AltMountain

iCapital Multi-Strategy Fund, Ltd.

New York, NY · CIK 1600941 · Managed by Icapital Advisors, LLC

iCapital Multi-Strategy Fund, Ltd. is a hedge fund based in New York, New York. According to its most recent Form D, filed Jun 2, 2026, the fund has sold $457,920,484 of interests to 876 investors since its first sale in Mar 2014. The minimum investment it accepts from an outside investor is $41,817. 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 Michael Stanton; iCapital Advisors, LLC.

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
$457,920,484Cumulative sales reported on Form D
Investors
876
First sale
Mar 1, 2014
Minimum investment
$41,817
Who can invest
Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption
Rule 506(b)No general advertising
Key people and entities
Michael Stanton; iCapital Advisors, LLC
Latest Form D
Jun 2, 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 iCapital Multi-Strategy Fund, Ltd.

What is the minimum investment for iCapital Multi-Strategy Fund, Ltd.?

According to its latest Form D, filed Jun 2, 2026, the minimum investment iCapital Multi-Strategy Fund, Ltd. accepts from an outside investor is $41,817.

Who can invest in iCapital Multi-Strategy Fund, Ltd.?

iCapital Multi-Strategy 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 iCapital Multi-Strategy Fund, Ltd. raised?

iCapital Multi-Strategy Fund, Ltd. reports $457,920,484 sold from 876 investors on its Form D filed Jun 2, 2026. This is cumulative sales since the offering began, not current assets or performance.

Where is iCapital Multi-Strategy Fund, Ltd. based?

iCapital Multi-Strategy Fund, Ltd. is based in New York, New York and is managed by Icapital Advisors, LLC.

When did iCapital Multi-Strategy Fund, Ltd. launch?

iCapital Multi-Strategy Fund, Ltd. reports its first sale in Mar 2014.

Size compared with every hedge fund

Raised more than 79% of the 2,544 hedge funds based in New York, and more than 81% of all 10,308 that report sales.

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