AltMountain

Factorial Master Fund

Central, Hong Kong · CIK 2047141 · Managed by Factorial Management Limited
EmergingOffshore

Factorial Master Fund is a hedge fund based in Central, Hong Kong. According to its most recent Form D, filed Jan 14, 2026, the fund has sold $29,809,518 of interests to 12 investors since its first sale in Jan 2025. The minimum investment it accepts from an outside investor is $500,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Ronan Guilfoyle; Barun Agarwal.

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
$29,809,518Cumulative sales reported on Form D
Investors
12
First sale
Jan 1, 2025
Minimum investment
$500,000
Who can invest
Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption
Rule 506(b)No general advertising
Key people and entities
Ronan Guilfoyle; Barun Agarwal
Latest Form D
Jan 14, 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 Factorial Master Fund

What is the minimum investment for Factorial Master Fund?

According to its latest Form D, filed Jan 14, 2026, the minimum investment Factorial Master Fund accepts from an outside investor is $500,000.

Who can invest in Factorial Master Fund?

Factorial Master Fund 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 Factorial Master Fund raised?

Factorial Master Fund reports $29,809,518 sold from 12 investors on its Form D filed Jan 14, 2026. This is cumulative sales since the offering began, not current assets or performance.

Where is Factorial Master Fund based?

Factorial Master Fund is based in Central, Hong Kong and is managed by Factorial Management Limited.

When did Factorial Master Fund launch?

Factorial Master Fund reports its first sale in Jan 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 34% of the 100 hedge funds based in Hong Kong, and more than 37% of all 10,308 that report sales.

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