BGAC Main LLC is a private equity fund based in Birmingham, Michigan. According to its most recent Form D, filed Dec 31, 2024, it has sold $488,250 of interests to 18 investors since its first sale in Dec 2024. The minimum investment it accepts from an outside investor is $5,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(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 Eric Singer; BGAC Main Manager LLC.
- Total raised
- $488,250Cumulative sales reported on Form D
- Investors
- 18
- First sale
- Dec 23, 2024
- Minimum investment
- $5,000
- 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
- Eric Singer; BGAC Main Manager LLC
- Latest Form D
- Dec 31, 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 BGAC Main LLC
What is the minimum investment for BGAC Main LLC?
According to its latest Form D, filed Dec 31, 2024, the minimum investment BGAC Main LLC accepts from an outside investor is $5,000.
Who can invest in BGAC Main LLC?
BGAC Main 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 BGAC Main LLC raised?
BGAC Main LLC reports $488,250 sold from 18 investors on its Form D filed Dec 31, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is BGAC Main LLC based?
BGAC Main LLC is based in Birmingham, Michigan.
When did BGAC Main LLC launch?
BGAC Main LLC reports its first sale in Dec 2024, 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 37% of the 89 private equity funds based in Michigan, and more than 15% of all 9,142 that report sales.