Blackfish Alpha Offshore Ltd. is a hedge fund based in Austin, Texas. According to its most recent Form D, filed Oct 20, 2026, the fund has sold $25,244,399 of interests to 3 investors since its first sale in Nov 2025. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Blue Orca, LLC; Soren Aandahl; Josh Roseman.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $25,244,399Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Nov 1, 2025
- Minimum investment
- $100,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Blue Orca, LLC; Soren Aandahl; Josh Roseman
- Latest Form D
- Oct 20, 2026
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 Blackfish Alpha Offshore Ltd.
What is the minimum investment for Blackfish Alpha Offshore Ltd.?
According to its latest Form D, filed Oct 20, 2026, the minimum investment Blackfish Alpha Offshore Ltd. accepts from an outside investor is $100,000.
Who can invest in Blackfish Alpha Offshore Ltd.?
Blackfish Alpha Offshore Ltd. is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Blackfish Alpha Offshore Ltd. raised?
Blackfish Alpha Offshore Ltd. reports $25,244,399 sold from 3 investors on its Form D filed Oct 20, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Blackfish Alpha Offshore Ltd. based?
Blackfish Alpha Offshore Ltd. is based in Austin, Texas and is managed by Blue Orca, LLC.
When did Blackfish Alpha Offshore Ltd. launch?
Blackfish Alpha Offshore Ltd. reports its first sale in Nov 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 47% of the 631 hedge funds based in Texas, and more than 34% of all 10,308 that report sales.