SEC filing record
Primary Source · SEC.gov

Rialto Senior Life Settlement Fund LLC

Fund Vehicle2020 vintage506(b)

Raised

$2M

Investors

1

Min Invest

$25,000

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AltStreet Analysis

·

Generated from EDGAR primary sources

Rialto Senior Life Settlement Fund LLC is a Texas-domiciled pooled investment vehicle that filed a Form D on 2020-07-13 under the Rule 506(b) exemption, reporting $1.9M raised from a single investor at a $25K minimum investment. The offering covers both equity and debt securities, with Marc Toomey listed as the sole related person (executive officer, director, and promoter). This is an original filing with no evident link to a known sponsor platform.

This filing sits within the alternative investment category as a small, single-investor private fund raise using the common 506(b) exemption, which permits non-accredited investors but restricts general solicitation. A $25K minimum is on the lower end for private placements in this space, and the combined equity/debt structure is consistent with life settlement funds that often layer investor capital across both instrument types.

Data Flags

totalInvestorsThe entire $1.9M raised came from a single investor, representing full concentration of capital in one investor relative to the stated $25K minimum — consistent with an anchor investor or initial close rather than a broadly distributed raise.
firstSaleDateFirst sale date is not disclosed despite $1.9M already having been sold, leaving the raise timeline unclear for a sub-$100M offering.
securitiesTypeFiling lists both Equity and Debt as securities types sold, which is less common for a single offering and may reflect a layered capital structure typical of life settlement funds.

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001817697
Entity NameRialto Senior Life Settlement Fund LLC
ExemptionRule 506(b)
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.
Entity TypeLimited Liability Company
Jurisdiction of OrganizationTexas
Issuer Address2639 N Greenwood Ave, Arlington Heights, IL 60004
Phone(213) 888-1618
Industry / Fund TypeInvesting
Securities TypeEquity, Debt
First Sale Date—
Filing DateJuly 13, 2020
Accession Number0001817697-20-000001
Total Offering Amount$20,000,000
Total Amount Sold$1,882,360
Amount Remaining$18,117,640
Total Investors1
Non-Accredited InvestorsYes
Minimum Investment$25,000
Offering DurationOne year or less
Revenue RangeNot Applicable
State (Issuer Address)IL
Amendment CountOriginal filing only

Filings on Record

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In the Terminal

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NAV prints

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Offering chains

1

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Related Persons (Form D)

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

Marc Toomey

Executive Officer, Director, Promoter · Arlington Heights, IL

Questions About Rialto Senior Life Settlement Fund LLC

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

What is Rialto Senior Life Settlement Fund LLC?

Rialto Senior Life Settlement Fund LLC is a Texas limited liability company that filed a Form D with the SEC on July 13, 2020 in the Investing industry group. The filing claims Rule 506(b) for an offering of equity and debt.

Is Rialto Senior Life Settlement Fund LLC legit?

AltStreet does not rate legitimacy; it reports the public record. Rialto Senior Life Settlement Fund LLC filed a Form D with the SEC on July 13, 2020 claiming Rule 506(b). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $1,882,360 sold to 1 investor. 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 Rialto Senior Life Settlement Fund 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 Rialto Senior Life Settlement Fund LLC claimed Rule 506(b) 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 Rialto Senior Life Settlement Fund LLC raised?

Rialto Senior Life Settlement Fund LLC reported $1,882,360 sold from 1 investor of a $20,000,000 total offering as of the Form D filed July 13, 2020.

Who can invest in Rialto Senior Life Settlement Fund 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. The filing reports non-accredited investors. The minimum investment accepted from an outside investor is $25,000.

What is the minimum investment in Rialto Senior Life Settlement Fund LLC?

The Form D lists $25,000 as the minimum investment accepted from any outside investor as of July 13, 2020. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling Rialto Senior Life Settlement Fund 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 Rialto Senior Life Settlement Fund LLC?

The Form D lists 1 related person: Marc Toomey, executive officer, director, promoter. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is Rialto Senior Life Settlement Fund LLC located?

The issuer's address on its SEC filings is 2639 N Greenwood Ave, Arlington Heights, IL 60004. Its phone number of record is 213-888-1618. It is organized under the laws of Texas.

How long is the Rialto Senior Life Settlement Fund 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.

What is Rialto Senior Life Settlement Fund LLC's revenue?

The Form D reports a revenue range of Not Applicable.

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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.