Grant Park's NI-0819 Fund IV closes $151,671 offering with 10 investors

What's the deal? NI-0819 Fund IVDealroom has a profile for this one. Try Dealroom →, a series under Grant Park Ventures, LPDealroom has a profile for this one. Try Dealroom →, has completed a $151,671 exempt securities offering, fully subscribed by 10 investors. The fund is designated as both a pooled investment fund and a venture capital fund.

The details: The offering is dated August 27, with the notice signed on September 1 by Abraham Wilson, an authorized representative of the general partner's agent. Fund GP, LLCDealroom has a profile for this one. Try Dealroom → acts as the general partner, based at 301 North Market Street, Suite 1414, Wilmington, Delaware.

By the numbers: The fund raised the full $151,671, leaving no amount remaining. It allocated $8,000 toward lifetime administrative expenses.

The signal: Small, fully subscribed venture vehicles like this one point to a pattern of tightly held funds raising defined amounts from a compact group of backers rather than sprawling institutional pools.

Image credit: jurvetson