Form D · Private Equity Fund

APC - VB Homes, LLC

Milton, GA · CIK 0001755598

Offering snapshot reported Sep 24, 2025 · SEC filing

Reported sold
$61.6M
Indefinite offering
Investors reported
94
Form D · investor count
Minimum accepted
$50K
Reported outside-investor minimum
First sale
Oct 1, 2018
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$30.8M$61.6MJul 8, 2021: $18,000,000.00Jul 8, 2021Sep 27, 2022: $61,556,400.00Sep 27, 2022Sep 25, 2023: $61,556,400.00Sep 25, 2023Sep 25, 2024: $61,556,400.00Sep 25, 2024Sep 24, 2025: $61,556,400.00Sep 24, 2025

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Sep 24, 2025Amendment$61,556,400$0vs Sep 25, 202494SEC filing
Sep 25, 2024Amendment$61,556,400$0vs Sep 25, 202394SEC filing
Sep 25, 2023Amendment$61,556,400$0vs Sep 27, 202294SEC filing
Sep 27, 2022Amendment$61,556,400$43,556,400vs Jul 8, 202194SEC filing
Jul 8, 2021Initial$800,000No comparisonNot reportedSEC filing
Jul 8, 2021Initial$18,000,000No comparisonNot reportedSEC filing
May 17, 2021Initial$23,130,000No comparison60SEC filing
Mar 19, 2021Initial$21,330,000No comparison54SEC filing
Jan 24, 2020Amendment$16,745,000$13,600,000vs Oct 12, 201844SEC filing
Jul 22, 2019Amendment$14,930,000$11,785,000vs Oct 12, 201838SEC filing
Dec 19, 2018Amendment$11,555,000$8,410,000vs Oct 12, 201825SEC filing
Oct 12, 2018Initial$3,145,000No comparison13SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.1
Duration over one year
No
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-405522

Source: Form D, filed Sep 24, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

APC- VB HOMES, LLC

Investment adviser: BERKELEY CAPITAL PARTNERS, LLC

Gross asset value
$118M
Beneficial owners
73
ADV minimum commitment
$250K

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator OPUS FUND SERVICES (BERMUDA) LTD. HAMILTON, Bermuda Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor RICHEY, MAY & CO, LLP ENGLEWOOD, Colorado, United States
Custodian CHARLES SCHWAB & CO., INC. SAN FRANCISCO, California, United States Related to adviser: No
Custodian NORTHBROOK BANK & TRUST NORTHBROOK, Illinois, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

RICHEY, MAY & CO, LLP
PCAOB 673

CHARLES SCHWAB & CO., INC.
SEC 8-16514

Filing source

Form ADV 2084715 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-6245250102

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Pen Equity Iv Llc Director
Anthony Palazzo Executive, Promoter
N/A Pen Equity Iv, Llc Director, Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
3000 Heritage Walk Suite 301
Milton, GA, 30004