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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001011723-09-000044.txt : 20090806
<SEC-HEADER>0001011723-09-000044.hdr.sgml : 20090806
<ACCEPTANCE-DATETIME>20090806152437
ACCESSION NUMBER:		0001011723-09-000044
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090806
DATE AS OF CHANGE:		20090806
EFFECTIVENESS DATE:		20090806

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ATEL Growth Capital Fund V, LLC
		CENTRAL INDEX KEY:			0001451768
		IRS NUMBER:				260347905
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-126388
		FILM NUMBER:		09991446

	BUSINESS ADDRESS:	
		STREET 1:		ATEL FINANCIAL SERVICES, LLC
		STREET 2:		600 CALIFORNIA STREET, 6TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94108
		BUSINESS PHONE:		415-989-8800

	MAIL ADDRESS:	
		STREET 1:		ATEL FINANCIAL SERVICES, LLC
		STREET 2:		600 CALIFORNIA STREET, 6TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94108
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0502</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001451768</cik>
        <entityName>ATEL Growth Capital Fund V, LLC</entityName>
        <issuerAddress>
            <street1>ATEL FINANCIAL SERVICES, LLC</street1>
            <street2>600 CALIFORNIA STREET, 6TH FLOOR</street2>
            <city>SAN FRANCISCO</city>
            <stateOrCountry>CA</stateOrCountry>
            <zipCode>94108</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>415-989-8800</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>CALIFORNIA</jurisdictionOfInc>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2007</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>NA</firstName>
                <middleName></middleName>
                <lastName>ATEL Capital Group</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>600 California Street, 6th Floor</street1>
                <city>San Francisco</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94108</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>NA</firstName>
                <middleName></middleName>
                <lastName>ATEL Growth Capital Partners 4, 5 and 6, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>600 California Street, 6th Floor</street1>
                <city>San Francisco</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94108</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Manager of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Dean</firstName>
                <middleName>L.</middleName>
                <lastName>Cash</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>600 California Street, 6th Floor</street1>
                <city>San Francisco</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94108</zipCode>
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            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Paritosh</firstName>
                <middleName>K.</middleName>
                <lastName>Choksi</lastName>
            </relatedPersonName>
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                <street1>600 California Street, 6th Floor</street1>
                <city>San Francisco</city>
                <stateOrCountry>CA</stateOrCountry>
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            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
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    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other Banking and Financial Services</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001011723-09-000003</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-02-09</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>50000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>ATEL Securities Corporation</recipientName>
                <recipientCRDNumber>17229</recipientCRDNumber>
                <associatedBDName>ATEL Securities Corporation</associatedBDName>
                <associatedBDCRDNumber>17229</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>600 California Street, 6th Floor</street1>
                    <city>San Francisco</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>94108</zipCode>
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            <recipient>
                <recipientName>Donald W. Fairman</recipientName>
                <recipientCRDNumber>4196215</recipientCRDNumber>
                <associatedBDName>Sigma Financial Corporation</associatedBDName>
                <associatedBDCRDNumber>14303</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2369 Franklin Road</street1>
                    <city>Bloomfield Hills</city>
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            </recipient>
            <recipient>
                <recipientName>Stephanie A. Hrycyk</recipientName>
                <recipientCRDNumber>1882780</recipientCRDNumber>
                <associatedBDName>Gramercy Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>8177</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>3000 Southwest 27th Avenue</street1>
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                    <zipCode>79109</zipCode>
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            </recipient>
            <recipient>
                <recipientName>Hillel Katzeff</recipientName>
                <recipientCRDNumber>1657455</recipientCRDNumber>
                <associatedBDName>Pacific West Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>6390</associatedBDCRDNumber>
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                    <street1>4330 La Jolla Village Drive, Suite 330</street1>
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            <recipient>
                <recipientName>Stuart M. McDowell</recipientName>
                <recipientCRDNumber>1844587</recipientCRDNumber>
                <associatedBDName>Cambridge Investment Research, Inc.</associatedBDName>
                <associatedBDCRDNumber>39543</associatedBDCRDNumber>
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                <recipientName>NFP Securities, Inc.</recipientName>
                <recipientCRDNumber>42046</recipientCRDNumber>
                <associatedBDName>NFP Securities, Inc.</associatedBDName>
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                    <street1>1250 Capital of Texas Hwy S. 2-125</street1>
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                <recipientName>David A. Weedon</recipientName>
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            <recipient>
                <recipientName>Triad Advisors, Inc.</recipientName>
                <recipientCRDNumber>25803</recipientCRDNumber>
                <associatedBDName>Triad Advisors, Inc.</associatedBDName>
                <associatedBDCRDNumber>25803</associatedBDCRDNumber>
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                <recipientName>Mark B. Reinking</recipientName>
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                <recipientName>Lawrence A. Olson</recipientName>
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                <recipientName>Stanley A. Shaw</recipientName>
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            <recipient>
                <recipientName>Joseph C. Roubik</recipientName>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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