Andrew Tan Investments, LP announced it has raised $1.6 million from 71 investors for its pooled investment fund, FR-0918 Fund I, according to its SEC Form D filing. The fund aims to pool capital for diversified investments and was officially reported this week.
The fundraising process involved securing commitments from a broad base of investors, totaling 71 participants. The filing with the U.S. Securities and Exchange Commission details the fund structure and the amount raised, confirming the close of this initial round. The fund is structured as a series under Andrew Tan Investments, LP, facilitating pooled investments from accredited investors.
This raise adds to the growing trend of pooled investment funds gaining traction in the market, providing investors access to diversified portfolios managed by experienced fund managers. Compared to smaller funds like Red Beard Ventures Syndicates, which raised $113,000 from 23 investors, Andrew Tan Investments' $1.6 million round is a notable increase in scale, reflecting investor confidence in this fund's strategy.
The SEC Form D filing for FR-0918 Fund I was submitted recently, marking the official disclosure of the $1.6 million raise. The fund now prepares to deploy capital according to its investment mandate, with 71 investors participating in this round, as documented in the SEC filing.