UA1 Fund, L.P. is a venture capital fund based in Winnetka, Illinois. According to its most recent Form D, filed Apr 30, 2026, it has sold $20,825,000 of interests to 29 investors since its first sale in May 2025. The minimum investment it accepts from an outside investor is $100,000. 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 William McNulty; Lenore Karafa.
- Total raised
- $20,825,000Cumulative sales reported on Form D
- Investors
- 29
- First sale
- May 1, 2025
- Minimum investment
- $100,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- William McNulty; Lenore Karafa
- Latest Form D
- Apr 30, 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 UA1 Fund, L.P.
What is the minimum investment for UA1 Fund, L.P.?
According to its latest Form D, filed Apr 30, 2026, the minimum investment UA1 Fund, L.P. accepts from an outside investor is $100,000.
Who can invest in UA1 Fund, L.P.?
UA1 Fund, L.P. 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 UA1 Fund, L.P. raised?
UA1 Fund, L.P. reports $20,825,000 sold from 29 investors on its Form D filed Apr 30, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is UA1 Fund, L.P. based?
UA1 Fund, L.P. is based in Winnetka, Illinois.
When did UA1 Fund, L.P. launch?
UA1 Fund, L.P. reports its first sale in May 2025, 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 83% of the 148 venture capital funds based in Illinois, and more than 92% of all 15,160 that report sales.