Form D · Other Investment Fund

LOCAL ECONOMIES INCOME FUND LLC

Portland, OR · CIK 0001427763

Offering snapshot reported Oct 18, 2011 · SEC filing

Reported sold
$5.1M
Indefinite offering
Investors reported
41
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Jan 31, 2008
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$2.55M$5.1MApr 14, 2009: $4,478,782.00Apr 14, 2009Jul 13, 2009: $4,678,782.00Oct 14, 2009: $4,878,782.00Oct 14, 2009Apr 15, 2010: $4,978,782.00Apr 15, 2010Jul 19, 2011: $5,078,782.00Oct 18, 2011: $5,103,782.00Oct 18, 2011

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$5,078,782 → $5,103,782
  • Minimum accepted$60,000 → $0

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Oct 18, 2011Amendment$5,103,782$25,000vs Jul 19, 201141SEC filing
Jul 19, 2011Amendment$5,078,782$100,000vs Apr 15, 201041SEC filing
Apr 15, 2010Amendment$4,978,782$100,000vs Oct 14, 200941SEC filing
Oct 14, 2009Amendment$4,878,782$200,000vs Jul 13, 200940SEC filing
Jul 13, 2009Amendment$4,678,782$200,000vs Apr 14, 200938SEC filing
Apr 14, 2009Amendment$4,478,782No comparisonNot reportedSEC filing
Jan 16, 2009PaperNot reportedNo comparisonNot reportedSEC filing
Feb 15, 2008PaperNot reportedNo comparisonNot reportedSEC filing

Offering details

Securities
Other
Exemptions
06
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-114947
Plus, in certain instances, the purchase of additional units of the issuer pursuant to an automatic reinvestment of income on the units.
Membership Units

Source: Form D, filed Oct 18, 2011. 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

LOCAL ECONOMIES INCOME FUND, LLC

Investment adviser: PROGRESSIVE INVESTMENT MANAGEMENT CORPORATION

Gross asset value
$6.08M
Beneficial owners
38
ADV minimum commitment
$100K

Reported in Form ADV on Sep 26, 2012. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Auditor DELAP, LLP LAKE OSWEGO, Oregon, United States
Custodian CHARLES SCHWAB & CO., INC. PHOENIX, Arizona, United States Related to adviser: No
Prime broker CHARLES SCHWAB & CO., INC. PHOENIX, Arizona, United States
Prime broker HORWITZ & ASSOCIATES, INC. BIRMINGHAM, Alabama, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

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

CHARLES SCHWAB & CO., INC.
CRD 5393 · SEC 8-16514

HORWITZ & ASSOCIATES, INC.
CRD 5611 · SEC 8-16247

Filing source

Form ADV 669488 · Sep 26, 2012 · Schedule D 7.B.(1), fund 805-7234402027

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
Robert Baird Executive
Leslie Christian Executive
Carsten Henningsen Executive
. Portfolio 21 Investments, Inc. Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
721 Nw 9 Th Avenue Suite 250
Portland, OR, 97209