Kepos Carbon Evolution Fund Ltd.
Kepos Carbon Evolution Fund Ltd. is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Jan 16, 2026, the fund has sold $23,430,000 of interests to 2 investors since its first sale in Jul 2022. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Patrick Agemian; Mark Cook; Kepos Capital LP.
Performance
No 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
- $23,430,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Jul 15, 2022
- 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
- Patrick Agemian; Mark Cook; Kepos Capital LP
- Latest Form D
- Jan 16, 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
Raise history
| Filed | Filing | Total raised | Investors | Source |
|---|---|---|---|---|
| Jan 16, 2026 | Form D/A (amendment) | $23,430,000 | 2 | SEC.gov ↗ |
| Jan 17, 2025 | Form D/A (amendment) | $23,430,000 | 2 | SEC.gov ↗ |
| Jan 19, 2024 | Form D/A (amendment) | $23,430,000 | 2 | SEC.gov ↗ |
| Jan 20, 2023 | Form D/A (amendment) | $23,430,000 | 2 | SEC.gov ↗ |
| Jul 27, 2022 | Form D | $23,430,000 | 2 | SEC.gov ↗ |
5 Form D filings in the SEC's electronic records (2008 onward), the earliest on Jul 27, 2022. Each filing reports the cumulative amount sold and the number of investors to that date, as the fund filed it. Not verified, and not the fund's current assets. Source: U.S. Securities and Exchange Commission, Form D data sets.
Related vehicles with the same name (2)
| Vehicle | Total raised | Investors | Latest Form D |
|---|---|---|---|
| Kepos Carbon Evolution Fund LP | $78,593,283 | 5 | Jan 16, 2026 |
| Kepos Carbon Evolution Fund Ltd. (this page) | $23,430,000 | 2 | Jan 16, 2026 |
Funds are often offered through several legal vehicles, such as onshore, offshore, feeder, parallel or tax-exempt versions, and each one files its own Form D. These 2 filings share this fund's name apart from such vehicle words or a series letter, which usually means they are versions of one fund. Grouped by AltMountain from the names on the filings alone, so the list may be incomplete or include a separate fund with a near-identical name; amounts are each vehicle's own filing and should not be added together, because a feeder's money can also be counted in its master fund. Source: SEC Form D filings.
Questions about Kepos Carbon Evolution Fund Ltd.
What is the minimum investment for Kepos Carbon Evolution Fund Ltd.?
According to its latest Form D, filed Jan 16, 2026, the minimum investment Kepos Carbon Evolution Fund Ltd. accepts from an outside investor is $100,000.
Who can invest in Kepos Carbon Evolution Fund Ltd.?
Kepos Carbon Evolution 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 Kepos Carbon Evolution Fund Ltd. raised?
Kepos Carbon Evolution Fund Ltd. reports $23,430,000 sold from 2 investors on its Form D filed Jan 16, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Kepos Carbon Evolution Fund Ltd. based?
Kepos Carbon Evolution Fund Ltd. is based in Grand Cayman, Cayman Islands and is managed by Kepos Capital LP.
When did Kepos Carbon Evolution Fund Ltd. launch?
Kepos Carbon Evolution Fund Ltd. reports its first sale in Jul 2022, 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 29% of the 2,346 hedge funds based in Cayman Islands, and more than 32% of all 10,140 that report sales.