AltMountain

North Pole Select

Offshore
Status: no Form D since Dec 2015. Funds file a Form D when they begin selling and amend it each year while the offering continues, so this fund has most likely stopped raising money. It may still be investing, or it may have closed or been dissolved. The details below are from its latest filing, kept here as a record.

North Pole Select is a hedge fund based in Camana Bay, Grand Cayman, Cayman Islands. According to its most recent Form D, filed Dec 22, 2015, the fund has sold $21,000,000 of interests to 1 investor since its first sale in May 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 Gregory Bennett; Richard Vaughan; Polar Asset Management Partners Inc.

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
$21,000,000Cumulative sales reported on Form D
Investors
1
First sale
May 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
Gregory Bennett; Richard Vaughan; Polar Asset Management Partners Inc
Latest Form D
Dec 22, 2015

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 North Pole Select

What is the minimum investment for North Pole Select?

According to its latest Form D, filed Dec 22, 2015, the minimum investment North Pole Select accepts from an outside investor is $100,000.

Who can invest in North Pole Select?

North Pole Select 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 North Pole Select raised?

North Pole Select reports $21,000,000 sold from 1 investor on its Form D filed Dec 22, 2015. This is cumulative sales since the offering began, not current assets or performance.

Where is North Pole Select based?

North Pole Select is based in Camana Bay, Grand Cayman, Cayman Islands.

When did North Pole Select launch?

North Pole Select reports its first sale in May 2010.

Size compared with every hedge fund

Raised more than 28% of the 2,342 hedge funds based in Cayman Islands, and more than 31% of all 10,102 that report sales.

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