PartnerFacts
Data last updated: Oct 23, 2026, 5:45 PM ETLatest filing: Oct 22, 2026Now: Oct 24, 2026, 7:57 AM ET

Sponsor Check › Sponsor group

GL

Group linked by Justin Guoqiang Liu

One sponsor team, 3 deal companies · Golden, CO

Grouped because: 2 shared people, same business address (3 issuers), similar issuer names (2) (automatic match from the filings) · not the same sponsor?

3deal companies
$260Kreported sold
3investors
5Form D filings
2023–2026active
1new, last 12 mo
Follow this sponsor groupLook further ↓

Data last updated Oct 23, 2026, 5:45 PM ET · Latest filing in this group May 4, 2026 · Courts (RECAP) last checked: Oct 24, 2026, 2:16 AM ET · SEC enforcement last checked: covered by the index scan as of Oct 24, 2026, 2:50 AM ET

The short version

Group linked by Justin Guoqiang Liu is a sponsor group of 3 issuers that PartnerFacts links to one sponsor (shared people, same business address, similar issuer names; automatic match from the filings), filing 5 Form D filings between Aug 2023 and May 2026.

What this means One team, 3 deal companies, about 3 years of track record in SEC filings. We link the companies because the same people or address appear on their forms — tap "Request a correction" if that is wrong.

Combined reported sold: $260K to 3 investors (latest filing per issuer). Industries as reported: Commercial (2), Other Real Estate (1). Issuers are based in CO (3).

What this means $260K raised across the group, about $87K per investor. Amounts come from each company's latest Form D; they are what the sponsor reported, not audited figures.

Principal people: Brent Vaughn (2 issuers, executive officer), Justin Guoqiang Liu (2 issuers, executive officer) and Guoqiang Liu (1 issuer, executive officer).

What this means The person on the most companies is usually the one running the show; their page lists every deal.

Activity: 1 new offering in the last 12 months; latest filing May 4, 2026.

What this means still raising money this year.

Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AK, AL, AR, AZ, CA, CT, DE, FINRA, GA, HI, ID, IL, KS, KY, LA, MA, MD, ME, MI, MO, MS, MT, NASAA, NC, ND, NH, NM, NV, OK, OR, PA, RI, SC, SD, TN, TX, VT, WA, WI, WV, WY), property records (NYC, FL, IL and TX counties) — none found.

What this means Nothing turned up where we looked (4 sources). That does not prove there is nothing — it means none was found in those sources on that date.

We compared 5 public filings for Group linked by Justin Guoqiang Liu and found 5 differences, 1 worth asking the sponsor about: 115% of the money raised went to insiders; and more below.

What this means These are differences between the sponsor's own SEC filings — both values, dates and sources are listed in Key records, section 4. Most have ordinary explanations; ask the sponsor.

What the community is saying

Community search for Group linked by Justin Guoqiang Liu has not run yet — it is joining a line of 29,393 names; searches run around the clock at the hosts' allowed rate. Searched so far: 638 names.

Community comments are quoted as written by their authors. Sources searched: BiggerPockets forums (via DuckDuckGo, Brave, Bing and BiggerPockets search) and Reddit (search feed + public archive).

Key records

Five things investors ask first. Items still in human review are counted, not shown.

1. Lawsuits

None found in sources searched — federal courts (CourtListener / RECAP), checked Oct 24, 2026

What was searched

Sources searched: CourtListener bulk data (RECAP dockets as of 2026-09-30; recall-first rule 10-24) — federal district + bankruptcy courts State courts: not covered (one-tap state court links under Look further). PACER: not searched. · Last checked Oct 24, 2026, 2:16 AM ET.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

2. Regulatory actions

None found in sources searched — SEC enforcement releases (index scan as of Oct 24, 2026, 2:50 AM ET) · state securities regulators: VA (crawled Oct 23, 2026)

What was searched

SEC enforcement searched: SEC litigation releases and administrative proceedings — respondent names in the sec.gov index titles (30,205 releases, 1995-09-19 to 2026-10-23); release text is read only to confirm a candidate. Names that appear only in the body of a release are not found. — Searched SEC litigation releases and administrative proceedings (1995→ / 2007→) (30,205 records as of Oct 24, 2026, 2:50 AM ET) — nothing matched Group linked by Justin Guoqiang Liu..

State securities regulators: Securities regulators searched (3,318 actions): AZ Corporation Commission Securities Division (411 actions, 2017–2026), CA DFPI (25 actions, 2007–2024; listing starts 2002 — 16 of 12,159 DFPI respondent pages read so far; sponsor-name matches are read first), DE DOJ Investor Protection Unit (257 actions, 1987–2026), TX State Securities Board (586 actions, 2006–2026), WA DFI (2,039 actions, 2001–2026) — last crawled Oct 23, 2026, 9:57 PM ET. No machine-readable public listing today for CO, FL, IA, IN, MN, NE, NJ, NY, OH, UT, VA (see docs/state-regulators.md).

3. Bankruptcies

None found in sources searched — federal bankruptcy courts (CourtListener / RECAP), checked Oct 24, 2026

What was searched

Sources searched: Federal bankruptcy courts via CourtListener / RECAP archive (federal district courts, federal bankruptcy courts). State courts: not covered (one-tap state court links under Look further). PACER: not searched (RECAP only). · Last checked Oct 24, 2026, 2:16 AM ET.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

4. Differences between public sources

No comparisons published

What is compared

No public statement by this sponsor group has been collected yet, so there is nothing to compare. Sources compared: the sponsor's own website (known from the issuer's own filings — Form C issuer website, EDGAR company profile — an approved profile claim or Form ADV Item 1.I of its matched adviser) · SEC Form D · SEC Form ADV (IAPD) · Internet Archive · No website is on file for this sponsor group yet.

5 differences found between the filings for Group linked by Justin Guoqiang Liu — 1 worth asking about (compared 5 filings on Oct 24, 2026)

Worth asking · Aug 25, 2023

115% of the money raised went to insiders — Boulder Capital Upstream Energy, LP

The Aug 25, 2023 Form D reports $260,000 sold and $300,000 of the proceeds used for payments to officers, directors or promoters (marked as an estimate). Issuer's note: "Acquisition Fee".

What this means The filing reports how much of the money raised was paid to insiders. Over 10% is high for most deals. Ask what it paid for.

Form D · Aug 25, 2023 ↗Boulder Capital Upstream Energy, LP — PartnerFacts page ↗
Sources
Note · Aug 25, 2023

Last filing Aug 25, 2023 with 3% of the target sold — Boulder Capital Upstream Energy, LP

Boulder Capital Upstream Energy, LP (last filing Aug 25, 2023; $260,000 sold of $10,000,000). There is no filing in more than two years and the last one reported under half the target sold.

What this means An issuer whose last filing is more than two years old and reported under half its target sold. The raise may have closed early or quietly stopped. Ask what happened to each.

Boulder Capital Upstream Energy, LP — PartnerFacts page ↗EDGAR filer page ↗
Sources
Note · Aug 17, 2023 – Aug 25, 2023

No amendment in the last 12 months on an offering that may still be open — Boulder Capital Upstream Energy, LP (latest filing Aug 25, 2023)

The latest filing for this offering is dated Aug 25, 2023 (first sale Aug 17, 2023). It reports $260,000 sold of $10,000,000 offered. No later amendment is in our index as of Oct 24, 2026.

What this means SEC rules expect a yearly amendment while an offering is still going. The raise may simply have ended — a Form D does not say when it closed. Ask the sponsor whether the offering closed, when, and at what amount.

Form D · Aug 25, 2023 ↗Boulder Capital Upstream Energy, LP — PartnerFacts page ↗
Sources
Note · Jul 9, 2024 – May 4, 2026

Justin Guoqiang Liu is written 2 different ways on the filings

listed as "Justin Guoqiang Liu" on 3 filings (from Jul 9, 2024), and "Justin Liu" on the May 4, 2026 filing.

What this means Same person, written differently — a middle name or suffix left off, or spelled another way. It is normal, but check that the full legal name matches your subscription documents.

Form D · Jul 9, 2024 ↗Form D · May 4, 2026 ↗Justin Guoqiang Liu — PartnerFacts page ↗
Sources
Note · Aug 25, 2023 – May 4, 2026

Member companies were formed in 3 different states

Kansas (1), Ohio (1), Colorado (1) — out of 3 member issuers. The odd ones out: Boulder Capital Aspen Private Credit Fund LLC (Ohio); Vaughn & Liu LLC (Colorado).

What this means Sponsors often form each deal company in Delaware or Wyoming no matter where the property is. A mix is common; it just tells you which state's rules each company lives under.

Group linked by Justin Guoqiang Liu — sponsor group page ↗Boulder Capital Aspen Private Credit Fund LLC — PartnerFacts page ↗Vaughn & Liu LLC — PartnerFacts page ↗
Sources
What is compared

What is compared: every Form D and D/A we hold for this subject, side by side — filing dates vs. first-sale dates (the 15-day rule), amendment timing on open offerings (the yearly-amendment expectation), amounts sold, investor counts, offering amounts and minimums across amendments, industry and size bands, addresses, how each person's name and role is written, paid sellers' CRD numbers, and (for groups) where the member companies were formed and sit. Everything is as filed by the issuer; the SEC does not check it. Differences are common and usually have ordinary explanations — we show both values, the dates, and the source so you can ask. As of Oct 24, 2026.

5. Money to insiders

0 of 3 offerings report sales commissions; 0 report finder's fees; 1 reports proceeds to related persons totalling $300,000. (includes amounts the issuer reported as estimates)

Offering (latest filing)Sales commissionsFinder's feesTo insidersPaid to sell itSource
May 4, 2026 D
Vaughn & Liu LLC
File 021-582780
$0$0$0 (est.)None listed on this filingEDGAR ↗
Nov 18, 2025 D/A
Boulder Capital Aspen Private Credit Fund LLC
File 021-518123
$0$0$0 (est.)None listed on this filingEDGAR ↗
Aug 25, 2023 D
Boulder Capital Upstream Energy, LP
File 021-490678
$0$0$300,000 (est.)
Acquisition Fee
None listed on this filingEDGAR ↗
How this is counted

Counts come from Form D Items 12–15 on the filings in our index (latest filing per offering; one offering = one SEC file number; an amendment updates its offering rather than adding one). "To insiders" = gross proceeds used for payments to executive officers, directors or promoters. "—" = not reported on that filing. Amounts marked (est.) were reported as estimates. "Paid to sell it" = sales compensation recipients named on that filing (Item 12), each linked to FINRA BrokerCheck when a CRD number is reported.

Counted across all 3 issuers in this group — every filing in our index, latest filing per offering (SEC file number).

Property records 0 documents · 0 ownership records · last checked Oct 24, 2026, 7:56 AM ET · NYC and Cook County lookup still to run

0 recorded documents and 0 ownership records matched to Group linked by Justin Guoqiang Liu in the sources searched.

Not found in sources searched as of Oct 24, 2026, 7:56 AM ET: Hillsborough County FL Clerk of Court Official Records daily index (publicrec.hillsclerk.com D/P/M files), 2 daily files (Oct 14, 2026 to Oct 15, 2026) — loaded Oct 23, 2026, 8:59 PM ET; Harris County TX (HCAD ownership rolls 2006–2026) — 1,005,848 records, loaded Oct 24, 2026, 7:56 AM ET; Dallas County TX (DCAD ownership roll 2026) — 173,688 records, loaded Oct 23, 2026, 8:58 PM ET; Hillsborough County FL (FL DOR 2026 ownership roll + Clerk recorded-document index Oct 14, 2026 to Oct 15, 2026), Miami-Dade County FL (FL DOR 2026 ownership roll) — 294,950 records, loaded Oct 23, 2026, 8:58 PM ET. Still to be looked up for this group: NYC ACRIS via NYC Open Data (Real Property Parties 636b-3b5g, Master bnx9-e6tj, Legals 8h5j-fqxa, Document Control Codes 7isb-wh4c) · NYC PLUTO ownership via NYC Open Data (64uk-42ks) · Cook County IL Assessor via Cook County Open Data (Parcel Sales wvhk-k5uv; Parcel Addresses 3723-97qp). Records in other counties, and recorder indexes we do not yet cover, were not searched.

Property records coverage: New York City (ACRIS recorded documents and PLUTO ownership, looked up per issuer when its page is viewed; re-checked when the page is viewed again more than 30 days after the last check); Harris County TX (ownership only, no deed, mortgage or sale records; HCAD ownership rolls 2006–2026); Dallas County TX (ownership only, no deed, mortgage or sale records; DCAD ownership roll 2026); Hillsborough County FL (FL DOR 2026 ownership roll + Clerk recorded-document index Oct 14, 2026 to Oct 15, 2026), Miami-Dade County FL (FL DOR 2026 ownership roll); Cook County IL (assessor ownership and deed/sale records, looked up per issuer when its page is viewed). Recorder indexes (party names on deeds, mortgages and liens) in TX, AZ, NV, CA and WA counties and outside the Clerk index in FL, mortgages and liens outside NYC and Hillsborough County, lis pendens and foreclosure notices everywhere, Los Angeles County CA, Clark County NV, King County WA (loader ready; first load not finished), Cook County IL bulk pass (not finished; per-issuer lookups only so far), New York City bulk pass (not finished; per-issuer lookups only so far), Maricopa County AZ (loader ready; commercial-purpose statement not yet filed), Salt Lake County UT, and all other counties are not covered — not searched. Last refresh by source: Harris County Appraisal District real_acct.txt Oct 24, 2026, 7:56 AM ET; Hillsborough County FL Clerk daily index Oct 23, 2026, 8:59 PM ET; Dallas Central Appraisal District ACCOUNT_INFO.CSV Oct 23, 2026, 8:58 PM ET; Florida DOR NAL roll (Dade 23) Oct 23, 2026, 8:58 PM ET; Florida DOR NAL roll (Hillsborough 39) Oct 23, 2026, 8:54 PM ET. NYC and Cook County are also looked up per issuer when its page is viewed; the most recent such lookup on this site finished Oct 24, 2026, 3:30 AM ET. Parties are named as the recorder's index names them (role suffixes as recorded); no address, account number or trust date is shown for an individual, and individual owners of record (home ownership) are not matched or shown. Items still in human review are not shown.

Issuers in this group

Why each issuer is here is stated in the "Linked by" column. Low-confidence links are never shown — they wait for human review.

SourceIssuerLinked byLocationIndustryFilingsSold (max)InvestorsMin. investment (latest filing)Active
EDGAR ↗BC Boulder Capital Upstream Energy, LPshared people, same business address, similar issuer namesGOLDEN, COCommercial1$260,000
offering $10,000,000 · similar: $3,000,000–$20,000,000
3
similar: 4–26
$100,000
similar: $25,000–$100,000
2023–2023
EDGAR ↗BC Boulder Capital Aspen Private Credit Fund LLCshared people, same business address, similar issuer namesGOLDEN, COCommercial3$0
offering Indefinite · similar: $3,000,000–$20,000,000
0
similar: 4–26
$50,000
similar: $25,000–$100,000
2024–2025
EDGAR ↗VL Vaughn & Liu LLCshared people, same business addressGOLDEN, COOther Real Estate1$0
offering $2,500,000 · similar: $2,250,000–$16,950,000
0
similar: 5–32
$50,000
similar: $15,000–$100,000
2026–2026

"Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Commercial / 506(c) (2,639 filings); Other Real Estate / 506(b) (5,033 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

Timeline of offerings

SourceFiledIssuerFormIndustryOfferedSold
EDGAR ↗May 4, 2026Vaughn & Liu LLCDOther Real Estate$2,500,000$0
EDGAR ↗Nov 18, 2025Boulder Capital Aspen Private Credit Fund LLCD/ACommercialIndefinite$0
EDGAR ↗Jul 15, 2024Boulder Capital Aspen Private Credit Fund LLCD/ACommercialIndefinite$0
EDGAR ↗Jul 9, 2024Boulder Capital Aspen Private Credit Fund LLCDCommercialIndefinite$0
EDGAR ↗Aug 25, 2023Boulder Capital Upstream Energy, LPDCommercial$10,000,000$260,000

Activity: 1 new offering in the last 12 months across all issuers in this group (new offering = a Form D that is not an amendment, D/A) · most recent filing May 4, 2026. Industry history, as reported on each offering's latest filing: Previous offerings: Commercial (2023–2024). Latest offering: Other Real Estate (May 4, 2026).

People across the group

NameRolesIssuers hereFirst → last listed
JL Justin Guoqiang LiuExecutive Officer2Jul 9, 2024 → May 4, 2026
BV Brent VaughnExecutive Officer2Aug 25, 2023 → May 4, 2026
GL Guoqiang LiuExecutive Officer1Aug 25, 2023 → Aug 25, 2023

Adviser registration (Form ADV)

Searched SEC Form ADV bulk data (registered + exempt reporting advisers) (24,962 records as of Oct 2, 2026, 8:00 AM ET) — nothing matched Group linked by Justin Guoqiang Liu.

Meta advertising

No Meta Pixel ids or Facebook / Instagram page links on file for Group linked by Justin Guoqiang Liu as of Oct 24, 2026 — the sponsor website is read for them once it is on file (runs automatically). Meta Ad Library: not searched by PartnerFacts (no API access); a one-tap Ad Library search is under Look further.

Other offering types (Regulation A and Regulation Crowdfunding)

Searched SEC Regulation A Data Sets (Forms 1-A, 1-K, 1-Z; 2015 Q2 → 2026 Q3); SEC Crowdfunding Offerings Data Sets (Form C family; 2016 Q2 → 2026 Q3); EDGAR form index for 2026 Q3 → 2026 Q4 (51,358 records as of Oct 23, 2026, 8:41 PM ET) — nothing matched this name.

Public profiles and social

No website or social profile named in Group linked by Justin Guoqiang Liu's SEC filings (Form C, Reg A, Form ADV; checked Oct 24, 2026). Web search for this name: #117,838 of 374,652 in line (1,383 issuers searched so far). One-tap searches: Look further ↓

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Change history

No corrections have been requested for this page.

Request a correction

Free. Covers the grouping itself or any record shown here. Logged with status: received → under review → fixed / confirmed with source.

Sponsor response

Add a sourced explanation next to any fact. Reviewed before publishing.

Grouping is PartnerFacts' inference from public filings (shared related persons, management entities, business address). Everything else on this page is drawn from the filings themselves. Not the same sponsor? Request a correction.

Look further

One-tap searches on sites we do not index ourselves, with the name pre-filled (outside the US (as filed: GOLDEN), CO). Each opens in a new tab; what you find there is not verified by PartnerFacts.

Social and web

LinkedIn companies ↗Instagram ↗X (Twitter) ↗Facebook ↗YouTube ↗Google ↗Google Images ↗Google News ↗Meta Ad Library ↗

Courts

CourtListener / RECAP (federal) ↗PACER case locator (federal, login) ↗Colorado state courts — find the court ↗

Securities regulators

SEC EDGAR full-text search ↗SEC action look-up ↗FINRA BrokerCheck ↗SEC IAPD adviser search ↗

Business registries

Colorado Secretary of State business search ↗OpenCorporates ↗