Ryan Herbert is listed as an executive officer and director on 6 SEC Form D filings by 4 issuers between Jun 2012 and Oct 2016: Thorofare Asset Based Lending Fund IV, L.P. (Los Angeles, CA — pooled investment fund — 2015–2016; $205.8M reported sold to 284 investors), THOROFARE ASSET BASED LENDING FUND II, L.P. (Los Angeles, CA — pooled investment fund — 2012; $7.53M reported sold), Thorofare Asset Based Lending REIT Fund IV, LLC (Los Angeles, CA — reits and finance — 2015; $125K reported sold to 125 investors) and Thorofare Asset Based Lending Fund III, L.P. (Los Angeles, CA — pooled investment fund — 2013).
What this means A repeat sponsor — 4 separate companies raised money with this person listed as executive officer and director, over about 4 years. Across those companies the filings report $213.5M sold in total.
All 4 issuers belong to the sponsor group Thorofare (5 issuers, $218.5M reported sold, 2010–2016).
What this means A sponsor group is one team that sets up a new company for each deal. Thorofare has 5 companies on file and $218.5M 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 (AZ, CA, DE, TX, WA) — none found.
What this means Nothing turned up where we looked (3 sources). That does not prove there is nothing — it means none was found in those sources on that date.
We compared 6 public filings for Ryan Herbert and found 4 differences, 1 worth asking the sponsor about: Form D filed 197 days after the first sale; 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.