DOCUMENTEDPrimary document read. Citation displayed.

Elevate never delivered the quarterly unaudited and annual audited financial statements for the 21 Fund that its loan agreements with the state required since 2011. The fund's annual statements were 'reviewed,' not audited.

2025-10-02

The passage

EV does not currently, and has not historically, prepare and deliver to the IEDC quarterly unaudited financials for the 21 Fund LP and the 21 Fund LP's annual financial statements are not audited but instead reviewed.

The document

Document: FTI Consulting, IEDC Forensic Review, Finding 11
Dated: 2025-10-02
Source: open the primary
Archived: primaries/elevate/fti-iedc-forensic-review-2025-10-02.pdf

Who read it

joe, direct read 2026-09-08.