AV CIO Select Fund 5 LLC is a venture capital fund based in Boston, Massachusetts. According to its most recent Form D, filed Mar 3, 2025, it has sold $179,494 of interests to 6 investors since its first sale in Feb 2025. The minimum investment it accepts from an outside investor is $10,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Michael Collins.
- Total raised
- $179,494Cumulative sales reported on Form D
- Investors
- 6
- First sale
- Feb 28, 2025
- Minimum investment
- $10,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Michael Collins
- Latest Form D
- Mar 3, 2025
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 AV CIO Select Fund 5 LLC
What is the minimum investment for AV CIO Select Fund 5 LLC?
According to its latest Form D, filed Mar 3, 2025, the minimum investment AV CIO Select Fund 5 LLC accepts from an outside investor is $10,000.
Who can invest in AV CIO Select Fund 5 LLC?
AV CIO Select Fund 5 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(c), so it may advertise, but every investor must be verified as accredited.
How much has AV CIO Select Fund 5 LLC raised?
AV CIO Select Fund 5 LLC reports $179,494 sold from 6 investors on its Form D filed Mar 3, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is AV CIO Select Fund 5 LLC based?
AV CIO Select Fund 5 LLC is based in Boston, Massachusetts.
When did AV CIO Select Fund 5 LLC launch?
AV CIO Select Fund 5 LLC reports its first sale in Feb 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every venture capital fund
Raised more than 39% of the 542 venture capital funds based in Massachusetts, and more than 28% of all 15,163 that report sales.