Masterworks 028, LLC

Summary

Masterworks 028, LLC is a $899,000 equity offering structured as a special purpose vehicle listed on Masterworks.

The issuer is Masterworks 028, LLC, organized in Delaware, offered under Regulation A.

The offering carries a 20% carried interest.

Terms shown here are drawn from SEC filings and were captured by AltStreet on 2026-05-15. Figures are as disclosed at the time of the offering and are not updated for subsequent performance.

Disclosed Terms

Offering amount: $899,000
Target hold period: 22 months
Structure: Spv
Carried interest: 20%
Tax document: 1099-B
Status: Exited
Exemption: Regulation A
Issuing entity: Masterworks 028, LLC (Delaware)
Liquidity: Secondary Market
Closed: 2021-02-03

Terms as disclosed at the time of the offering. AltStreet does not update these figures for subsequent performance, and a disclosed rate is not a realized return.

Filing Record

The issuer behind Masterworks 028, LLC files under Regulation A (Form 1-A). Its offering chain runs from 1-A on Oct 8, 2020 to 1-Z on Jun 30, 2023, 23 filings in all. AltStreet's status rule reads the chain as exit report filed (Form 1-Z exit report filed).

2023-06-30Exit report (1-Z)1-Z
2023-04-28Annual report (1-K)1-K
2022-12-27Fundamental change reported1-U
2022-12-12Fundamental change reported1-U
2022-10-20Auditor changed1-U
2022-08-31Semiannual report (1-SA)1-SA

5 audited annual statements are on file for this issuer.

From SEC EDGAR, as filed. Issuer filing history.

Terminal Analysis

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Questions About This Offering

What is Masterworks 028, LLC?

Masterworks 028, LLC is a $899,000 equity offering structured as a special purpose vehicle listed on Masterworks. The issuer is Masterworks 028, LLC, organized in Delaware, offered under Regulation A. The offering carries a 20% carried interest.

What do investors in Masterworks 028, LLC actually own?

Investors hold an interest in a special purpose vehicle listed on Masterworks, not direct shares of the underlying company — a structure with its own transfer, information, and fee implications. The vehicle discloses a 20% carried interest.

Who is the issuer of Masterworks 028, LLC?

The securities are issued by Masterworks 028, LLC, organized in Delaware. The offering relies on Regulation A, an SEC-qualified offering open to the public.

When did Masterworks 028, LLC launch and close?

It closed on 2021-02-03. AltStreet records its status as exited.

Is Masterworks 028, LLC still open to investors?

AltStreet's record shows the offering as exited. AltStreet tracks this offering from SEC filings, last captured 2026-05-15. Offering status changes without a corresponding filing in many cases, so current availability should be confirmed directly with Masterworks before acting.

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