PeakSpan BaseCamp I Co-Invest, L.P. has filed a new offering to raise up to $5.5 million under Rule 506(b) of the Securities Act. This move is significant as it reflects the firm’s strategy to attract private investment in the venture capital sector.

PeakSpan BaseCamp I Co-Invest, L.P. is a limited partnership incorporated in Delaware, with its business address located at 192 Lexington Avenue, 16th Floor, New York, NY. The firm focuses on pooled investment funds and is categorized under the venture capital fund segment.

The filing states, "The total offering amount is $5,500,000, with a total remaining amount of $5,500,000." This indicates that the firm has yet to secure any investments, as the total amount sold is reported as $0.

This offering could affect various stakeholders, including potential investors looking for opportunities in the venture capital space. The filing also notes that there are no non-accredited investors involved at this stage, suggesting a focus on accredited investors only.

The filing does not say what happens next, but it does indicate that the date of the first sale is yet to occur, leaving the door open for future developments.

Key Details of the Offering

The offering is structured under Rule 506(b), which provides a safe harbor for private offerings, allowing the issuer to raise capital from accredited investors without registering the securities with the SEC. This regulatory framework is particularly advantageous for venture capital funds like PeakSpan BaseCamp I Co-Invest, L.P.

According to the filing, the total offering amount is set at $5.5 million, with no funds raised to date, as indicated by the total amount sold being reported as $0. This suggests that the firm is in the early stages of its fundraising efforts.

Management and Related Persons

The filing lists several key individuals associated with PeakSpan BaseCamp I Co-Invest, L.P. Among them is Jay R. Lance Jr., who serves as the Managing Director of the General Partner and has signed the filing. Other notable figures include Phil Dur and Matt Melymuka, both of whom are also Managing Directors of the General Partner, and are involved in the strategic direction of the fund.

Investment Focus and Structure

PeakSpan BaseCamp I Co-Invest, L.P. is categorized as a pooled investment fund specifically focused on venture capital investments. The firm has declined to disclose its revenue range, indicating a level of confidentiality regarding its financial status at this time.

The filing does not provide specific details on the investment strategy or target sectors for the fund, nor does it mention any anticipated timeline for securing investments or the duration of the offering beyond stating that it is not expected to last more than one year.