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EDGAR Verified
Primary Source · SEC.gov

Hiive Cerebras Series III a Series of Hiive Cerebras LLC

CIK 0002039159Single-Deal SPV2024 vintage506(b), 3(c)(1)

Raised

$3M

Investors

79

Min Invest

$0

AltStreet Analysis

·

Generated from EDGAR primary sources

Hiive Cerebras Series III is a pooled investment fund organized as a series of Hiive Cerebras LLC, filed September 27, 2024, raising $3.1M from 79 investors under Regulation D exemptions 506(b) and 3(c)(1). The offering has no stated minimum investment and is managed by LLC Sydecar with Taylor Hughes as executive officer. This entity is part of the Hiive platform ecosystem, which operates 69 related EDGAR entities focused on private equity access.

This filing represents a typical platform-facilitated private equity vehicle using the 506(b) exemption combined with 3(c)(1) Investment Company Act relief, allowing up to 99 beneficial owners without SEC registration as an investment company. The $0 minimum investment and relatively large investor count (79) suggest a democratized access model uncommon in traditional private equity, where minimums typically start at $25K-$100K for accredited investors.

Data Flags

minimum investment$0 stated minimum on a $3.1M raise with 79 investors suggests broad retail/accredited distribution rather than institutional capital
investor count79 investors for $3.1M raise indicates average check size of ~$39K, significantly lower than typical private equity vehicles
first sale dateFirst sale date not disclosed despite substantial capital already raised
generalEntity name suggests exposure to Cerebras (AI chip company), part of pattern with sister entities focused on Anthropic (AI company)

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002039159
Entity NameHiive Cerebras Series III a Series of Hiive Cerebras LLC
Exemption506(b), 3(c)(1)
First Sale Date
Filing DateSeptember 27, 2024
Accession Number0002039159-24-000001
Total Amount Sold$3M
Total Investors79
Minimum Investment$0 (no stated minimum)
Securities TypePooled Investment Fund
State of IncorporationNot specified
Amendment CountOriginal filing only

Related Persons (Form D)

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

Sydecar LLC

Director · Claymont, DE

Taylor Hughes

Executive Officer · Claymont, DE

Is this your offering?

Claim this profile to add contact information, team members, LinkedIn profiles, fund history, and additional financial data. EDGAR-sourced data and AltStreet analysis cannot be edited, but corrections can be requested for verifiable inaccuracies.

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.