Brown Advisory Investors, a Baltimore-based financial investment firm, has raised $11,948,750 for a private equity fund, according to a filing with the Securities and Exchange Commission.

The company filed the Form D on Feb. 10. Brown Advisory is offering pooled investment fund interests, and the proceeds will not be used in connection with a business combination transaction or as a form of compensation.

The filing states the firm accrued the funds from 49 investors. The group did not list a finite offering amount. There is no minimum investment required from outside investors and the offering is not intended to last more than one year.

Brett Rogers, general counsel of the general partner, signed the form.

Brown Advisory is an independent investment management firm with offices in Austin, Baltimore, Boston, Chapel Hill, London, New York, Washington, D.C. and Wilmington, Delaware. The firm’s institutional and private clients based in 50 states and more than 34 countries and territories.

When filing a Reg D exemption, companies do not have to register their offering of securities with the SEC, but they must file a Form D electronically with the SEC after they first sell their securities.