SW Secondaries II B LLC
SW Secondaries II B LLC is a venture capital fund based in Encinitas, California. According to its most recent Form D, filed Mar 25, 2019, it has sold $750,000 of interests to 3 investors since its first sale in Mar 2019. 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. Related persons named in the filing include Sweetwater Secondaries Fund II GP LLC; Brent Granado; Gregg Parise.
- Total raised
- $750,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Mar 1, 2019
- 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
- Sweetwater Secondaries Fund II GP LLC; Brent Granado; Gregg Parise
- Latest Form D
- Mar 25, 2019
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
Related vehicles with the same name (2)
| Vehicle | Total raised | Investors | Latest Form D |
|---|---|---|---|
| SW SECONDARIES II B LLC (this page) | $750,000 | 3 | Mar 25, 2019 |
| SW Secondaries II A LLC | $0 | 0 | May 17, 2018 |
Funds are often offered through several legal vehicles, such as onshore, offshore, feeder, parallel or tax-exempt versions, and each one files its own Form D. These 2 filings share this fund's name apart from such vehicle words or a series letter, which usually means they are versions of one fund. Grouped by AltMountain from the names on the filings alone, so the list may be incomplete or include a separate fund with a near-identical name; amounts are each vehicle's own filing and should not be added together, because a feeder's money can also be counted in its master fund. Source: SEC Form D filings.
Questions about SW Secondaries II B LLC
What is the minimum investment for SW Secondaries II B LLC?
SW Secondaries II B LLC's latest Form D, filed Mar 25, 2019, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in SW Secondaries II B LLC?
SW Secondaries II B 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 SW Secondaries II B LLC raised?
SW Secondaries II B LLC reports $750,000 sold from 3 investors on its Form D filed Mar 25, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is SW Secondaries II B LLC based?
SW Secondaries II B LLC is based in Encinitas, California.
When did SW Secondaries II B LLC launch?
SW Secondaries II B LLC reports its first sale in Mar 2019.
Size compared with every venture capital fund
Raised more than 47% of the 2,227 venture capital funds based in California, and more than 56% of all 14,865 that report sales.