THVC (Pendulum Note), LLC is a venture capital fund based in San Francisco, California. According to its most recent Form D, filed May 28, 2026, it has sold $4,500,000 of interests to 3 investors since its first sale in Apr 2026. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. 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 Transformational Healthcare GP, LLC; Darren Hite.
- Total raised
- $4,500,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Apr 24, 2026
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Transformational Healthcare GP, LLC; Darren Hite
- Latest Form D
- May 28, 2026
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 THVC (Pendulum Note), LLC
What is the minimum investment for THVC (Pendulum Note), LLC?
THVC (Pendulum Note), LLC's latest Form D, filed May 28, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in THVC (Pendulum Note), LLC?
THVC (Pendulum Note), LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has THVC (Pendulum Note), LLC raised?
THVC (Pendulum Note), LLC reports $4,500,000 sold from 3 investors on its Form D filed May 28, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is THVC (Pendulum Note), LLC based?
THVC (Pendulum Note), LLC is based in San Francisco, California.
When did THVC (Pendulum Note), LLC launch?
THVC (Pendulum Note), LLC reports its first sale in Apr 2026, 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 66% of the 2,268 venture capital funds based in California, and more than 81% of all 15,160 that report sales.