Form D · Other Investment Fund

Mosaic Real Estate Credit, LLC

Calabasas, CA · CIK 0001648233

Offering snapshot reported Feb 10, 2021 · SEC filing

Reported sold
$383M
Indefinite offering
Investors reported
1,136
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
May 18, 2015
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$192M$383MJul 16, 2015: $19,687,500.00Jul 16, 2015Jul 15, 2016: $60,983,687.00Jul 15, 2016Jul 19, 2017: $131,013,766.00Jul 19, 2017Feb 13, 2019: $238,790,769.00Feb 13, 2019Feb 13, 2020: $341,128,433.00Feb 13, 2020Feb 10, 2021: $383,475,295.00Feb 10, 2021

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$341,128,433 → $383,475,295
  • Reported investors1,101 → 1,136

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Feb 10, 2021Amendment$383,475,295$42,346,862vs Feb 13, 20201,136SEC filing
Feb 13, 2020Amendment$341,128,433$280,144,746vs Jul 15, 20161,101SEC filing
Feb 13, 2019Amendment$238,790,769$177,807,082vs Jul 15, 2016769SEC filing
Jul 19, 2017Amendment$131,013,766$70,030,079vs Jul 15, 2016460SEC filing
Jul 15, 2016Amendment$60,983,687$41,296,187vs Jul 16, 2015211SEC filing
Jul 16, 2015Initial$19,687,500No comparison52SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.5
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-243890
The Issuer does not directly incur any sales commissions; any sales commissions are deemed as a reduction of any incentive allocation payable to the Manager or incurred directly by the Manager.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
CAIS Capital LLC154512CAIS Capital LLC · CRD 154512
InFin Capital Ltd.None

Source: Form D, filed Feb 10, 2021. 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

MOSAIC REAL ESTATE CREDIT, LLC

Investment adviser: MREC MANAGEMENT, LLC

Gross asset value
$383M
Beneficial owners
1,073
ADV minimum commitment
$100K

Reported in Form ADV on Mar 28, 2022. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG LLP LOS ANGELES, California, United States
Custodian FIRST REPUBLIC BANK SAN FRANCISCO, California, United States Related to adviser: No
Custodian WELLS FARGO CORPORATE TRUST SERVICES MINNEAPOLIS, Minnesota, 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

KPMG LLP
PCAOB 185

Filing source

Form ADV 1620001 · Mar 28, 2022 · Schedule D 7.B.(1), fund 805-9862613181

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
James Bohan Executive
N/A Jul Jak, Llc Executive
N/A Mosaic Real Estate Investors, Llc Executive
N/A Mrec Management, Llc Executive
Sunny Parmar Executive
Ethan Penner Executive
Vicky Schiff Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
4500 Park Granada, Suite 204
Calabasas, CA, 91302