HCEP Offshore Fund is a hedge fund based in Hong Kong, Hong Kong. According to its most recent Form D, filed Dec 16, 2025, the fund has sold $981,000,000 of interests to 23 investors since its first sale in Aug 2020. The minimum investment it accepts from an outside investor is $100,000. 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 Hcep Management Limited; Cao Fang; Yolanda Banks McCoy.
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
- $981,000,000Cumulative sales reported on Form D
- Investors
- 23
- First sale
- Aug 10, 2020
- Minimum investment
- $100,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Hcep Management Limited; Cao Fang; Yolanda Banks McCoy
- Latest Form D
- Dec 16, 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 HCEP Offshore Fund
What is the minimum investment for HCEP Offshore Fund?
According to its latest Form D, filed Dec 16, 2025, the minimum investment HCEP Offshore Fund accepts from an outside investor is $100,000.
Who can invest in HCEP Offshore Fund?
HCEP Offshore 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 HCEP Offshore Fund raised?
HCEP Offshore Fund reports $981,000,000 sold from 23 investors on its Form D filed Dec 16, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is HCEP Offshore Fund based?
HCEP Offshore Fund is based in Hong Kong, Hong Kong and is managed by Hcep Management Limited.
When did HCEP Offshore Fund launch?
HCEP Offshore Fund reports its first sale in Aug 2020.
Size compared with every hedge fund
Raised more than 90% of the 100 hedge funds based in Hong Kong, and more than 89% of all 10,308 that report sales.