Blog: More Confusion from Grant Cardone as He Withdraws "Cardone Equity Fund IX" From the Market - 2020-06-20
Grant Cardone created Cardone Equity Fund IX in late 2019.
Cardone Capital and published details of the $50 million offering on January 27, 2020. This was two months before the COVID-19 pandemic hit. Cardone Equity Fund IX was a Reg A offering which meant that Cardone was focusing on unaccredited investors. Specifically, Cardone wanted to sell 50,000 Class A interests at $1,000 each.