Mainline West Private Client Trust I Financing
Mainline West Private Client Trust I, Llc, Limited Liability Company just submitted form D for $25.00 million equity financing. This is a new filing. Mainline West Private Client Trust I, Llc is expected to fundraise $25.00 million in this round of financing. The total private offering amount was $25.00 million. The private financing document was filed on 2016-11-17. The reason for the financing was: unspecified. The fundraising still has about $25.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Mainline West Private Client Trust I is based in Colorado. The firm’s business is Pooled Investment Fund. The form D was filed by Bradley J Kreidle President of Managing Member. The company was incorporated in 2016. The filler’s address is: 700 17Th Street, Suite 1500, Denver, Co, Colorado, 80202. Bradley J. Kreidle is the related person in the form and it has address: 700 17Th Street, Suite 1500, Denver, Co, Colorado, 80202. Link to Mainline West Private Client Trust I Filing: 000168815416000001.
Analysis of Mainline West Private Client Trust I Offering
On average, firms in the Pooled Investment Fund sector, sell 37.80% of the total offering amount. Mainline West Private Client Trust I sold 0.00% of the offering. The fundraising is still open. The average fundraising size for companies in the Pooled Investment Fund industry is $24.76 million. The offering was 100.00% smaller than the average of $24.76 million. Of course this should not be interpreted as negative. Startups raise funds for a variety of reasons and needs. The minimum investment for this financing was set at $100000. If you know more about the reasons for the fundraising, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Mainline West Private Client Trust I Also
The Form D signed by Bradley J Kreidle might help Mainline West Private Client Trust I, Llc’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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