Form D · Other Investment Fund

B. Riley Private Shares 2023-2 QP, LLC

Memphis, TN · CIK 0001992088

Offering snapshot reported Sep 1, 2023 · SEC filing

Reported sold: $240M
Investors reported: 308
Minimum accepted: $50K
First sale: Aug 21, 2023

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Sep 1, 2023	Initial	$239,682,339	No comparison	308	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: No
Business combination: Yes

Sales commissions: $5.37M (estimated)
Finders' fees: $0
Form D file number: 021-491253

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
B. Riley Wealth Management	2543
B. Riley Securities	25027

Source: Form D, filed Sep 1, 2023. 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

B. RILEY PRIVATE SHARES 2023-2 QP, LLC

Investment adviser: B. RILEY WEALTH PRIVATE SHARES, LLC

Gross asset value: $321K
Beneficial owners: 310
ADV minimum commitment: $50K

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 NAV CONSULTING OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor SPICER JEFFRIES LLP DENVER, Colorado, United States

Custodian AXOS BANK SAN DIEGO, California, United States Related to adviser: No

Custodian INSPIRA FINANCIAL TRUST, LLC OAK BROOK, Illinois, United States Related to adviser: No

Marketer B. RILEY WEALTH MANAGEMENT MEMPHIS, Tennessee, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

SPICER JEFFRIES LLP
PCAOB 349

AXOS BANK
LEI 524995

B. RILEY WEALTH MANAGEMENT
CRD 2543 · SEC 8-31206

Filing source

Form ADV 2083801 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-6734068273

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
Name	Reported role
Michael Mullen	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

40 South Main Suite 1800
Memphis, TN, 38103