Solas Tvardi Sidecar LLC
Solas Tvardi Sidecar LLC is a venture capital fund based in Chattanooga, Tennessee. According to its most recent Form D, filed Jan 16, 2025, it has sold $13,338,905 of interests to 22 investors since its first sale in Nov 2024. 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 David Belitz; David Adair; Solas BioVentures Management, LLC.
- Total raised
- $13,338,905Cumulative sales reported on Form D
- Investors
- 22
- First sale
- Nov 26, 2024
- 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
- David Belitz; David Adair; Solas BioVentures Management, LLC
- Latest Form D
- Jan 16, 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 Solas Tvardi Sidecar LLC
What is the minimum investment for Solas Tvardi Sidecar LLC?
Solas Tvardi Sidecar LLC's latest Form D, filed Jan 16, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Solas Tvardi Sidecar LLC?
Solas Tvardi Sidecar 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 Solas Tvardi Sidecar LLC raised?
Solas Tvardi Sidecar LLC reports $13,338,905 sold from 22 investors on its Form D filed Jan 16, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Solas Tvardi Sidecar LLC based?
Solas Tvardi Sidecar LLC is based in Chattanooga, Tennessee and is managed by Solas Bioventures Management, LLC.
When did Solas Tvardi Sidecar LLC launch?
Solas Tvardi Sidecar LLC reports its first sale in Nov 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 venture capital fund
Raised more than 68% of the 47 venture capital funds based in Tennessee, and more than 90% of all 15,160 that report sales.