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Carpenter New York Development completes $15M private placement

Irvine, Calif.-based Carpenter New York Development LLC has sold the total amount of a $15 million offering, according to an amended Form D filed Feb. 7.

The offering consisted of equity or related options, warrants, or rights. 30 investors participated, with the first sale occurring Dec. 12, 2016. The minimum investment accepted from any outside investor was $250,000.

Seapower Carpenter Capital Inc. is listed as a sales compensation recipient. Sales commissions totaled $750,000. The offering was not made in connection with a merger, acquisition or exchange offer, according to the filing.

Carpenter New York Development was incorporated in 2016, and is affiliated with Irvine, Calif.-based CCFW Inc. — a private equity firm that invests in community banks. The company did not return requests for comment.