SEC filing record
Primary Source · SEC.gov

SOUND VENTURES AI FUND, L.P.

Fund Vehicle2023 vintage506(c), 3(c)

Raised

$266M

Investors

60

Min Invest

None stated

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AltStreet Analysis

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Generated from EDGAR primary sources

SOUND VENTURES AI FUND, L.P. is a Delaware limited partnership managed by Ashton Kutcher and Guy Oseary via SOUND VENTURES AI FUND GP, LLC. This amended filing reports $265.8M raised from 60 investors under Rule 506(c) and Section 3(c) exemptions. No minimum investment is disclosed on this filing.

This pooled investment fund uses the 506(c) exemption permitting general solicitation with accredited-investor verification, typical for institutionally-marketed venture funds. The $4.4M average commitment and 60-investor base reflect a broad institutional and high-net-worth investor distribution consistent with emerging manager AI-focused strategies.

Data Flags

sales_commissionsNo sales commissions reported on a $265.8M 506(c) offering; while permissible, large general solicitation raises typically involve broker-dealers or placement agents
first_sale_dateFirst sale date not disclosed on amended filing despite $265.8M already raised; limits ability to assess fundraising velocity

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001966096
Entity NameSOUND VENTURES AI FUND, L.P.
ExemptionRule 506(c), Section 3(c), Section 3(c)(7)
What the exemption meansRule 506(c) of Regulation D: the issuer may advertise the offering publicly, but every purchaser must be a verified accredited investor. Section 3(c) of the Investment Company Act of 1940: the issuer is a pooled investment vehicle relying on an exclusion from registration as an investment company. Section 3(c)(7) of the Investment Company Act: the fund is excluded from investment-company registration because every investor is a qualified purchaser, generally an individual with at least $5 million in investments or an institution with at least $25 million.
Entity TypeLimited Partnership
Jurisdiction of OrganizationDelaware
Issuer Address3130 Wilshire Blvd. #600, Santa Monica, CA 90403
Phone(626) 512-3986
Industry / Fund TypePooled Investment Fund · Venture Capital Fund
Investment Company ActExcluded under Section 3(c)(7) (qualified purchasers only)
Securities TypeEquity, Pooled Investment Fund
First Sale Date—
Filing DateOctober 13, 2023
Accession Number0001966096-23-000002
Total Offering AmountIndefinite
Total Amount Sold$265,817,500
Total Investors60
Non-Accredited InvestorsNone
Minimum Investment$0 (no stated minimum)
Offering DurationOne year or less
Revenue RangeDecline to Disclose
State (Issuer Address)CA
Amendment Count2 filings on record

Filings on Record

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

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

lapsed

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Fund family Part of the SOUND VENTURES AI FUND family: 2 vehicles across 0 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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Adviser of Record (Form ADV)

Sound Development, LLC

CRD 283211 · exempt reporting adviser · lists this fund on Schedule D 7.B.(1) as a venture capital fund

Auditor named on Form ADV: Kpmg LLP · PCAOB-registered per the adviser

From the adviser's Form ADV as loaded from the SEC bulk data, joined on this issuer's Form D file number. Fund-level figures and the adviser's full fund roster are in the terminal.

Related Persons (Form D)

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

N/A SOUND VENTURES AI FUND GP, LLC

Executive Officer, Promoter · SANTA MONICA, CA

EFFIE EPSTEIN

Executive Officer, Promoter · SANTA MONICA, CA

ASHTON KUTCHER

Executive Officer, Promoter · SANTA MONICA, CA

GUY OSEARY

Executive Officer, Promoter · SANTA MONICA, CA

Placement Agents and Sales Compensation (Form D)

Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.

J.P. MORGAN SECURITIES LLCCRD 79 on BrokerCheck

Associated broker-dealer: None · NEW YORK, NY · Soliciting in all states

Questions About SOUND VENTURES AI FUND, L.P.

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

What is SOUND VENTURES AI FUND, L.P.?

SOUND VENTURES AI FUND, L.P. is a Delaware limited partnership that filed a Form D with the SEC on October 13, 2023 as a venture capital fund. The filing claims Rule 506(c), Section 3(c), Section 3(c)(7) for an offering of equity and pooled investment fund interests.

Is SOUND VENTURES AI FUND, L.P. legit?

AltStreet does not rate legitimacy; it reports the public record. SOUND VENTURES AI FUND, L.P. filed a Form D with the SEC on October 13, 2023 claiming Rule 506(c), Section 3(c), Section 3(c)(7). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $265,817,500 sold to 60 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 SOUND VENTURES AI FUND, L.P. 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 SOUND VENTURES AI FUND, L.P. claimed Rule 506(c), Section 3(c), Section 3(c)(7) 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 SOUND VENTURES AI FUND, L.P. raised?

SOUND VENTURES AI FUND, L.P. reported $265,817,500 sold from 60 investors in an offering of indefinite size as of the Form D filed October 13, 2023.

Who can invest in SOUND VENTURES AI FUND, L.P.?

The offering relies on Rule 506(c), so the issuer may advertise it but may sell only to investors it has verified as accredited. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated.

What is the minimum investment in SOUND VENTURES AI FUND, L.P.?

The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.

Who is selling SOUND VENTURES AI FUND, L.P. and how are they paid?

The Form D names J.P. MORGAN SECURITIES LLC (CRD 79), associated with None as the recipient of sales compensation soliciting in all states.

Who is behind SOUND VENTURES AI FUND, L.P.?

The Form D lists 4 related persons: SOUND VENTURES AI FUND GP, LLC, executive officer, promoter; EFFIE EPSTEIN, executive officer, promoter; ASHTON KUTCHER, executive officer, promoter; GUY OSEARY, executive officer, promoter. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is SOUND VENTURES AI FUND, L.P. located?

The issuer's address on its SEC filings is 3130 Wilshire Blvd. #600, Santa Monica, CA 90403. Its phone number of record is (626) 512-3986. It is organized under the laws of Delaware.

How long is the SOUND VENTURES AI FUND, L.P. 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; 1 amendment is on record for this CIK.

How large is SOUND VENTURES AI FUND, L.P.?

The issuer declined to disclose its revenue 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.