Companies · Other

ACP Keystone PF Holdings Sub, LLC

ATLANTA · Other

Diligence memoA one-page analyst read on ACP Keystone PF Holdings Sub, LLC — recommendation, valuation, rhythm, risks.
$193.0M
Total raised · real
1
Rounds
Latest step-up
Top 3%
Sector rank · raised
Series D+
Latest stage · inferred · Thu Apr 11 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

ACP Keystone PF Holdings Sub, LLC looks over-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 1.54× the median modeled value of Series D+ Other companies in 2019–2021 (110 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.2 yr ago; this sector typically re-raises about every 11 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

ACP Keystone PF Holdings Sub, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
7.2 yr record
Peak capital year was 2019 with $193.0M across 1 filings.
Market position
ahead of 98% of Other peers
Capital scale is ahead of 98% of Other peers; modeled value is above 99% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Lower applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • Sector is still broad/Other, so operating comparables are weak.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2019: $193.0M across 1 filings.
  • Largest single filing was $193.0M on 2019-04-11.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other

ACP Keystone PF Holdings Sub, LLC is one of 25015 Other companies tracked from ATLANTA. By capital raised it ranks among the largest (ahead of 98% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
3
Investors (latest)
2019
Year incorporated
2019-04-11
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3B$2.5B$3.8B$5.0BSeries D+ · 2019-04-11 Raised $193M (real) Modeled valuation $3.3B (est)$193M$3.3BSeries D+2019

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series D+$193.0M · 2019

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 17%.

Modeled valuation trajectory
$3.3B
Base estimate est.
$1.1B
Conservative case
$7.3B
Upside case
$1.6B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
85%
Survival probability
68% low · 94% high
1.16×/yr
Annual markup
1.30×/yr upside case
6.0 yr
Elapsed time used
7.2 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
7.2 yr
On record since
2019
First round
1
Rounds on file
How it compares to the market

Benchmarked against 25015 companies in Other. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 94× above median
This company$193.0M
Sector median$2.0M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.5× above median
This company$193.0M
Sector median$125.1M
Modeled value — vs sector median (estimate, all stages) 189× above median
This company$3.3B
Sector median$17.7M

Raised more than 98% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #31 of 110.

This companyCohort peer
$1.0B$10.0B$100.0M$1.0BCapital raised (log)Renascence Equity Ventures, Inc. · Series D+ Raised $400.0M · modeled $6.1B (est)Trulioo Information Services Inc. · Series D+ Raised $429.5M · modeled $5.9B (est)Diamond S Shipping Inc. · Series D+ Raised $333.3M · modeled $5.8B (est)BOA Holdings Inc. · Series D+ Raised $340.1M · modeled $5.6B (est)Maverick Parent L.P. · Series D+ Raised $305.7M · modeled $5.3B (est)Sustainable Bioproducts, Inc. · Series D+ Raised $460.0M · modeled $5.3B (est)Convoy, Inc. · Series D+ Raised $479.6M · modeled $5.2B (est)Natasha Harris-Johnson Trust · Series D+ Raised $300.0M · modeled $5.2B (est)Thriveworks TopCo, LLC · Series D+ Raised $340.2M · modeled $5.0B (est)Fanatics TC Holdco, Inc. · Series D+ Raised $347.0M · modeled $5.0B (est)ALCV Investments, L.P. · Series D+ Raised $310.0M · modeled $4.8B (est)Kabompo Holdings, Ltd. · Series D+ Raised $375.8M · modeled $4.6B (est)ACP Keystone PF Holdings Sub, LLC (this company) Raised $193.0M · modeled $3.3B (est)ACP Keystone PF Holdings Sub, LLC
CompanyStageRaised · realValue · estvs peer med.
Renascence Equity Ventures, Inc.Series D+$400.0M$6.1B2.80×
Trulioo Information Services Inc.Series D+$429.5M$5.9B2.75×
Diamond S Shipping Inc.Series D+$333.3M$5.8B2.66×
BOA Holdings Inc.Series D+$340.1M$5.6B2.60×
Maverick Parent L.P.Series D+$305.7M$5.3B2.44×
Sustainable Bioproducts, Inc.Series D+$460.0M$5.3B2.44×
Convoy, Inc.Series D+$479.6M$5.2B2.41×
Natasha Harris-Johnson TrustSeries D+$300.0M$5.2B2.40×
Thriveworks TopCo, LLCSeries D+$340.2M$5.0B2.33×
Fanatics TC Holdco, Inc.Series D+$347.0M$5.0B2.31×
ALCV Investments, L.P.Series D+$310.0M$4.8B2.20×
Kabompo Holdings, Ltd.Series D+$375.8M$4.6B2.13×
ACP Keystone PF Holdings Sub, LLC this companySeries D+$193.0M$3.3B1.54×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series D+$193.0M2019-04-11$1.6B$3.3B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series D+$193.0M2019-04-11
    • First recorded raise — entered as Series D+.
    • 3 investors on this round.
Intelligence
Modeled next raise
$308.8M
Modeled next size est.range $200.7M$494.1M
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Karl F. Jaeger11 other2019-04
Michael A. Klump11 other2019-04
Registry & provenance

ACP Keystone PF Holdings Sub, LLC is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1774963
SEC CIK
2019
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Keystone PF Holdings, LLCOtherSeries C$61.9M$1.1Bnetwork2 shared operators · same sector
Border Parent Holdings, LPRestaurantsSeries D+$111.0M$362.4Mnetwork2 shared operators · same stage
Keystone Partners, LPOtherSeries B$17.6M$293.1Mnetwork2 shared operators · same sector
Krystal Parent Holdings, LPRestaurantsSeries D+$100.5M$328.1Mnetwork2 shared operators · same stage
CGI Acquisitions, Inc.OtherSeries D+$193.3M$2.6Bsame sector · same stage
Makena Club LLCOtherSeries D+$192.6M$3.3Bsame sector · same stage
Argonne Automotive Partners, LPOtherPre-Seed$1.0M$23.1Mnetwork2 shared operators · same sector
Pittsburgh Steelers Holdings Inc.OtherSeries D+$191.5M$3.3Bsame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Keystone PF Holdings, LLCOtherSeries C$1.1B94%
ACP Golden Holdings, Inc.OtherSeries B$226.6M86%
ACP Ulysses Holdings, Inc.OtherSeries D+$748.0M85%
PFA Holdings, LLCOtherSeries B$330.7M85%
Ccp Private Holdings, LlcOtherPre-Seed$11.6M85%
ACP BDV Holdings, LLCOtherSeries B$323.5M84%
Pfs Acquisition Company, LlcOtherSeed$55.8M84%
PFG Group A, LLCOtherSeries C$287.8M83%
Frequently asked
How much funding has ACP Keystone PF Holdings Sub, LLC raised?
ACP Keystone PF Holdings Sub, LLC has raised approximately $193.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is ACP Keystone PF Holdings Sub, LLC's estimated valuation?
Provath's modeled valuation for ACP Keystone PF Holdings Sub, LLC is approximately $3.3B (modeled range $1.1B–$7.3B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is ACP Keystone PF Holdings Sub, LLC at?
ACP Keystone PF Holdings Sub, LLC's latest modeled financing stage is Series D+. Its most recent recorded round closed around Thu Apr 11.
What does ACP Keystone PF Holdings Sub, LLC do and where is it based?
ACP Keystone PF Holdings Sub, LLC operates in the Other sector, based in ATLANTA.
Explore related

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