Sponsor Check › Person
Named as an officer, director or promoter on SEC Form D filings · IL · Aug 13, 2009 → Jun 11, 2019
Data last updated Oct 23, 2026, 5:45 PM ET · Courts (RECAP) last checked: Oct 24, 2026, 2:19 AM ET · SEC enforcement last checked: covered by the index scan as of Oct 24, 2026, 2:50 AM ET
Patrick Borchard is listed as an executive officer on 6 SEC Form D filings by 3 issuers between Aug 2009 and Jun 2019: Pangea Properties (Chicago, IL — commercial — 2011; $88.5M reported sold to 104 investors), Pangea Equity Partners, L.P. (Chicago, IL — pooled investment fund — 2009–2010; $52.3M reported sold to 59 investors) and Pangea Equity Partners II, L.P. (Chicago, IL — commercial — 2019; $36.5M reported sold to 91 investors).
What this means A repeat sponsor — 3 separate companies raised money with this person listed as executive officer, over about 10 years. Across those companies the filings report $177.4M sold in total.
Listed alongside Albert Goldstein (6 shared filings), Peter Martay (6 shared filings), Alexander Goldstein (5 shared filings), Steven Joung (5 shared filings), Thomas Raleigh (4 shared filings) and 9 others.
What this means These are the other officers, directors or promoters the companies named on the same forms — the team around Patrick. Each name links to their own page.
All 3 issuers belong to the sponsor group Avant (6 issuers, $589.4M reported sold, 2009–2022).
What this means A sponsor group is one team that sets up a new company for each deal. Avant has 6 companies on file and $589.4M reported sold in total — the group page shows the whole track record in one place.
Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AK, AL, AR, AZ, CA, CO, CT, DC, DE, FINRA, FL, GA, HI, ID, IL, KS, KY, LA, MA, MD, ME, MI, MO, MS, MT, NASAA, NC, ND, NH, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, WA, WI, WV, WY) — 5 court cases matching the name, 2 SEC releases, 2 bankruptcy cases matching the name listed in Key records below.
What this means 9 records came back, including 2 court cases still open — open cases can take years and cost money. Each one is listed below with a link to the original document and a line saying why it matched. A name match is not proof it is the same person or company — read the why line and the document. Being sued or named in a release is an accusation, not a finding.
We compared 6 public filings for Patrick Borchard and found 17 differences, 5 worth asking the sponsor about: Regulator action: William Patrick Borchard (CPA) (Feb 6, 2008); Regulator action: Gregory B. Raben and William Patrick Borchard (Jan 15, 2008); 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.
Community search for Patrick Borchard has not run yet — it is joining a line of 55,180 names; searches run around the clock at the hosts' allowed rate. Searched so far: 641 names.
Community comments are quoted as written by their authors. Sources searched: Bing (site:reddit.com / site:biggerpockets.com) and Reddit's own search, plus DuckDuckGo/Brave/BiggerPockets search when they are answering.
Five things investors ask first. Items still in human review are counted, not shown.
5 cases: 2 open, 1 closed (disposition not in docket feed), 1 judgment, 1 dismissed
290 Real Property: Other· Cause:
28:1332 Diversity-Property Damage
190 Other contract actions
480 Consumer credit
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, 2:19 AM ET.
Court records show docket facts only; we never restate allegations as facts. Outcome wording comes from the docket feed; where it does not state a disposition we say so.
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 SEC releases
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 Patrick Borchard..
State securities regulators: Securities regulators searched (64,910 actions): FINRA (38,350 actions, 1995–2026), NASAA (31 actions, 2000–2026; listing starts 1997), AK Division of Banking and Securities (273 actions, 1971–2025), AL Securities Commission (880 actions, 2001–2026), AR Securities Department (1,305 actions, 1998–2026), 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), CO Division of Securities (731 actions, 2001–2026; older years from the Internet Archive (snapshot of 2026-05-02)), CT Department of Banking Securities Division (940 actions, 2006–2026; older years from the Internet Archive (snapshot of 2026-04-22)), DC DISB Securities Bureau (25 actions, 2012–2026), DE DOJ Investor Protection Unit (257 actions, 1987–2026), FL Office of Financial Regulation (49 actions, 2018–2026), GA Secretary of State Securities Division (65 actions, 2015–2026; listing starts 2012), HI DCCA Securities Enforcement Branch (26 actions, 2012–2026), ID Department of Finance Securities Bureau (663 actions, 1994–2026), IL Secretary of State Securities Department (4,122 actions, 2003–2023), KS Insurance Department Securities Division (58 actions), KY Department of Financial Institutions (342 actions, 2005–2026), LA Office of Financial Institutions Securities Division (13 actions, 2010–2025; listing starts 2008), MA Secretary of the Commonwealth Securities Division (125 actions, 2012–2025; live site blocks automated access — loaded from the Internet Archive snapshot of 2026-02-04), MD Attorney General Securities Division (1,054 actions, 2004–2026), ME Office of Securities (539 actions, 2000–2026), MI LARA Corporations, Securities & Commercial Licensing Bureau (201 actions), MO Secretary of State Securities Division (919 actions, 1998–2026), MS Secretary of State Securities Division (209 actions, 1995–2026), MT Commissioner of Securities and Insurance (597 actions, 2000–2026), NC Secretary of State Securities Division (265 actions, 2004–2024), ND Securities Department (711 actions, 1990–2026; the regulator no longer publishes this list live — loaded from the Internet Archive snapshot of 2026-01-06), NH Bureau of Securities Regulation (402 actions, 2002–2026), NM Regulation and Licensing Department Securities Division (90 actions, 2010–2025), NV Secretary of State Securities Division (118 actions, 2018–2026), NY Attorney General Investor Protection Bureau (44 actions, 2012–2026), OH Division of Securities (327 actions, 1993–2006), OK Department of Securities (2,531 actions, 1998–2026), OR Division of Financial Regulation (589 actions, 1988–2026), PA Department of Banking and Securities (1,448 actions, 2008–2024; the regulator no longer publishes this list live — loaded from the Internet Archive snapshot of 2024-08-09), RI DBR Securities Division (98 actions, 2005–2025), SC Attorney General Securities Division (540 actions, 2006–2026), SD Division of Insurance – Securities Regulation (106 actions, 2017–2026), TN Department of Commerce and Insurance Securities Division (405 actions, 1992–2026), TX State Securities Board (936 actions, 1999–2026), UT Division of Securities (772 actions, 2000–2026; older years from the Internet Archive (snapshot of 2010-05-27)), VT DFR Securities Division (137 actions, 2010–2026), WA DFI (2,039 actions, 2001–2026), WI DFI Division of Securities (1,072 actions, 1998–2026), WV Securities Commission (State Auditor) (64 actions), WY Secretary of State Compliance Division (6 actions, 2016–2024) — last crawled Oct 24, 2026, 8:48 AM ET. No machine-readable public listing today for IA, IN, MN, NE, NJ, VA (see docs/state-regulators.md).
2 cases: 2 closed (disposition not in docket feed)
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, 2:19 AM ET.
Court records show docket facts only; we never restate allegations as facts. Outcome wording comes from the docket feed; where it does not state a disposition we say so.
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.
Comparisons cover issuers and sponsor groups — see the issuer pages under Deals
17 differences found between the filings for Patrick Borchard — 5 worth asking about (compared 6 filings on Oct 24, 2026)
A ap release dated Feb 6, 2008 names Patrick Borchard. Our match estimate: 50%. The release is the source; we do not summarize its outcome here.
What this means A regulator filed or announced an action naming this person or company (or someone on the same filings). Read the release; ask the sponsor what it was and how it ended.
An SEC litigation release dated Jan 15, 2008 names Patrick Borchard. Our match estimate: 50%. The release is the source; we do not summarize its outcome here.
What this means A regulator filed or announced an action naming this person or company (or someone on the same filings). Read the release; ask the sponsor what it was and how it ended.
United States Bankruptcy Court, S.D. California docket "Borchard Orchards II Limited Partnership" filed Apr 27, 1992, closed Jul 30, 1992. Patrick Borchard is listed as Debtor ("Borchard Orchards II Limited Partnership"). Our match estimate: 40%.
What this means A bankruptcy filing was found. Many are old or personal and have nothing to do with the deal — but ask what it was and when it closed.
United States Bankruptcy Court, D. Idaho docket "Borchard B & B Farms LLP v. Goedhart & Goedhart" filed Mar 14, 2003, closed Sep 19, 2003. Patrick Borchard is listed as Plaintiff ("Borchard B & B Farms LLP"). Our match estimate: 40%.
What this means A bankruptcy filing was found. Many are old or personal and have nothing to do with the deal — but ask what it was and when it closed.
By role: plaintiff in 4, defendant in 1. Newest: "Borchard v. Allstate Fire and Casualty Insurance Company" (District Court, D. Oregon, Jun 19, 2026); "Borchard v. Allstate Fire and Casualty Insurance Company" (District Court, D. Oregon, Jun 19, 2026); "Borchard v. Boyce Hydro Power, LLC" (District Court, E.D. Michigan, May 22, 2020). Some of these are name matches with a match estimate below 95% — check each docket.
What this means Several court cases name this subject. Some are routine business suits. Ask what each was about and how it ended.
The Jan 19, 2010 filing says $52,343,333 sold; the Mar 9, 2010 Form D says $24,300,000 sold — $28,043,333 less.
What this means Amounts sold normally only go up as a raise continues. A drop can mean investors were refunded, a figure was corrected, or an earlier number was wrong. Ask the sponsor which it was.
The Jan 19, 2010 filing reports 59 investors; the Mar 9, 2010 Form D reports 15 investors.
What this means Investor counts normally only grow. A smaller number can mean investors left or were refunded, or a count was corrected. Ask the sponsor what happened.
The Jan 19, 2010 Form D/A reports $52,343,333 sold and $5,625,000 of the proceeds used for payments to officers, directors or promoters (marked as an estimate). Issuer's note: "Estimated management fees payable over the life of the Fund, based on total commitments of $75,000,000.".
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.
The Aug 14, 2009 Form D/A reports $37,475,000 sold and $3,750,000 of the proceeds used for payments to officers, directors or promoters (marked as an estimate). Issuer's note: "Estimated management fees payable over the life of the Fund, based on total commitments of $50,000,000.".
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.
The Aug 13, 2009 Form D/A reports $37,475,000 sold and $3,750,000 of the proceeds used for payments to officers, directors or promoters (marked as an estimate). Issuer's note: "Estimated management fees payable over the life of the Fund, based on total commitments of $50,000,000.".
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.
The latest filing for this offering is dated May 9, 2011 (first sale Apr 29, 2011). It reports $88,549,000 sold of $127,823,500 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.
The latest filing for this offering is dated Mar 9, 2010 (first sale Jun 24, 2009). It reports $24,300,000 sold of $30,000,000 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.
The Jan 19, 2010 filing says $75,000,000 offered; the Mar 9, 2010 Form D says $30,000,000.
What this means The target raise got smaller. That can mean the plan shrank or the sponsor stopped early. Ask what changed in the deal.
The Aug 14, 2009 filing says $50,000,000 offered; the Jan 19, 2010 Form D/A says $75,000,000.
What this means The target raise changed. Raising the cap is common when a deal grows; ask whether the extra money has the same terms and use.
The Jan 19, 2010 filing lists a minimum of $85,000; the Mar 9, 2010 Form D lists $500,000.
What this means A different minimum usually means the offering terms changed. Check which terms apply to you.
The Aug 13, 2009 filing lists a minimum of $500,000; the Aug 14, 2009 Form D/A lists $85,000.
What this means A different minimum usually means the offering terms changed. Check which terms apply to you.
"$25,000,001 - $100,000,000" (Jul 8, 2009); then "Decline to Disclose" (Jul 17, 2009).
What this means This is the size band the issuer picks for itself on the form. A change can mean the business grew or shrank — or that it chose not to say. Ask for current numbers.
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.
None reported on 3 offerings — no sales commissions, finder's fees or proceeds to insiders
| Offering (latest filing) | Sales commissions | Finder's fees | To insiders | Paid to sell it | Source |
|---|---|---|---|---|---|
| Jun 11, 2019 D Pangea Equity Partners II, L.P. File 021-341625 | $0 | $0 | $0 | None listed on this filing | EDGAR ↗ |
| May 9, 2011 D Pangea Properties File 021-159437 | $0 | $0 | $0 | None listed on this filing | EDGAR ↗ |
| Mar 9, 2010 D Pangea Equity Partners, L.P. File 021-132521 | $0 | $0 | $0 (est.) | None listed on this filing | EDGAR ↗ |
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 every filing this person is listed on (latest filing per offering, per issuer).
Every issuer that named Patrick Borchard on a Form D, newest first. A Form D is the notice a company files after it starts selling a private investment.
Raised $36.5M from 91 investors (100% of the $36.5M target) as of the latest filing. Patrick is listed as executive officer.
Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Commercial / 506(b) (6,713 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.
Raised $88.5M from 104 investors (69% of the $127.8M target) as of the latest filing. Patrick is listed as executive officer.
Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer.
Raised $52.3M from 59 investors (100% of the $30M target) as of the latest filing. Patrick is listed as executive officer on 4 filings for this deal.
Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer.
Officers, directors, promoters and management entities named on the same filings, as of Oct 23, 2026, 5:45 PM ET.
Listed on the same filings as Patrick Borchard. Their page shows their other deals.
Listed on the same filings as Patrick Borchard. Their page shows their other deals.
Albert Goldstein is on 11 issuers in total — a repeat sponsor. Their page lists every one.
Alexander Goldstein is on 5 issuers in total — a repeat sponsor. Their page lists every one.
Listed on the same filings as Patrick Borchard. Their page shows their other deals.
Listed on the same filings as Patrick Borchard. Their page shows their other deals.
Listed on the same filings as Patrick Borchard. Their page shows their other deals.
Listed on the same filings as Patrick Borchard. Their page shows their other deals.
Listed on the same filings as Patrick Borchard. Their page shows their other deals.
Listed on the same filings as Patrick Borchard. Their page shows their other deals.
Listed on the same filings as Patrick Borchard. Their page shows their other deals.
James M. Reynolds IV is on 30 issuers in total — a repeat sponsor. Their page lists every one.
One team, 6 deal companies. Patrick Borchard is listed on 3 of them.
Issuers are grouped when their Form D filings share related persons, a management entity or a business address (automatic match from the filings). "Listed" marks the issuers that name Patrick Borchard.
A shared address can mean the same team, a shared office building or a registered agent. It is a lead, not a conclusion.
Individuals are not matched to business registrations — registries list companies, and a name alone is not enough to tie a person to one. Officers and managers appear by name inside each matched company's record on the issuer pages. Registries searched: AL (Alabama Secretary of State — Business Entity Records (arc-sos.state.al.us), searched by issuer name, data as of Oct 24, 2026); CO (Colorado Secretary of State — Business Entities in Colorado (data.colorado.gov), data as of Oct 23, 2026); CT (Connecticut Secretary of the State — Business Registry (data.ct.gov), data as of Oct 24, 2026); FL (Florida Department of State, Division of Corporations — quarterly corporate data file (Sunbiz), data as of Oct 7, 2026); KY (Kentucky Secretary of State — Business Entity Search (sosbes.sos.ky.gov), searched by issuer name, data as of Oct 24, 2026); NY (New York Department of State — Corporations and Other Entities (data.ny.gov: All Filings + Active Corporations), data as of Oct 20, 2026); OR (Oregon Secretary of State — Active Businesses, All (data.oregon.gov), data as of Oct 20, 2026); PA (Pennsylvania Department of State — Registered Businesses, Current (data.pa.gov), data as of Oct 6, 2026); TX (Texas Comptroller — Active Franchise Taxpayers incl. Secretary of State file data (data.texas.gov), data as of Oct 24, 2026). Registries of other states have not been searched: many publish no bulk file and require a CAPTCHA or bot challenge on their search page, which we do not bypass (Delaware, for example, offers no public bulk file).
None of the 3 issuers this person is listed on appears in Form ADV (searched 24,962 advisers as of Oct 2, 2026). A person is never an adviser firm; Form ADV is checked for the issuers and the management companies they are listed with.
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.
Property records are matched to companies only, never to individuals, so none are matched to Patrick Borchard by design. Searched property records in Hillsborough County FL (Clerk recorded-document index Oct 14, 2026 to Oct 15, 2026 + FL DOR 2026 ownership roll), Miami-Dade County FL (FL DOR 2026 ownership roll), Harris County TX (HCAD 2026 ownership roll), Dallas County TX (DCAD 2026 ownership roll), New York City ACRIS documents and PLUTO ownership rows already retrieved for other issuers, Cook County IL sale and ownership rows already retrieved for other issuers (814,874 records as of Oct 23, 2026, 8:59 PM ET) for the 3 issuers this person is listed on — nothing matched.
Websites and social links of the issuers Patrick Borchard is listed on: none on file. No website or social profile named in Pangea Properties's SEC filings (Form C, Reg A, Form ADV; checked Oct 24, 2026). Web search for this name: #351,737 of 374,652 in line (1,386 issuers searched so far). One-tap searches: Look further ↓
One-tap searches on sites we do not index ourselves, with the name pre-filled (Chicago, IL). Each opens in a new tab; what you find there is not verified by PartnerFacts.
No corrections have been requested for this page.
Free. Logged with status: received → under review → fixed / confirmed with source.
If this is you or your firm, add a sourced explanation next to any fact. Reviewed before publishing.
Members get an email when Patrick Borchard appears on a new Form D, or when a court case or SEC action is matched to them. See plans →