Sapelo Fund Cayman LTD is a hedge fund based in Grand Cay Cay Isl, Cayman Islands. According to its most recent Form D, filed Aug 28, 2014, the fund has sold $43,330,141 of interests to 3 investors since its first sale in May 2006. The filing does not set a minimum investment. 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 Richard Courts, II; Brent Cann; Pointer Capital, LLC.
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
- $43,330,141Cumulative sales reported on Form D
- Investors
- 3
- First sale
- May 1, 2006
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Richard Courts, II; Brent Cann; Pointer Capital, LLC
- Latest Form D
- Aug 28, 2014
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
Related vehicles with the same name (2)
| Vehicle | Total raised | Investors | Latest Form D |
|---|---|---|---|
| SAPELO FUND CAYMAN LTD (this page) | $43,330,141 | 3 | Aug 28, 2014 |
| Sapelo Fund, LP | $6,856,272 | 13 | Aug 28, 2014 |
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 Sapelo Fund Cayman LTD
What is the minimum investment for Sapelo Fund Cayman LTD?
Sapelo Fund Cayman LTD's latest Form D, filed Aug 28, 2014, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Sapelo Fund Cayman LTD?
Sapelo Fund Cayman 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 Sapelo Fund Cayman LTD raised?
Sapelo Fund Cayman LTD reports $43,330,141 sold from 3 investors on its Form D filed Aug 28, 2014. This is cumulative sales since the offering began, not current assets or performance.
Where is Sapelo Fund Cayman LTD based?
Sapelo Fund Cayman LTD is based in Grand Cay Cay Isl, Cayman Islands.
When did Sapelo Fund Cayman LTD launch?
Sapelo Fund Cayman LTD reports its first sale in May 2006.
Size compared with every hedge fund
Raised more than 37% of the 2,346 hedge funds based in Cayman Islands, and more than 43% of all 10,140 that report sales.