Form D · Other Investment Fund

GEM Fund, LLC

Chicago, IL · CIK 0001785474

Offering snapshot reported May 16, 2022 · SEC filing

Reported sold: $3.98M
Investors reported: 10
Minimum accepted: $250K
First sale: Oct 1, 2019

Fundraising history

Reported sold

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.

Reported sold$3,728,671 → $3,984,478
Reported investors9 → 10

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
May 16, 2022	Amendment	$3,984,478	$255,807vs May 19, 2021	10	SEC filing
May 19, 2021	Amendment	$3,728,671	$1,136,208vs Sep 8, 2020	9	SEC filing
Sep 8, 2020	Amendment	$2,592,463	No comparison	5	SEC filing
Sep 4, 2019	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06c
Duration over one year: Yes
Business combination: No

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-347911

Source: Form D, filed May 16, 2022. 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

GEM FUND, LLC

Investment adviser: BLACK BEAR CAPITAL ADVISORS, LLC

Gross asset value: $3.12M
Beneficial owners: 9
ADV minimum commitment: $250K

Reported in Form ADV on Apr 26, 2023. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

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

Auditor SCOTT & COMPANY COLUMBIA, South Carolina, United States

Marketer ATTAIN PORTFOLIO ADVISORS CHICAGO, Illinois, United States Related to adviser: Yes

Prime broker INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States

Provider details

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

ATTAIN PORTFOLIO ADVISORS
CRD 293243

INTERACTIVE BROKERS LLC
CRD 36418 · SEC 8-47257

Filing source

Form ADV 1756525 · Apr 26, 2023 · Schedule D 7.B.(1), fund 805-1430036491

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
Jeff Malec	Executive
Jeffrey D Malec	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

318 W. Adams Street 10 Th Floor
Chicago, IL, 60606