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SEC filing record
Primary Source · SEC.gov

DLP Access Fund 1 LLC

Fund Vehicle2019 vintage506(b), 3(c)(1)

Raised

$4M

Investors

94

Min Invest

$1,000

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AltStreet Analysis

·

Generated from EDGAR primary sources

DLP Access Fund 1 LLC is a Delaware pooled investment fund that filed a Form D on 2019-05-09 under Rule 506(b) and the 3(c)(1) exemption, reporting $3.6M raised from 94 investors with a $1K minimum investment. No parent platform or related entity family was identified in available records, and the filing does not disclose a first sale date.

This filing sits in the alternative_investment category as a privately-placed pooled fund relying on the common 506(b)/3(c)(1) exemption combination, which caps the fund at 100 beneficial owners under the Investment Company Act. A $1K minimum is low relative to typical institutional alternative funds, which often require $25K-$250K minimums, suggesting this vehicle targets a broader, smaller-check investor base.

Data Flags

First Sale DateNo first sale date disclosed on this original filing, though the raise ($3.6M) is well under $100M — consistent with a pre-open or early-stage offering rather than a data omission.
Minimum InvestmentA $1K minimum investment alongside 94 investors and a $3.6M raise implies an average check size roughly 38x the stated minimum, pointing to a wide range of investor commitment sizes.
Related PersonsThe listed 'Director' entity (Assure Fund Management II) is a third-party fund administration service provider rather than an investment manager, which is common for SPV-style fund structures but should not be read as the fund's sponsor.

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001767605
Entity NameDLP Access Fund 1 LLC
ExemptionRule 506(b), Section 3(c)(1)
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising. Section 3(c)(1) of the Investment Company Act: the fund is excluded from investment-company registration because it has no more than 100 beneficial owners.
Entity TypeLimited Liability Company
Jurisdiction of OrganizationDelaware
Issuer AddressPo Box 171305, Salt Lake City, UT 84117
Phone(801) 419-0677
Industry / Fund TypePooled Investment Fund · Other Investment Fund
Investment Company ActExcluded under Section 3(c)(1) (100 beneficial owners or fewer)
Securities TypePooled Investment Fund
First Sale Date—
Filing DateMay 9, 2019
Accession Number0001767605-19-000001
Total Offering Amount$3,606,900
Total Amount Sold$3,606,900
Amount Remaining$0
Total Investors94
Non-Accredited InvestorsNone
Minimum Investment$1,000
Offering DurationOne year or less
Net Asset Value RangeDecline to Disclose
State (Issuer Address)UT
Amendment CountOriginal filing only

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

DMay 9, 2019

In the Terminal

Filing events

0

none on file

Critical / warning

0 / 0

0 watch · 0 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

closed

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Fund family Part of the DLP Access Fund family: 2 vehicles across 2 generations · full family and the filing behind each link in the terminal

Investor

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  • 1 offering timeline: velocity, share raised, first-sale lag, stalled flags

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Related Persons (Form D)

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

Assure Fund Management II LLC

Director · Salt Lake City, UT

Jeremy Neilson

Executive Officer · Salt Lake City, UT

Richard Thoms

Executive Officer · Salt Lake City, UT

Questions About DLP Access Fund 1 LLC

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is DLP Access Fund 1 LLC?

DLP Access Fund 1 LLC is a Delaware limited liability company that filed a Form D with the SEC on May 9, 2019 as a other investment fund. The filing claims Rule 506(b), Section 3(c)(1) for an offering of pooled investment fund interests.

Is DLP Access Fund 1 LLC legit?

AltStreet does not rate legitimacy; it reports the public record. DLP Access Fund 1 LLC filed a Form D with the SEC on May 9, 2019 claiming Rule 506(b), Section 3(c)(1). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $3,606,900 sold to 94 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is DLP Access Fund 1 LLC registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that DLP Access Fund 1 LLC claimed Rule 506(b), Section 3(c)(1) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has DLP Access Fund 1 LLC raised?

DLP Access Fund 1 LLC reported $3,606,900 sold from 94 investors of a $3,606,900 total offering as of the Form D filed May 9, 2019.

Who can invest in DLP Access Fund 1 LLC?

The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. Because the fund also relies on Section 3(c)(1), it may have no more than 100 beneficial owners. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $1,000.

What is the minimum investment in DLP Access Fund 1 LLC?

The Form D lists $1,000 as the minimum investment accepted from any outside investor as of May 9, 2019. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling DLP Access Fund 1 LLC and how are they paid?

The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly.

Who is behind DLP Access Fund 1 LLC?

The Form D lists 3 related persons: Assure Fund Management II LLC, director (Issuer's Administrative Manager); Jeremy Neilson, executive officer (Managing Director of the Issuer's Administrative Manager); Richard Thoms, executive officer (Officer of the Issuer's Administrative Manager). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is DLP Access Fund 1 LLC located?

The issuer's address on its SEC filings is Po Box 171305, Salt Lake City, UT 84117. Its phone number of record is (801) 419-0677. It is organized under the laws of Delaware.

How long is the DLP Access Fund 1 LLC offering open?

The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open, and no amendment is on record yet.

How large is DLP Access Fund 1 LLC?

The issuer declined to disclose its net asset value range on the Form D, which the form permits.

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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. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.