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EDGAR Verified
Primary Source · SEC.gov

Fund FG-MBW, a series of Forge Investments LLC

CIK 0001764597Fund Vehicle2026 vintage506(b), 3(c)(1)
Forge GlobalFull Review

Raised

$9M

Investors

99

Min Invest

$5,000

AltStreet Analysis

·

Generated from EDGAR primary sources

Fund FG-MBW is a pooled investment fund series of Forge Investments LLC, filed by Forge Global Advisors LLC with executives Grant George and Shilpi McGrath. This amended filing reports $139.0M raised from 99 investors under Regulation D Rule 506(b) and Investment Company Act Section 3(c)(1), with a $5K minimum investment. It is part of the Forge Global private equity platform ecosystem, which includes 104 related EDGAR entities.

This private equity fund uses the standard 506(b)/3(c)(1) exemption structure common to institutional-quality private funds, but with an unusually low $5K minimum investment that suggests broader retail accessibility. The $1.4M average investor commitment is significantly below typical private equity fund minimums, indicating a democratized access model relative to institutional-only offerings.

Data Flags

minimum investment vs. total raise$5K minimum on a $139M raise with 99 investors represents uncommon retail accessibility for a fund of this size; typical PE funds require $250K-$1M minimums
first sale dateFirst sale date not disclosed on an amended filing reporting $139M in sales; suggests either ongoing offering or incomplete disclosure
investor count99 investors reported in a 3(c)(1) fund approaches the statutory 100-investor limit, indicating near-maximum capacity under this exemption

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001764597
Entity NameFund FG-MBW, a series of Forge Investments LLC
Exemption506(b), 3(c)(1)
First Sale Date—
Filing DateApril 23, 2026
Accession Number0001764597-26-000001
Total Amount Sold$9M
Total Investors99
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

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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.