Allencrest Capital Management is the general partner of a Regulation D Rule 506(c) private fund. Below is the compliance framework that governs the firm and the Fund.
Allencrest Hospitality Fund I LP is offered in reliance on Rule 506(c) of Regulation D. Under Rule 506(c), sales may be made only to verified accredited investors; self-certification is not sufficient. General solicitation is permitted, which is why this website and related marketing are publicly available.
The firm relies on third-party verification services and written verification letters from qualified professionals (CPA, licensed attorney, registered investment adviser, registered broker-dealer) consistent with Rule 506(c)(2)(ii). Subscribers may be asked to submit tax returns, bank or brokerage statements, or similar documentation.
The GP files a Form D notice with the U.S. Securities and Exchange Commission within 15 days of the first sale and makes state “blue sky” notice filings in each state in which the Fund has investors.
Allencrest Capital Management is not a broker-dealer and is not a registered investment adviser. It acts solely as the general partner and manager of the Fund. Individuals acting on behalf of the Fund are not registered representatives of a broker-dealer.
Private investments involve a high degree of risk, including illiquidity, concentration risk, operational risk, leverage risk, market risk, and regulatory risk. Prospective investors should review the risk-factor section of the Private Placement Memorandum carefully and consult their own legal, tax, and financial advisors. Past performance and any illustrative returns are not a guarantee of future results.
The Fund invests in Hilton-flagged hotels that will be operated by Allencrest Hospitality Operations LLC and technology-enabled by Allencrest Technology LLC, each an affiliate of the GP. Related-party service agreements are priced at arm’s length, supported by transfer-pricing documentation, and disclosed in the PPM. The Investment Committee reviews and approves material related-party transactions.
The firm maintains an AML program appropriate for a 506(c) private fund. Each subscriber is screened against OFAC and other sanctions lists. Subscribers whose investment is of uncertain origin may be declined, and suspicious activity may be reported to regulators as required.
Books and records are maintained by an independent fund administrator. The Fund’s annual financial statements are audited in accordance with US GAAP by an independent PCAOB-registered auditor. Annual Schedule K-1s are delivered to LPs consistent with partnership tax reporting obligations.
Counsel Disclosure. This page summarizes compliance topics for informational purposes only. It does not constitute legal, tax, or investment advice. Prospective investors should consult qualified legal counsel, a Certified Public Accountant, and a financial advisor before investing. Capitalized terms have the meanings given in the Private Placement Memorandum and Limited Partnership Agreement, which control in the event of any inconsistency with this website.