Independent Return Offshore Vehicle, Ltd.
Independent Return Offshore Vehicle, Ltd. is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Feb 10, 2026, the fund has sold $504,656,777 of interests to 169 investors since its first sale in Nov 2010. 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 SCS Capital Management LLC; Alan Tooker; Marcelo Vedovatto.
Performance
No verified returns have been reported for this fund. As a rough guide, SCS Capital Management LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +8.1% 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 +29.8% (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.
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- Total raised
- $504,656,777Cumulative sales reported on Form D
- Investors
- 169
- First sale
- Nov 1, 2010
- 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
- SCS Capital Management LLC; Alan Tooker; Marcelo Vedovatto
- Latest Form D
- Feb 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 Independent Return Offshore Vehicle, Ltd.
What is the minimum investment for Independent Return Offshore Vehicle, Ltd.?
According to its latest Form D, filed Feb 10, 2026, the minimum investment Independent Return Offshore Vehicle, Ltd. accepts from an outside investor is $100,000.
Who can invest in Independent Return Offshore Vehicle, Ltd.?
Independent Return Offshore Vehicle, 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 Independent Return Offshore Vehicle, Ltd. raised?
Independent Return Offshore Vehicle, Ltd. reports $504,656,777 sold from 169 investors on its Form D filed Feb 10, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Independent Return Offshore Vehicle, Ltd. based?
Independent Return Offshore Vehicle, Ltd. is based in Grand Cayman, Cayman Islands and is managed by SCS Capital Management LLC.
When did Independent Return Offshore Vehicle, Ltd. launch?
Independent Return Offshore Vehicle, Ltd. reports its first sale in Nov 2010.
Size compared with every hedge fund
Raised more than 75% of the 2,363 hedge funds based in Cayman Islands, and more than 82% of all 10,308 that report sales.