OR-1005 Fund I, a series of Sajid Rahman Angel Funds, LP, has filed a new offering under Rule 506(b) of the Securities Act, allowing it to attract investments while providing a safer harbor for private offerings. This filing, dated October 20, 2026, is significant as it allows the fund to raise a total of $98,333, which has already been fully subscribed.
The company is based in Lynnwood, Washington, and is classified as a pooled investment fund, specifically a venture capital fund. According to its recent filings, OR-1005 Fund I is a limited partnership incorporated in Delaware, with its fiscal year ending on December 31. The fund is managed by Fund GP, LLC, and has Belltower Fund Group, Ltd. as its agent.
The filing indicates that the total amount sold in this offering is $98,333, with no remaining amount left to be raised. The offering is notable for having a minimum investment acceptance of $1,000. The funds raised will be used for administrative expenses, as stated in the filing. Specifically, $8,000 of the gross proceeds is estimated to cover a one-time fee paid to the fund administrator and/or its affiliates.
In terms of investor participation, the fund has already attracted 21 investors, and notably, there are no non-accredited investors involved in this offering. This suggests a focus on a more exclusive investor base, which is common in venture capital funds.
The filing does not specify what happens next regarding the fund's operations or future offerings. However, it does highlight the growing interest in private investment opportunities within the venture capital space.
As the venture capital industry continues to evolve, filings such as this one from OR-1005 Fund I reflect the ongoing demand for alternative investment vehicles. The successful subscription of the offering may encourage other funds in the industry to pursue similar strategies to attract capital.