152
Minimum$1.0M
Offering506(b)
US Eagle Real Estate Feeder 1, LP
San Antonio, TX
First saleJan 2013
Raised$3.2B
Investors73
MinimumNone set
Offering506(b)
TCW Securitized Opportunities, L.P.
Los Angeles, CA
First saleNov 2011
Raised$3.2B
Investors23
Minimum$1.0M
Offering506(b)
Ares Pathfinder Fund III LP
Los Angeles, CA
First saleApr 2026
Raised$3.2B
Investors56
MinimumNone set
Offering506(b)
Mondrian International Small Cap Equity Fund L P
Wilmington, DE
First saleDec 2005
Raised$3.2B
Investors161
MinimumNone set
Offering506(b)
Protective COLI PPVUL
Birmingham, AL
First saleFeb 2021
Raised$3.1B
Investors92
MinimumNone set
Offering506(b)
Legal & General Russell 1000 Fund, LLC
Chicago, IL
First saleFeb 2016
Raised$3.1B
Investors4
Minimum$500K
Offering506(b)
HRTG Cayman, L.P.
Menlo Park, CA
First saleJun 2016
Raised$3.1B
Investors117
Minimum$100K
Offering506(b)
WTW Global Equity Focus Fund, LLC
Chicago, IL
First saleJun 2025
Raised$3.1B
Investors6
MinimumNone set
Offering506(b)
Clarion Gables Multifamily Trust, L.P.
New York, NY
First saleFeb 2015
Raised$3.1B
Investors82
MinimumNone set
Offering506(b)
StepStone Secondary Opportunities Fund VI, L.P.
La Jolla, CA
First saleMar 2026
Raised$3.1B
Investors12
MinimumNone set
Offering506(b)
StepStone Secondary Opportunities Fund VI Offshore, L.P.
La Jolla, CA
First saleMar 2026
Raised$3.1B
Investors62
MinimumNone set
Offering506(b)
Jasper Ridge Diversified, LP
Fort Worth, TX
First saleJan 2008
Raised$3.1B
Investors308
Minimum$10.0M
Offering506(b)
Intech U.S. Large Cap Growth Fund LLC
West Palm Beach, FL
First saleJul 2003
Raised$3.1B
Investors250
Minimum$5.0M
Offering506(b)
Primus High Yield Bond Fund, L.P.
New York, NY
First saleFeb 1999
Raised$3.1B
Investors241
MinimumNone set
Offering506(b)
Jasper Ridge Diversified (Tax Exempt), L.P.
Fort Worth, TX
First saleJun 2014
Raised$3.1B
Investors46
Minimum$10.0M
Offering506(b)
CBRE U.S. Logistics Partners, LP
New York, NY
First saleSep 2021
Raised$3.0B
Investors40
MinimumNone set
Offering506(b)
MSD Hospitality Partners, LP
New York, NY
First saleAug 2022
Raised$3.0B
Investors227
MinimumNone set
Offering506(b)
Willis Towers Watson Group Trust Long Credit Fund
Chicago, IL
First saleMar 2018
Raised$3.0B
Investors42
MinimumNone set
Offering506(b)
Iif LP
New York, NY
First saleOct 2006
Raised$3.0B
Investors252
MinimumNone set
Offering506(b)
KKR US Direct Lending Fund SCSp
San Francisco, CA
First saleAug 2023
Raised$3.0B
Investors9
MinimumNone set
Offering506(b)
Mesa West Core Lending Fund, L.P.
Los Angeles, CA
First saleDec 2012
Raised$3.0B
Investors79
Minimum$1.0M
Offering506(b)
PGIM Core Plus Bond Fund of the Prudential Trust Co Institutional Business Trust
Scranton, PA
First saleSep 2016
Raised$3.0B
Investors46
MinimumNone set
Offering506(b)
Legal & General MSCI EAFE Fund, LLC
Chicago, IL
First saleApr 2016
Raised$2.9B
Investors24
Minimum$500K
Offering506(b)
Bridgewater Pure Alpha Fund VI, LLC
Westport, CT506(c)
First saleDec 2010
Raised$2.9B
Investors72
MinimumNone set
Offering506(c)
Cape Ann Global Developing Markets Fund
Marlborough, MA
First saleDec 2015
Raised$2.9B
Investors221
MinimumNone set
Offering506(b)
Makena Capital U.S. L P
Menlo Park, CA
First saleMar 2006
Raised$2.8B
Investors4
MinimumNone set
Offering506(b)
BW CCPRS-PA Fund, LLC
Westport, CT506(c)
First saleSep 2026
Raised$2.8B
Investors2
MinimumNone set
Offering506(c)
Monroe Capital Private Credit (Delaware) Feeder Fund V LP
Chicago, IL
First saleOct 2023
Raised$2.8B
Investors193
MinimumNone set
Offering506(b)
Monroe Capital Private Credit (Delaware) Feeder Fund V (Unleveraged) LP
Chicago, IL
First saleSep 2024
Raised$2.8B
Investors193
MinimumNone set
Offering506(b)
Monroe Capital Private Credit Feeder Fund V (Unleveraged) Structured Note LP
Chicago, IL
First saleApr 2023
Raised$2.8B
Investors193
MinimumNone set
Offering506(b)
KKR Global Credit Opportunities Fund (Overseas) L.P.
San Francisco, CA
First saleAug 2016
Raised$2.8B
Investors114
Minimum$100K
Offering506(b)
HRTG Uste, L.P.
Menlo Park, CA
First saleOct 2010
Raised$2.8B
Investors52
MinimumNone set
Offering506(b)
Bgo Diversified US Property Fund LP
Bethesda, MD506(c)
First saleMar 2013
Raised$2.7B
Investors82
MinimumNone set
Offering506(c)
Legal & General MSCI World Ex USA Fund, LLC
Chicago, IL
First saleApr 2016
Raised$2.7B
Investors10
Minimum$500K
Offering506(b)
Fixed Income Plus Portfolio LP
San Francisco, CA
First saleJul 2023
Raised$2.7B
Investors228
MinimumNone set
Offering506(b)
IFM Global Infrastructure (Offshore), L.P.
New York, NY
First saleMar 2012
Raised$2.7B
Investors152
MinimumNone set
Offering506(b)
Commonfund Global Absolute Alpha Co
Norwalk, CT
First saleDec 2007
Raised$2.6B
Investors189
Minimum$1.0M
Offering506(b)
Iif Cayman 1 Hedged LTD.
New York, NY
First saleSep 2018
Raised$2.6B
Investors148
MinimumNone set
Offering506(b)
Catalytic Transition Fund, L.P.
New York, NY506(c)
First saleSep 2024
Raised$2.6B
Investors14
MinimumNone set
Offering506(c)
Pointer (QP), L. P.
Chattanooga, TN
First saleJan 2003
Raised$2.6B
Investors267
Minimum$100K
Offering506(b)
Mondrian All Countries World Ex US Equity Fund LP
Wilmington, DE
First saleAug 2005
Raised$2.6B
Investors62
MinimumNone set
Offering506(b)
Blackstone Property Partners F.2 L.P.
New York, NY
First saleNov 2014
Raised$2.6B
Investors44
MinimumNone set
Offering506(b)
Dragoneer Global Fund II, L.P.
San Francisco, CA
First saleJun 2014
Raised$2.5B
Investors122
MinimumNone set
Offering506(b)
EP Hedged Equity Strategies L.P.
New York, NY
First saleAug 2008
Raised$2.5B
Investors376
MinimumNone set
Offering506(b)
Bridgewater Pure Alpha Fund V, LLC
Westport, CT506(c)
First saleNov 2010
Raised$2.5B
Investors34
MinimumNone set
Offering506(c)
U.S. Real Estate Income & Growth Domestic, LP
New York, NY
First saleDec 2001
Raised$2.5B
Investors526
Minimum$10.0M
Offering506(b)
Hardman Johnston International Equity Group Trust
Stamford, CT
First saleNov 2008
Raised$2.5B
Investors125
MinimumNone set
Offering506(b)
NIS Core Fixed Income QP Fund, LLC
Milwaukee, WI
First saleJul 2018
Raised$2.5B
Investors51
Minimum$1.0M
Offering506(b)
Global Opportunities LLC
New York, NY
First saleApr 2001
Raised$2.5B
Investors1,334
MinimumNone set
Offering506(b)
US Government Building Open-End Feeder LP
San Antonio, TX
First saleJun 2019
Raised$2.5B
Investors68
MinimumNone set
Offering506(b)
American Rivers Fund, LLC
Metairie, LA
First saleDec 2018
Raised$2.5B
Investors729
MinimumNone set
Offering506(b)
Fiam Broad Market Duration Fund, LLC
Smithfield, RI
First saleJun 2004
Raised$2.4B
Investors5
MinimumNone set
Offering506(b)
Acadian All Country World Ex US Fund
Boston, MA
First saleApr 2005
Raised$2.4B
Investors77
Minimum$1.0M
Offering506(b)
West Street Capital Partners IX LP
New York, NY
First saleJul 2024
Raised$2.4B
Investors980
MinimumNone set
Offering506(b)
Seaport Global Property Securities Fund, L.P.
Boston, MA
First saleAug 2005
Raised$2.4B
Investors233
Minimum$1.0M
Offering506(b)
Ares Real Estate Enhanced Income Fund, L.P.
Los Angeles, CA
First saleDec 2018
Raised$2.4B
Investors52
MinimumNone set
Offering506(b)
PGIM Long Duration Government/Credit Conservative Bond Fund of the Prudential Trust Co Institutional Business Trust
Scranton, PA
First saleApr 2017
Raised$2.4B
Investors7
MinimumNone set
Offering506(b)
IR&M Long Government/Credit Fund LLC
Boston, MA
First saleNov 2014
Raised$2.4B
Investors61
Minimum$5.0M
Offering506(b)
Columbus Core Plus Bond Fund, LLC
Indianapolis, IN
First saleMay 2014
Raised$2.3B
Investors30
Minimum$1.0M
Offering506(b)
Audax Senior Loan Fund I, L.P.
New York, NY
First saleSep 2007
Raised$2.3B
Investors1,461
MinimumNone set
Offering506(b)
Realterm Logistics Income Fund, L.P.
Annapolis, MD
First saleSep 2017
Raised$2.3B
Investors32
MinimumNone set
Offering506(b)
Realterm Logistics Income Qfpf Fund, L.P.
Annapolis, MD
First saleApr 2021
Raised$2.3B
Investors2
MinimumNone set
Offering506(b)
KKR Global Credit Opportunities Fund L.P.
San Francisco, CA
First saleJun 2016
Raised$2.3B
Investors87
Minimum$1
Offering506(b)
Ares US Real Estate Fund XI, L.P.
Los Angeles, CA
First saleDec 2024
Raised$2.3B
Investors61
MinimumNone set
Offering506(b)
Acadian Emerging Markets Small-Cap Equity Fund, LLC
Boston, MA
First saleOct 2011
Raised$2.3B
Investors141
Minimum$1.0M
Offering506(b)
LSV International Value Equity Trust
Chicago, IL
First saleApr 2004
Raised$2.2B
Investors73
MinimumNone set
Offering506(b)
Emerging Markets Country Fund
Greenville, DE
First saleMar 2008
Raised$2.2B
Investors206
MinimumNone set
Offering506(b)
Ownership Capital Global Equity (USD) Fund, L.P.
Wilmington, DE
First saleJun 2016
Raised$2.2B
Investors126
Minimum$100M
Offering506(b)
U.S. Cities Multifamily Fund LP
New York, NY506(c)
First saleFeb 2019
Raised$2.2B
Investors21
MinimumNone set
Offering506(c)
Par Investment Partners LP
Boston, MA
First saleJul 1990
Raised$2.2B
Investors280
Minimum$1.0M
Offering506(b)
Bridgewater All Weather Portfolio II, LLC
Westport, CT506(c)
First saleMay 2012
Raised$2.2B
Investors11
MinimumNone set
Offering506(c)
Greystar Student Housing Growth & Income Fund, LP
Charleston, SC
First saleJun 2018
Raised$2.2B
Investors26
MinimumNone set
Offering506(b)
Prisa Pf LP
Newark, NJ
First saleJun 2022
Raised$2.2B
Investors52
Minimum$100K
Offering506(b)
Blackstone Infrastructure Partners F.1 L.P.
New York, NY
First saleNov 2021
Raised$2.2B
Investors100
MinimumNone set
Offering506(b)
Neuberger Berman High Income Fund LLC
Chicago, IL
First saleAug 1998
Raised$2.2B
Investors82
Minimum$20.0M
Offering506(b)
Guggenheim Investments Private Debt Fund IV-A, L.P.
New York, NY
First saleMay 2024
Raised$2.2B
Investors7
MinimumNone set
Offering506(b)
U.S. Large Cap 130/30 Fund, LLC
New York, NY
First saleApr 2005
Raised$2.2B
Investors49
Minimum$5.0M
Offering506(b)
Global Equity Long-Only Fund LP
New York, NY
First saleSep 2013
Raised$2.2B
Investors66
Minimum$5.0M
Offering506(b)
Corient Private Access, LP
Cleveland, OH
First saleOct 2023
Raised$2.2B
Investors2,169
MinimumNone set
Offering506(b)
Core Property Index Fund, LLC
Independence, OH506(c)
First saleApr 2022
Raised$2.2B
Investors38
MinimumNone set
Offering506(c)
Bain Capital Global Direct Lending Fund (U) I RN, L.P.
Boston, MA
First saleSep 2024
Raised$2.2B
Investors27
MinimumNone set
Offering506(b)
Silchester International Investors International Value Equity Exclusion Trust
New York, NY506(c)
First saleSep 2022
Raised$2.2B
Investors83
MinimumNone set
Offering506(c)
GEM Growth Fund, LP
Charlotte, NC
First saleNov 2007
Raised$2.1B
Investors56
MinimumNone set
Offering506(b)
Tactical Tilt Overlay LLC
New York, NY
First saleApr 2012
Raised$2.1B
Investors2,001
MinimumNone set
Offering506(b)
Invesco Commercial Mortgage Income - U.S. Fund, L.P.
Dallas, TX506(c)
First saleSep 2017
Raised$2.1B
Investors36
MinimumNone set
Offering506(c)
KKR Real Estate Partners Americas IV SCSp
New York, NY
First saleDec 2023
Raised$2.1B
Investors27
MinimumNone set
Offering506(b)
KKR Real Estate Partners Americas IV Feeder SCSp
New York, NY
First saleDec 2023
Raised$2.1B
Investors8
MinimumNone set
Offering506(b)
KKR Real Estate Partners Americas IV Private Investors (Direct) L.P.
New York, NY
First saleDec 2023
Raised$2.1B
Investors1
MinimumNone set
Offering506(b)
MacKay Municipal Short Term Opportunities Fund, L.P.
New York, NY
First saleMar 2011
Raised$2.1B
Investors176
Minimum$250K
Offering506(b)
Tolleson US Equity, LP
Dallas, TX
First saleAug 2007
Raised$2.1B
Investors602
MinimumNone set
Offering506(b)
IR&M Intermediate Credit Fund LLC
Boston, MA
First saleSep 2015
Raised$2.1B
Investors40
Minimum$5.0M
Offering506(b)
Tolleson Core Bond, LP
Dallas, TX
First saleFeb 2009
Raised$2.1B
Investors664
MinimumNone set
Offering506(b)
Redwood Drawdown Domestic Fund IV, L.P.
New York, NY
First saleMay 2025
Raised$2.1B
Investors55
Minimum$100K
Offering506(b)
Redwood Drawdown Offshore Fund IV, L.P.
New York, NY
First saleMay 2025
Raised$2.1B
Investors97
Minimum$200K
Offering506(b)
KKR US Direct Lending (EEA) Feeder SCSp
San Francisco, CA
First saleAug 2023
Raised$2.1B
Investors53
MinimumNone set
Offering506(b)
Hines U.S. Property Partners LP
Houston, TX506(c)
First saleNov 2020
Raised$2.1B
Investors17
MinimumNone set
Offering506(c)
Blue Owl Asset Income Fund Evergreen LP
New York, NY
First saleNov 2021
Raised$2.1B
Investors116
Minimum$10.0M
Offering506(b)
D. E. Shaw All Country Global Alpha Extension Fund, L.L.C.
New York, NY506(c)
First saleJan 2013
Raised$2.1B
Investors44
Minimum$1.0M
Offering506(c)
TCW Securitized Opportunities (Cayman), L.P.
Los Angeles, CA
First saleNov 2011
Raised$2.1B
Investors10
Minimum$1.0M
Offering506(b)
Princeton Fund LLC
New York, NY
First saleJul 2005
Raised$2.0B
Investors1,015
MinimumNone set
Offering506(b)
Grove Funding VI LLC
Chicago, IL
First saleAug 2026
Raised$2.0B
Investors2
MinimumNone set
Offering506(b)
HPS Strategic Investment Partners VI, L.P.
New York, NY
First saleFeb 2025
Raised$2.0B
Investors37
MinimumNone set
Offering506(b)
Acadian International All Cap Fund
Boston, MA
First saleNov 2004
Raised$2.0B
Investors97
Minimum$1.0M
Offering506(b)
Global Alpha International Small Cap Fund LP
Weston, CT
First saleMar 2018
Raised$2.0B
Investors70
Minimum$1.0M
Offering506(b)
PRISA III Fund LP
Newark, NJ
First saleDec 2022
Raised$2.0B
Investors37
MinimumNone set
Offering506(b)
Core Property Index Trust
Independence, OH506(c)
First saleApr 2022
Raised$2.0B
Investors7
MinimumNone set
Offering506(c)
Commonfund Multi-Strategy Equity Investors, LLC
Norwalk, CT
First saleAug 2007
Raised$2.0B
Investors70
Minimum$100K
Offering506(b)
Intech U.S. Enhanced Plus Fund LLC
West Palm Beach, FL
First saleMar 2004
Raised$1.9B
Investors83
Minimum$5.0M
Offering506(b)
American Strategic Value Realty Fund, LP
Los Angeles, CA
First saleDec 2008
Raised$1.9B
Investors121
Minimum$1.0M
Offering506(b)
Brookfield Middle East Partners L.P.
New York, NY506(c)
First saleJun 2024
Raised$1.9B
Investors13
MinimumNone set
Offering506(c)
Prisa II LP
Newark, NJ
First saleJan 2018
Raised$1.9B
Investors51
Minimum$1.0M
Offering506(b)
Arbour Lane Credit Opportunity Fund IV, L.P.
Stamford, CT
First saleDec 2024
Raised$1.9B
Investors133
MinimumNone set
Offering506(b)
Shorecliff Pacific Founder Fund LP
Newport Beach, CA
First saleSep 2025
Raised$1.9B
Investors1
MinimumNone set
Offering506(b)
Atlas Point Energy Infrastructure Fund, LLC
Atlanta, GA
First saleJan 2007
Raised$1.9B
Investors1,479
Minimum$500K
Offering506(b)
Makena Perpetual Venture Capital Fund, L.P.
Menlo Park, CA
First saleJul 2017
Raised$1.9B
Investors351
MinimumNone set
Offering506(b)
Blackstone Multi-Asset Credit Fund (Delaware) LP
New York, NY
First saleDec 2023
Raised$1.9B
Investors41
MinimumNone set
Offering506(b)
Blackstone Multi-Asset Credit Fund (Cayman) 1-B LP
New York, NY
First saleDec 2023
Raised$1.9B
Investors41
MinimumNone set
Offering506(b)
TACS: Non-US Equity Core (Market Continuous) LLC
New York, NY
First saleMar 2008
Raised$1.9B
Investors1,027
MinimumNone set
Offering506(b)
Blackstone Property Partners Europe F L.P.
New York, NY
First saleNov 2017
Raised$1.9B
Investors23
MinimumNone set
Offering506(b)
Multi-Asset Core Plus Fund
Seattle, WA
First saleFeb 2013
Raised$1.8B
Investors14
MinimumNone set
Offering506(b)
Emerging Markets Portfolio LP
San Francisco, CA
First saleDec 2019
Raised$1.8B
Investors373
MinimumNone set
Offering506(b)
Fixed Income Plus Feeder Portfolio LP
San Francisco, CA
First saleJul 2023
Raised$1.8B
Investors99
MinimumNone set
Offering506(b)
King Street Opportunistic Credit Evergreen Fund, L.P.
New York, NY
First saleJan 2023
Raised$1.8B
Investors7
MinimumNone set
Offering506(b)
Bain Capital Special Situations Asia III, L.P.
Boston, MA
First saleAug 2025
Raised$1.8B
Investors117
MinimumNone set
Offering506(b)
Kabouter International Opportunities Fund II, LLC
Chicago, IL
First saleFeb 2013
Raised$1.8B
Investors529
Minimum$500K
Offering506(b)
Oaktree Direct Lending Evergreen Fund, L.P.
Los Angeles, CA506(c)
First saleOct 2025
Raised$1.8B
Investors1
MinimumNone set
Offering506(c)
Oaktree Direct Lending Evergreen Fund Feeder, L.P.
Los Angeles, CA506(c)
First saleOct 2025
Raised$1.8B
Investors14
MinimumNone set
Offering506(c)
U.S. Cities Industrial Fund LP
New York, NY506(c)
First saleFeb 2020
Raised$1.8B
Investors36
MinimumNone set
Offering506(c)
Berkshire Multifamily Credit Fund IV, L.P.
Boston, MA
First saleDec 2024
Raised$1.8B
Investors39
MinimumNone set
Offering506(b)
LMI Partners, LLC
New York, NY
First saleMay 2021
Raised$1.8B
Investors9
MinimumNone set
Offering506(b)
Atlantic Park Strategic Capital Fund III (Offshore), L.P.
New York, NY
First saleJun 2025
Raised$1.8B
Investors55
Minimum$1
Offering506(b)
Benefit Street Partners Real Estate Opportunistic Debt Fund II L.P.
New York, NY
First saleJul 2023
Raised$1.8B
Investors98
MinimumNone set
Offering506(b)
Acacia Partners, L.P.
New York, NY
First saleJun 1996
Raised$1.7B
Investors364
MinimumNone set
Offering506(b)
Hudson Edge Trinity Street International Equity Fund, LP
Jersey City, NJ
First saleFeb 2011
Raised$1.7B
Investors90
Minimum$1.0M
Offering506(b)
PGIM Real Estate U.S. Core Debt Fund, L.P.
Newark, NJ
First saleApr 2021
Raised$1.7B
Investors14
Minimum$5.0M
Offering506(b)
Hedge Fund Opportunities LLC
New York, NY
First saleJan 2006
Raised$1.7B
Investors1,001
MinimumNone set
Offering506(b)
Chestnut Asset Administration LP
San Francisco, CA
First saleJun 2025
Raised$1.7B
Investors1
MinimumNone set
Offering506(b)
Eig Senior Infrastructure Debt Fund VI, L.P.
Washington, DC
First saleJul 2024
Raised$1.7B
Investors13
MinimumNone set
Offering506(b)
Eig Senior Infrastructure Debt Fund VI-A, L.P.
Washington, DC
First saleJul 2024
Raised$1.7B
Investors27
MinimumNone set
Offering506(b)
Apollo Credit Strategies Fund LP
New York, NY
First saleFeb 2011
Raised$1.7B
Investors62
MinimumNone set
Offering506(b)
Wilshire Solutions Funds Trust
Santa Monica, CA
First saleOct 2012
Raised$1.7B
Investors25
Minimum$5.0M
Offering506(b)
GEM Liquid Markets Fund A, LP
Charlotte, NC
First saleJan 2011
Raised$1.7B
Investors57
MinimumNone set
Offering506(b)
Blue Owl Diversified Lending 2020 Fund LP
New York, NY
First saleMar 2021
Raised$1.7B
Investors123
MinimumNone set
Offering506(b)
KKR European Direct Lending Fund SCSp
San Francisco, CA
First saleAug 2023
Raised$1.7B
Investors2
MinimumNone set
Offering506(b)
Tolleson International Equity, LP
Dallas, TX
First saleApr 2007
Raised$1.7B
Investors564
MinimumNone set
Offering506(b)
Thornburg International Equity Fund (Q.P.) LLC
Santa Fe, NM
First saleJan 2006
Raised$1.6B
Investors100
Minimum$2.0M
Offering506(b)
Protective COLI PPVUL SV
Birmingham, AL
First saleAug 2024
Raised$1.6B
Investors7
MinimumNone set
Offering506(b)
Colchester Local Markets Debt Fund
New York, NY
First saleDec 2008
Raised$1.6B
Investors191
MinimumNone set
Offering506(b)
KKR European Direct Lending (EEA) Feeder SCSp
San Francisco, CA
First saleAug 2023
Raised$1.6B
Investors49
MinimumNone set
Offering506(b)
Cerberus SFR Opportunistic QF Partners, L.P.
New York, NY
First saleDec 2020
Raised$1.6B
Investors3
MinimumNone set
Offering506(b)
AllianceBernstein Institutional Fund
Wilmington, DE
First saleOct 2004
Raised$1.6B
Investors111
MinimumNone set
Offering506(b)
Adams Street Global Secondary Fund 8 LP
Chicago, IL
First saleSep 2024
Raised$1.6B
Investors25
MinimumNone set
Offering506(b)
Wellington: NON-US EQUITY LLC
New York, NY
First saleJul 2007
Raised$1.6B
Investors1,134
MinimumNone set
Offering506(b)
MacKay Municipal Opportunities HL Fund, LP
New York, NY
First saleMar 2017
Raised$1.6B
Investors2,015
Minimum$250K
Offering506(b)
Acacia Conservation Fund LP
New York, NY
First saleApr 2007
Raised$1.6B
Investors351
MinimumNone set
Offering506(b)
MacKay Municipal Credit Opportunities HL Fund, L.P.
New York, NY
First saleJan 2017
Raised$1.6B
Investors2,040
Minimum$250K
Offering506(b)
TCW Steel City Unlevered Private Fund LP
Los Angeles, CA
First saleFeb 2025
Raised$1.6B
Investors24
MinimumNone set
Offering506(b)