Zbs Partners is making headlines in the financial sector, and a recent SEC Form D filing offers a glimpse into their latest activities. This document, officially submitted to the U.S. Securities and Exchange Commission, provides essential details about an exempt offering of securities by ZBS Partners I Parallel LP. While the SEC has not reviewed or confirmed the accuracy of the information, this filing is a crucial piece of public record for those tracking ZBS Partners and the investment landscape.
Issuer and Identification of ZBS Partners
The filing clearly identifies the issuer as ZBS Partners I Parallel LP. This entity is registered with the CIK (Filer ID Number) 0001980337. ZBS Partners I Parallel LP is structured as a Limited Partnership based in Delaware and was formed within the last five years, specifically in 2023. This indicates ZBS Partners’ recent establishment of this particular investment vehicle.
Principal Business and Contact Details for ZBS Partners
ZBS Partners I Parallel LP is headquartered at 123 East 70th Street, New York, NY 10021. Interested parties can reach ZBS Partners at 949-228-2545. This New York address serves as the principal place of business for ZBS Partners I Parallel LP, placing them in a major financial hub.
Related Parties and Key Personnel at ZBS Partners
Several related entities and individuals are associated with this filing, shedding light on the ZBS Partners network. ZBS Partners I GP LLC is listed as the General Partner of the Issuer. Further, ZBS Partners, LLC is identified as the Investment Adviser of the Issuer. Key individuals associated with ZBS Partners include Nicholas Sloane, named as an Executive Officer and Managing Member of the Investment Adviser, and Linfu Zhang, also an Executive Officer and Managing Member of the Investment Adviser. These related parties are crucial in understanding the operational and management structure of ZBS Partners I Parallel LP.
Industry Group and Issuer Size of ZBS Partners
ZBS Partners I Parallel LP operates within the Pooled Investment Fund industry group. Specifically, it identifies as both a Hedge Fund and a Private Equity Fund. Interestingly, when it comes to Issuer Size, ZBS Partners has chosen to Decline to Disclose their Revenue Range and Aggregate Net Asset Value Range. This discretion is permitted under the filing requirements, offering limited insight into the current scale of ZBS Partners’ operations from this document alone. It is also confirmed that ZBS Partners I Parallel LP is not registered as an investment company under the Investment Company Act of 1940.
Federal Exemption(s) and Exclusion(s) Claimed by ZBS Partners
ZBS Partners is claiming exemption under Rule 506(b) and Investment Company Act Section 3(c)(7). Rule 506(b) is a common exemption for private offerings, allowing issuers to raise an unlimited amount of money without needing to register the offering with the SEC, provided certain conditions are met, including restrictions on general solicitation and advertising. Section 3(c)(7) of the Investment Company Act exempts investment companies from registration if their securities are sold to qualified purchasers only. These exemptions indicate that ZBS Partners is targeting sophisticated investors in this offering.
Offering Details and Terms from ZBS Partners
This is a New Notice filing, indicating a fresh offering from ZBS Partners. The First Sale Yet to Occur box is checked, suggesting the offering is prospective. The intended duration of the offering is not more than one year. The types of securities offered include Equity and Pooled Investment Fund Interests. The total offering amount is substantial, set at $350,000,000 USD, with the possibility of being indefinite. As of the filing date, the Total Amount Sold is $0 USD, and the Total Remaining to be Sold mirrors the total offering amount at $350,000,000 USD. The Minimum investment accepted from any outside investor is listed as $0 USD, providing flexibility in investment amounts, though likely aimed at larger investors given the fund type.
Sales Compensation, Investors, and Use of Proceeds by ZBS Partners
The filing states that there is No Recipient for Sales Compensation and None for any associated Broker or Dealer, suggesting a direct offering by ZBS Partners. Currently, the total number of investors who have already invested in the offering is 0. Regarding the use of proceeds, $0 USD is designated for payments to executive officers, directors, or promoters named in Item 3. However, the clarification notes that the General Partner is entitled to a carried interest, and the Issuer will pay management fees to its Investment Adviser, as detailed in confidential offering materials. This is standard practice for private equity and hedge funds like ZBS Partners.
This Form D filing provides a structured overview of ZBS Partners I Parallel LP’s securities offering. While it is a snapshot in time and lacks the detailed offering materials, it serves as a valuable resource for understanding ZBS Partners’ current fundraising activities and operational structure within the investment management industry. For comprehensive information, further due diligence and review of the confidential offering documents are recommended.
