Readystate Offshore Fund, Ltd.
Readystate Offshore Fund, Ltd. is a hedge fund based in Chicago, Illinois. According to its most recent Form D, filed Mar 11, 2026, the fund has sold $1,174,034,319 of interests to 71 investors since its first sale in Mar 2022. The minimum investment it accepts from an outside investor is $5,000,000. 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 David Grossman; Shellane Mulcahy; Ryan Garino.
Performance
No verified returns have been reported for this fund. As a rough guide, Readystate Asset Management, which manages it, disclosed U.S. stock holdings that returned an estimated +2.9% 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 +22.7% (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
- $1,174,034,319Cumulative sales reported on Form D
- Investors
- 71
- First sale
- Mar 1, 2022
- Minimum investment
- $5,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- David Grossman; Shellane Mulcahy; Ryan Garino
- Latest Form D
- Mar 11, 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 Readystate Offshore Fund, Ltd.
What is the minimum investment for Readystate Offshore Fund, Ltd.?
According to its latest Form D, filed Mar 11, 2026, the minimum investment Readystate Offshore Fund, Ltd. accepts from an outside investor is $5,000,000.
Who can invest in Readystate Offshore Fund, Ltd.?
Readystate Offshore 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 Readystate Offshore Fund, Ltd. raised?
Readystate Offshore Fund, Ltd. reports $1,174,034,319 sold from 71 investors on its Form D filed Mar 11, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Readystate Offshore Fund, Ltd. based?
Readystate Offshore Fund, Ltd. is based in Chicago, Illinois and is managed by Readystate Asset Management.
When did Readystate Offshore Fund, Ltd. launch?
Readystate Offshore Fund, Ltd. reports its first sale in Mar 2022.
Size compared with every hedge fund
Raised more than 96% of the 323 hedge funds based in Illinois, and more than 91% of all 10,308 that report sales.