BSV Grey Wind, LLC has announced the successful closure of a $1.11 million offering, as detailed in their recent SEC filing. This event is significant as it underscores the firm's ability to attract investment in a competitive landscape.

Founded in 2025 and based in Dallas, Texas, BSV Grey Wind operates as a limited liability company. The firm is classified under the Pooled Investment Fund industry group, specifically focusing on venture capital. The company filed its most recent Form D on November 9, 2026, indicating a total offering amount of $1,112,000, which has been fully sold.

The filing states, "total amount sold: 1112000" and confirms that there are no remaining funds available for sale. Additionally, it mentions that the proceeds will be used to cover a customary management fee paid to the Manager of the Issuer for investment advisory and other management services.

This development may affect various stakeholders, including the six investors who have already invested in the fund. Notably, the filing indicates that there are no non-accredited investors involved in this offering.

The filing does not say what happens next.

Company Structure and Management

BSV Grey Wind, LLC is incorporated in Delaware and operates as a limited liability company. The company is managed by BSV Special Entity Management Co., LLC, which is also based at the same address in Dallas, Texas. Philip Scully serves as an executive officer of the company, indicating a structured management team in place to oversee operations and investment strategies.

Offering Details

The offering was conducted under the Investment Company Act Section 3(c)(1), which allows for the establishment of investment funds that do not have to register as investment companies. This regulatory framework is particularly beneficial for venture capital funds like BSV Grey Wind, enabling them to operate with greater flexibility.

Use of Proceeds

Of the total proceeds raised, $55,600 is designated specifically for customary management fees paid to the Manager of the Issuer for investment advisory and other management services. This allocation reflects the operational costs associated with managing the fund and supporting its investment activities.

Investor Composition

The filing confirms that all six investors involved in the offering are accredited, ensuring compliance with SEC regulations regarding investor qualifications. This focus on accredited investors is common in venture capital offerings, as it aligns with the risk profile typically associated with such investments.

The filing does not provide information on the specific investment strategies or sectors that BSV Grey Wind, LLC plans to target with the raised capital.