Adapt Fund Ltd
Adapt Fund Ltd is a hedge fund based in Geneva, Ch, Switzerland. According to its most recent Form D, filed Dec 9, 2025, the fund has sold $1,825,000,000 of interests to 261 investors since its first sale in Sep 2020. The minimum investment it accepts from an outside investor is $1,000,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include ADAPT Investment Managers SA; Sean Flynn; Cedric Petros.
Performance
No verified returns have been reported for this fund. As a rough guide, Adapt Investment Managers SA, which manages it, disclosed U.S. stock holdings that returned an estimated +9.4% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q1 2025 to Q2 2026, the estimate is +53.2% (S&P 500: +27.4%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
Is this your fund? Report your monthly returns · How performance works
- Total raised
- $1,825,000,000Cumulative sales reported on Form D
- Investors
- 261
- First sale
- Sep 1, 2020
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- ADAPT Investment Managers SA; Sean Flynn; Cedric Petros
- Latest Form D
- Dec 9, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Adapt Fund Ltd
What is the minimum investment for Adapt Fund Ltd?
According to its latest Form D, filed Dec 9, 2025, the minimum investment Adapt Fund Ltd accepts from an outside investor is $1,000,000.
Who can invest in Adapt Fund Ltd?
Adapt Fund Ltd is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Adapt Fund Ltd raised?
Adapt Fund Ltd reports $1,825,000,000 sold from 261 investors on its Form D filed Dec 9, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Adapt Fund Ltd based?
Adapt Fund Ltd is based in Geneva, Ch, Switzerland and is managed by Adapt Investment Managers SA.
When did Adapt Fund Ltd launch?
Adapt Fund Ltd reports its first sale in Sep 2020.
Size compared with every hedge fund
Raised more than 89% of the 9 hedge funds based in Switzerland, and more than 95% of all 10,308 that report sales.
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