68
SOLCAP 38N 2026-1 LLC files a $41M other fund fund
New fund · Other fund · Closed · Offering $41M · Sold $41M · LAS VEGAS, NV · filed 2026-05-14
First filing by this entity506(c) general solicitationPlacement agent engaged
41
SOLCAP 38N 2026-1 LLC updates its Form D — $58M sold
Fund raise update · Other fund · Closed · LAS VEGAS, NV · Form D/A filed 2026-10-22 · all Solcap 38N vehicles
Capital closing now
How this compares
- $58M is larger than 84% of the 1,758 other fund fund launches with a stated size in the last two years; the median is $5M.
- Among 171 fund launches filed from NV in the same window it is larger than 90%; the NV median is $4M.
- Across 242 other fund sponsors with more than one launch on EDGAR, the median gap between consecutive funds is 4 months.
- This is the sponsor's 2nd fund launch on EDGAR; the previous one, SOLCAP 38N 2026-1 LLC, was filed 5 months earlier at $41M.
Computed from every Form D fund launch on EDGAR since late 2024, not sampled. Amounts are the stated offering size; indefinite offerings are excluded.
Raise progress
Sold rose from $41M to $58M (+$17M, +1 investor) in 161 days since the previous filing.
| Filed | Form | Sold | Investors | Change |
|---|---|---|---|---|
| 2026-05-14 | D | $41M | 3 | |
| 2026-10-22 | D/A | $58M | 4 | +$17M |
Amount sold and investor count as restated on each of the issuer's Form D filings. A rise since the previous filing is capital closed in between.
Solcap 38N on EDGAR
Earlier and related filings by the same issuer and sponsor. All Solcap 38N vehicles →
People on the filing
| N/A KeyState Renewables LLC | Executive Officer, Director, Promoter |
| Joshua C Miller | Executive Officer, Director, Promoter |
| Nicholas R Miller | Executive Officer, Director |
| Monte L Miller | Executive Officer, Director |
[email protected] · observed Work emails for the people on the filing, where the firm publishes or patterns them, labelled by confidence — subscribers
Signed by Joshua C. Miller, CEO of Managing Member.
Placement agents / sales compensation: Joshua C. Miller; William Hoving; Sanford Fleck
Why now — by persona
Relevant to: Fund audit & tax, Fund administrator, Placement agent / capital introduction, Custodian / prime broker.
Filing contact
The issuer's phone number and address from the filing are shown to subscribers. See plans.