AltMountain

Hound Partners Variable Beta Fund, Ltd.

Grand Cayman, Cayman Islands · CIK 1827432 · Managed by Hound Partners
Offshore

Hound Partners Variable Beta Fund, Ltd. is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Jul 10, 2026, the fund has sold $654,936,847 of interests to 30 investors since its first sale in Oct 2020. The minimum investment it accepts from an outside investor is $10,000,000. 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 Geoffrey Butler; Jonathan Auerbach; Angilynn Baraud.

Performance

13F estimate · public data only

No verified returns have been reported for this fund. As a rough guide, Hound Partners, which manages it, disclosed U.S. stock holdings that returned an estimated -2.1% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +57.9% (S&P 500: +37.2%).

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
$654,936,847Cumulative sales reported on Form D
Investors
30
First sale
Oct 1, 2020
Minimum investment
$10,000,000
Who can invest
Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption
Rule 506(b)No general advertising
Key people and entities
Geoffrey Butler; Jonathan Auerbach; Angilynn Baraud
Latest Form D
Jul 10, 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 Hound Partners Variable Beta Fund, Ltd.

What is the minimum investment for Hound Partners Variable Beta Fund, Ltd.?

According to its latest Form D, filed Jul 10, 2026, the minimum investment Hound Partners Variable Beta Fund, Ltd. accepts from an outside investor is $10,000,000.

Who can invest in Hound Partners Variable Beta Fund, Ltd.?

Hound Partners Variable Beta 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 Hound Partners Variable Beta Fund, Ltd. raised?

Hound Partners Variable Beta Fund, Ltd. reports $654,936,847 sold from 30 investors on its Form D filed Jul 10, 2026. This is cumulative sales since the offering began, not current assets or performance.

Where is Hound Partners Variable Beta Fund, Ltd. based?

Hound Partners Variable Beta Fund, Ltd. is based in Grand Cayman, Cayman Islands and is managed by Hound Partners.

When did Hound Partners Variable Beta Fund, Ltd. launch?

Hound Partners Variable Beta Fund, Ltd. reports its first sale in Oct 2020.

Size compared with every hedge fund

Raised more than 80% of the 2,362 hedge funds based in Cayman Islands, and more than 85% of all 10,309 that report sales.

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