VBASE Oil Co 261012, a series of Decile SPV, LLC, has filed a new offering under SEC Rule 506(b), which allows for private offerings. This filing is significant as it indicates the company's active fundraising efforts and its commitment to expanding its capital base.
Based in New York, VBASE Oil Co operates as a limited liability company and is categorized under pooled investment funds. The company was incorporated in Delaware and has recently engaged in a fundraising initiative.
According to the SEC filing dated October 27, 2026, VBASE Oil Co has successfully raised a total of $75,500, with all offered securities sold. The filing states, "total offering amount: 75500" and "total amount sold: 75500," indicating a complete subscription of the offering.
This fundraising effort may affect various stakeholders, including the four investors who have already contributed to the fund. The filing also notes that there are no non-accredited investors involved in this offering, suggesting a focus on qualified participants.
Looking ahead, the filing does not specify any further actions or upcoming events related to this offering. However, the successful completion of this fundraising round may position VBASE Oil Co for future growth and investment opportunities.
Management and Structure
VBASE Oil Co is managed by Decile Start Fund Management, LLC, which serves as the executive officer of the company. Key individuals involved in the management include Gregory Adeodato Ressi di Cervia and Long Pham, both of whom hold positions as executive officers and directors. They are identified as managing partners of the manager of the issuer, indicating their significant role in the operational and strategic decisions of the company.
The filing also lists Anthony Del Porto as a promoter associated with the offering, although his specific contributions or roles were not detailed in the filing.
Investment Focus and Structure
VBASE Oil Co is categorized under pooled investment funds, specifically structured as a venture capital fund. This classification suggests that the company is focused on investing in early-stage companies or startups, aiming for high growth potential. The filing indicates that the offering is not subject to the Investment Company Act, as it falls under exemptions outlined in Rule 506(b) and Sections 3(c)(1) of the Act.
Moreover, the offering is designed to last more than one year, allowing the company ample time to attract additional investments and potentially expand its portfolio.
Use of Proceeds
The proceeds from the offering are intended to support the management fees and performance fees for Decile Start Fund Management, LLC and its affiliates, which are based on the capital contributions of the members of the issuer. However, the filing does not disclose specific plans for the deployment of the raised funds beyond these management fees.
"Decile Start Fund Management, LLC and its affiliates receive management fees and performance fees, and/or allocations based on capital contribution of the members of the Issuer."
This aspect of the filing highlights the operational framework and financial structure that VBASE Oil Co has established, which may be of interest to potential investors looking to understand how their contributions will be utilized.
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