SO V Vero & I-Drive Co-Invest, LLC
Built from the SEC filing index the day the filing landed. The figures below are the issuer's own from Form D; AltStreet's analysis, sponsor link and data flags follow when the entity is enriched.
Raised
$21M
Investors
64
Min Invest
$100,000
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What this filing shows
·Every sentence is a value as filed on SEC Form D
SO V Vero & I-Drive Co-Invest, LLC is a Florida limited liability company that first filed a Form D on October 5, 2023 and most recently amended it on October 18, 2023 in the Residential industry group. The offering claims Rule 506(b), Section 3(c)(7) and covers equity and pooled investment fund interests. SO V Vero & I-Drive Co-Invest, LLC reported $21,398,000 sold from 64 investors of a $21,398,000 total offering as of the Form D filed October 18, 2023. 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)(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 minimum investment accepted from an outside investor is $100,000. The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly. The issuer's address of record is 401 E Las Olas Blvd., Suite 2220, Ft. Lauderdale, FL 33301.
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings on Record
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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
Investor
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
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Adviser of Record (Form ADV)
CRD 171580 · SEC-registered adviser · lists this fund on Schedule D 7.B.(1) as a real estate fund
Auditor named on Form ADV: Kaufman, Rossin & Co. P.A · 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.
Ned Bannon
Executive Officer, Director · Fort Lauderdale, FL
"President & CEO (Managing Director) of SouthOcean Capital Partners, LLC (""SOCP""), the Managing Member of SouthOcean Real Estate Manager V, LLC, the Manager of Issuer (Issuer is a manager-managed LLC)."
David Horvitz
Executive Officer · Fort Lauderdale, FL
Chairman & Treasurer (Managing Director) of SOCP, the Managing Member of the Manager of Issuer.
David Roth
Executive Officer · Fort Lauderdale, FL
Secretary (Managing Director) of SOCP, the Managing Member of the Manager of Issuer.
Questions About SO V Vero & I-Drive Co-Invest, LLC
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is SO V Vero & I-Drive Co-Invest, LLC?
SO V Vero & I-Drive Co-Invest, LLC is a Florida limited liability company that filed a Form D with the SEC on October 18, 2023 in the Residential industry group. The filing claims Rule 506(b), Section 3(c)(7) for an offering of equity and pooled investment fund interests.
Is SO V Vero & I-Drive Co-Invest, LLC legit?
AltStreet does not rate legitimacy; it reports the public record. SO V Vero & I-Drive Co-Invest, LLC filed a Form D with the SEC on October 18, 2023 claiming Rule 506(b), 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 $21,398,000 sold to 64 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 SO V Vero & I-Drive Co-Invest, 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 SO V Vero & I-Drive Co-Invest, LLC claimed Rule 506(b), 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 SO V Vero & I-Drive Co-Invest, LLC raised?
SO V Vero & I-Drive Co-Invest, LLC reported $21,398,000 sold from 64 investors of a $21,398,000 total offering as of the Form D filed October 18, 2023.
Who can invest in SO V Vero & I-Drive Co-Invest, 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)(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 minimum investment accepted from an outside investor is $100,000.
What is the minimum investment in SO V Vero & I-Drive Co-Invest, LLC?
The Form D lists $100,000 as the minimum investment accepted from any outside investor as of October 18, 2023. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling SO V Vero & I-Drive Co-Invest, 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 SO V Vero & I-Drive Co-Invest, LLC?
The Form D lists 3 related persons: Ned Bannon, executive officer, director ("President & CEO (Managing Director) of SouthOcean Capital Partners, LLC (""SOCP""), the Managing Member of SouthOcean Real Estate Manager V, LLC, the Manager of Issuer (Issuer is a manager-managed LLC)."); David Horvitz, executive officer (Chairman & Treasurer (Managing Director) of SOCP, the Managing Member of the Manager of Issuer); David Roth, executive officer (Secretary (Managing Director) of SOCP, the Managing Member of the Manager of Issuer). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is SO V Vero & I-Drive Co-Invest, LLC located?
The issuer's address on its SEC filings is 401 E Las Olas Blvd., Suite 2220, Ft. Lauderdale, FL 33301. Its phone number of record is 954-331-0109. It is organized under the laws of Florida.
How long is the SO V Vero & I-Drive Co-Invest, 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; 1 amendment is on record for this CIK.
What is SO V Vero & I-Drive Co-Invest, LLC's revenue?
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.