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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 DXJm3qdb/zlluswoDSmso/T7yDSHlT27aS8GF6otd/52A8AO/PSEsASFbSvIgRjo
 Brhgv0gLHg3eWR6vyTXAPA==

<SEC-DOCUMENT>0001509020-10-000001.txt : 20101229
<SEC-HEADER>0001509020-10-000001.hdr.sgml : 20101229
<ACCEPTANCE-DATETIME>20101229123810
ACCESSION NUMBER:		0001509020-10-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(5)
FILED AS OF DATE:		20101229
DATE AS OF CHANGE:		20101229
EFFECTIVENESS DATE:		20101229

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Cloverleaf Fund V, LLC
		CENTRAL INDEX KEY:			0001509020
		IRS NUMBER:				273005664
		STATE OF INCORPORATION:			IL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-152632
		FILM NUMBER:		101277609

	BUSINESS ADDRESS:	
		STREET 1:		666 DUNDEE ROAD
		STREET 2:		SUITE 901
		CITY:			NORTHBROOK
		STATE:			IL
		ZIP:			60062
		BUSINESS PHONE:		847-272-3300

	MAIL ADDRESS:	
		STREET 1:		666 DUNDEE ROAD
		STREET 2:		SUITE 901
		CITY:			NORTHBROOK
		STATE:			IL
		ZIP:			60062
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001509020</cik>
        <entityName>Cloverleaf Fund V, LLC</entityName>
        <issuerAddress>
            <street1>666 DUNDEE ROAD</street1>
            <street2>SUITE 901</street2>
            <city>NORTHBROOK</city>
            <stateOrCountry>IL</stateOrCountry>
            <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
            <zipCode>60062</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>847-272-3300</issuerPhoneNumber>
        <jurisdictionOfInc>ILLINOIS</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2010</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>The</firstName>
                <lastName>Cloverleaf Group, Inc.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>666 Dundee Road</street1>
                <street2>Suite 901</street2>
                <city>Northbrook</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60062</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Manager of The Cloverleaf Fund V, LLC</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <middleName>S</middleName>
                <lastName>Basofin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>666 Dundee Road</street1>
                <street2>Suite 901</street2>
                <city>Northbrook</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60062</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director and President of The Cloverleaf Group Inc., its Manager</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Cynthia</firstName>
                <middleName>M</middleName>
                <lastName>Freese</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>666 Dundee Road</street1>
                <street2>Suite 901</street2>
                <city>Northbrook</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60062</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Senior Vice President of The Cloverleaf Group Inc., its Manager</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Walter</firstName>
                <middleName>G</middleName>
                <lastName>Freedman</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>666 Dundee Road</street1>
                <street2>Suite 901</street2>
                <city>Northbrook</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60062</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of The Cloverleaf Group Inc., its Manager</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Private Equity Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <revenueRange>No Revenues</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.5</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-12-14</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>1500</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>30000000</totalOfferingAmount>
            <totalAmountSold>10680000</totalAmountSold>
            <totalRemaining>19320000</totalRemaining>
            <clarificationOfResponse>The Manager may extend the offering and admit new investors until May 31, 2011.  The total maximum amount of the offering is $30,000,000.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>70</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>587400</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>This amount will be paid to The Cloverleaf Group, Inc. as an Asset Management Fee.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Cloverleaf Fund V, LLC</issuerName>
                <signatureName>/s/ Michael S. Basofin</signatureName>
                <nameOfSigner>Michael S. Basofin</nameOfSigner>
                <signatureTitle>President of The Cloverleaf Group, Inc., its Manager</signatureTitle>
                <signatureDate>2010-12-29</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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