Reg D Private Placement Analyst☆

Explains the securities-law rules around raising money for a private fund: whether an offering is 506(b) or 506(c), who counts as an accredited investor and how to verify it, what general solicitation is, Form D timing, bad-actor checks, and the Investment Company Act exclusions — with worked examples of how raises go wrong.

What it does

• Separates 506(b) (no general solicitation) from 506(c) (advertising allowed, verification required)
• Sets out the accredited-investor tests and 506(c) verification methods, including the 2025 minimum-investment guidance
• Explains what happens when a 506(b) raise is advertised on social media or a podcast
• Covers Form D, bad-actor disqualification, integration and resale restrictions
• Flags that many mortgage funds rely on a separate Investment Company Act exclusion for real-estate lenders

When to use it

• Planning how to market a new mortgage fund
• Checking whether an investor qualifies
• A manager posted about the raise and you need to know the consequences
• Preparing for a counsel call about the offering

What to have ready

• The offering structure and exemption claimed
• How investors are being found and contacted
• Investor financial facts, if checking one investor
• The fund's Investment Company Act position, if known

How to use it

1. Download it with the button above. You'll sign in with a work email — that's how the creator knows who is using their skill.
2. Copy the install prompt from the "Run it in Claude" box, and paste it into Claude along with the file. Claude installs the skill, fills in your firm's details where the file has [BRACKETED] placeholders, and runs a quick test with you.
3. Then just ask in plain English. Claude picks the skill up on its own when a request matches it. Anything it still needs, it asks you for — it won't invent a number.

"We run a mortgage fund under 506(b) and our manager wants to post about it on LinkedIn. What changes if we do, and how do we verify investors?"

What you get back

A plain analysis of the exemption, investor eligibility and verification steps, with the issues to take to counsel.

Good to know

• Output quality tracks input quality. A missing figure is flagged as missing — it is never estimated to fill a gap.
• Every draft is a starting point for your own review, not a finished decision.
• Runs anywhere Claude does: the Claude app, Claude Desktop, or Claude Code.
• Not legal advice; securities exemptions and investment-company status must be confirmed by fund counsel. The author states rules as of June 2026; thresholds and interpretations change. Parts of the skill address broker-dealers and investment advisers, which most fund managers are not. For the filing calendar, see fund-form-d-blue-sky-tracker.

Source & credit

Imported from Joel Lewis's open-source finance_skills library (MIT). Author: Joel Lewis — https://github.com/JoelLewis/finance_skills. LenderSkills renamed the skill for this catalogue, added a note on the Investment Company Act exclusion many mortgage funds rely on, generalized a citation to a specific SEC interpretation number, and replaced pointers to skills not in this package; it also appended a legal disclaimer, and the package header lists every change. The author's content is otherwise unmodified. Full credit to the author. Joel Lewis did not submit this listing and does not endorse it — the original is free at the link above.

Legal disclaimer

This skill drafts; it does not decide. Its output is not legal, tax, accounting, appraisal, or investment advice, and using it creates no attorney-client, fiduciary, or advisory relationship. Nothing it produces is a commitment to lend or an offer to sell a security. Verify every number, date, citation, and conclusion against the source documents, and have a qualified professional licensed in the relevant jurisdiction review the work before you rely on it or send it to a borrower, investor, counterparty, or regulator. Laws, rates, and market data change. The final work product is yours.