Hesperia Advanced, LLC is a private equity fund based in Boston, Massachusetts. According to its most recent Form D, filed Oct 21, 2024, it has sold $1,500,000 of interests to 12 investors since its first sale in Sep 2024. The minimum investment it accepts from an outside investor is $50,000. 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 Papile.
- Total raised
- $1,500,000Cumulative sales reported on Form D
- Investors
- 12
- First sale
- Sep 24, 2024
- Minimum investment
- $50,000
- 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 Papile
- Latest Form D
- Oct 21, 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 Hesperia Advanced, LLC
What is the minimum investment for Hesperia Advanced, LLC?
According to its latest Form D, filed Oct 21, 2024, the minimum investment Hesperia Advanced, LLC accepts from an outside investor is $50,000.
Who can invest in Hesperia Advanced, LLC?
Hesperia Advanced, 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 Hesperia Advanced, LLC raised?
Hesperia Advanced, LLC reports $1,500,000 sold from 12 investors on its Form D filed Oct 21, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Hesperia Advanced, LLC based?
Hesperia Advanced, LLC is based in Boston, Massachusetts.
When did Hesperia Advanced, LLC launch?
Hesperia Advanced, LLC reports its first sale in Sep 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 47% of the 464 private equity funds based in Massachusetts, and more than 24% of all 9,129 that report sales.