Avenir Growth fund closes at $48.9 million in eight days
A Form D shows the private equity vehicle was fully subscribed by the time it reached EDGAR.
A private equity vehicle under the Avenir Growth name was fully placed within eight days of its first sale. The Form D for AEP VI LLC was filed August 18. It reports $48.9 million offered and the same amount sold. The first sale is dated August 10.
The fund is classified as private equity, with a pooled investment fund industry group. Avenir Growth Managing Partner IV LLC, Andrew Sugrue, and James Reynolds IV are named as related persons. The sold total matches the offering this soon after the first sale, which points to commitments gathered before the disclosure went public. The filing does not identify investors.
The filing lands in a week when PWD's coverage has been about private markets reaching wealth clients: managed accounts as the private-markets entry at Schwab and Morgan Stanley, and specialty evergreen structures outgrowing interval funds. At $48.9 million, AEP VI is a small vehicle. The Form D shows the workmanlike end of private-market wealth: a short selling period, a matching number, and an EDGAR trail. In the public record, the placement was done before the document appeared.
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