FDC Databento CS LLC has filed a new offering under Rule 506(b) of the Securities Act, marking a significant step in its fundraising efforts. This private offering allows the company to attract accredited investors while adhering to federal regulations. The filing, dated October 19, 2026, indicates the company's commitment to expanding its investment strategies.
Background
FDC Databento CS LLC, incorporated in Delaware, operates as a limited liability company. The firm is based in Boston, Massachusetts, and focuses on pooled investment funds. Recent filings show that the company is actively engaging in private offerings to enhance its investment capabilities.
What the Filing Says
The filing states that it is a new offering under Rule 506(b), which provides a "safer harbor" for private offerings. It also mentions compliance with the Investment Company Act, specifically Section 3(c) and Section 3(c)(7).
Impact
This filing may affect accredited investors looking for opportunities in pooled investment funds. With a total offering amount described as indefinite and an initial amount sold of $4 million, the company is positioning itself to attract significant investments.
What's Next
The filing does not say what happens next.
Company Details
FDC Databento CS LLC is incorporated in Delaware and operates as a limited liability company. The firm is located at 581 Boylston St, Suite 300, Boston, MA 02116. The company is managed by Fifth Down Cap LLC, which serves as the executive officer. Andrew M. Spellman is noted as the Manager of the Manager of the Issuer, further indicating the leadership structure within the company.
Investment Focus
The filing indicates that FDC Databento CS LLC is classified under the industry group of Pooled Investment Fund, specifically focusing on 'Other Investment Fund' types. This classification suggests that the company may engage in various investment strategies outside traditional funds, potentially appealing to a diverse range of accredited investors.
Offering Specifics
The total offering amount is described as indefinite, with $4 million already sold, and the remaining amount also classified as indefinite. The filing does not specify a minimum investment amount, which may attract a broader range of accredited investors. Additionally, the company has indicated that it does not plan to accept non-accredited investors, which aligns with the regulatory framework of Rule 506(b).
Use of Proceeds
Currently, the filing does not provide details on how the proceeds from this offering will be utilized. There is no information regarding gross proceeds used or any specific projects or investments that the funds will support.
Regulatory Compliance
FDC Databento CS LLC has confirmed compliance with the Investment Company Act, specifically referencing Sections 3(c) and 3(c)(7), which are relevant for private investment funds. This compliance underscores the company's adherence to regulatory standards in its fundraising efforts.