Get premium alternative investment insights

Get the Briefing
AltStreet
EDGAR Verified
Primary Source · SEC.gov

Fund FG-LRN, a series of Forge Investments, LLC

CIK 0001758082Fund Vehicle2026 vintage506(b), 3(c)(1)
Forge GlobalFull Review

Raised

$228M

Investors

85

Min Invest

$5,000

AltStreet Analysis

·

Generated from EDGAR primary sources

Fund FG-LRN is a pooled investment fund series of Forge Investments, LLC filed by Forge Global Advisors LLC and managed by executives Grant George and Shilpi McGrath. This amended filing reports $380.5M raised from 85 investors under Rule 506(b) and Section 3(c)(1) exemptions, with a $5,000 minimum investment. It is part of the Forge Global private equity platform, which operates 104 related EDGAR entities.

This private equity fund uses the 506(b) private placement exemption combined with 3(c)(1) investment company exclusion, typical for private fund structures avoiding registration as an investment company. The $5,000 minimum investment is unusually low for a private equity vehicle of this scale, enabling access to a broader investor base while maintaining accredited investor requirements under 506(b).

Data Flags

minimum_investment$5K minimum on a $380.5M raise is exceptionally low for private equity; suggests retail-accessible structure or platform democratization model
generalAverage investment per investor is $4.5M despite $5K minimum, indicating highly skewed distribution with likely institutional anchor investors
first_sale_dateFirst sale date not disclosed in amended filing, preventing verification of filing timeline compliance
sales_commissionsNo sales commissions stated on $380.5M raise with 85 investors, which is consistent with platform-based distribution model

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001758082
Entity NameFund FG-LRN, a series of Forge Investments, LLC
Exemption506(b), 3(c)(1)
First Sale Date—
Filing DateApril 23, 2026
Accession Number0001758082-26-000001
Total Amount Sold$228M
Total Investors85
Minimum Investment$5,000
Securities TypePooled Investment Fund
State of IncorporationNot specified
Amendment Count1 amendments filed

Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

Forge Global Advisors LLC

Director · San Francisco, CA

Grant George

Executive Officer · San Francisco, CA

Shilpi McGrath

Executive Officer · San Francisco, CA

Is this your offering?

Claim this profile to add contact information, team members, LinkedIn profiles, fund history, and additional financial data. EDGAR-sourced data and AltStreet analysis cannot be edited, but corrections can be requested for verifiable inaccuracies.

Claim Profile — FreeGet Verified — $2,400/yr

Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. AltStreet analysis (summaries, flags, category context) is generated by Claude from this primary source data and reviewed for accuracy. Platform-provided information (if present) is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. EDGAR data is verified read-only — platforms may request factual corrections for demonstrable inaccuracies by contacting research@altstreet.investments. This page does not constitute investment advice.