Bando Fund LLC is a private equity fund based in Guaynabo, Puerto Rico. According to its most recent Form D, filed Nov 7, 2024, it has sold $35,001,000 of interests to 2 investors since its first sale in Oct 2022. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Manuel Batlle.
- Total raised
- $35,001,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Oct 1, 2022
- 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
- Manuel Batlle
- Latest Form D
- Nov 7, 2024
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 Bando Fund LLC
What is the minimum investment for Bando Fund LLC?
Bando Fund LLC's latest Form D, filed Nov 7, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Bando Fund LLC?
Bando Fund 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 Bando Fund LLC raised?
Bando Fund LLC reports $35,001,000 sold from 2 investors on its Form D filed Nov 7, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Bando Fund LLC based?
Bando Fund LLC is based in Guaynabo, Puerto Rico.
When did Bando Fund LLC launch?
Bando Fund LLC reports its first sale in Oct 2022, 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 private equity fund
Raised more than 85% of the 162 private equity funds based in Puerto Rico, and more than 59% of all 9,142 that report sales.