Elementum Advisors, LLC is an SEC-registered investment adviser based in Chicago, IL that reports managing 21 hedge funds on Form ADV. It reports $4.5 billion in regulatory assets under management. Its private funds, of all types, hold $3.3 billion in gross assets.
- Regulatory assets under management
- $4.5 billionForm ADV Item 5.F
- Gross assets of private funds
- $3.3 billionAll private fund types, Form ADV
- Hedge funds managed
- 2121 private funds in total
- Employees
- 39Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 151635
- Latest Form ADV
- 03/26/2026Disciplinary disclosures: none reported
Hedge funds filing Form D (19)
Fund
First sale
Raised
Investors
Minimum
YTD performance
Elementum Opportunities Fund Ltd. - Class 6 Sub-Fund - Series 2026
Hamilton, BermudaOffshore
First saleDec 2025
Raised$400M
Investors1
Minimum$100K
YTD performanceNot reported
Elementum NatCat Offshore Fund II Ltd. - Class 2 Sub-Fund
Grand Cayman, Cayman IslandsOffshore
First saleDec 2020
Raised$275M
Investors9
Minimum$100K
YTD performanceNot reported
Elementum Opportunities Fund Ltd. - Class 3 Sub-Fund - Series 2026
Hamilton, BermudaOffshore
First saleDec 2025
Raised$200M
Investors7
Minimum$100K
YTD performanceNot reported
Elementum Natcat Offshore Fund LTD.
Grand Cayman, Cayman IslandsOffshore
First saleDec 2002
Raised$183M
Investors8
Minimum$100K
YTD performanceNot reported
Elementum Zephyrus Total Return Cat Bond Fund Ltd.
Grand Cayman, Cayman IslandsOffshore
First saleJun 2020
Raised$166M
Investors7
Minimum$100K
YTD performanceNot reported
Elementum Opportunities Fund Ltd. - Class 6 Sub-Fund - Series 2025
Hamilton, BermudaOffshore
First saleDec 2024
Raised$150M
Investors1
Minimum$100K
YTD performanceNot reported
Elementum Opportunities Fund Ltd. - Class 1 Sub-Fund - Series 2026
Hamilton, BermudaOffshore
First saleMar 2026
Raised$100M
Investors2
Minimum$100K
YTD performanceNot reported
Elementum Opportunities Fund Ltd. - Class 3 Sub-Fund - Series 2025
Hamilton, BermudaOffshore
First saleDec 2024
Raised$75.0M
Investors7
Minimum$100K
YTD performanceNot reported
Elementum Directus Offshore Fund Ltd
Grand Cayman, Cayman IslandsOffshore
First saleMay 2012
Raised$65.7M
Investors5
Minimum$100K
YTD performanceNot reported
Elementum Njord Cat Bond Fund Ltd.
Grand Cayman, Cayman IslandsOffshore
First saleApr 2025
Raised$60.0M
Investors2
Minimum$1.0M
YTD performanceNot reported
Elementum Opportunities Fund Ltd. - Class 1 Sub-Fund - Series 2025
Hamilton, BermudaOffshore
First saleDec 2024
Raised$50.0M
Investors2
Minimum$100K
YTD performanceNot reported
Elementum Directus Onshore Fund LP
Chicago, IL
First saleJun 2012
Raised$48.8M
Investors11
MinimumNone set
YTD performanceNot reported
Elementum NatCat Onshore Fund LP
Chicago, IL
First saleJul 2006
Raised$40.6M
Investors20
MinimumNone set
YTD performanceNot reported
Elementum Opportunities Fund Ltd. - Class 7 Sub-Fund - Series 2026
Hamilton, BermudaEmergingOffshore
First saleDec 2025
Raised$30.0M
Investors1
Minimum$100K
YTD performanceNot reported
Elementum Opportunities Fund Ltd. - Class 7 Sub-Fund - Series 2025
Hamilton, BermudaEmergingOffshore
First saleDec 2024
Raised$30.0M
Investors1
Minimum$100K
YTD performanceNot reported
Elementum Opportunities Fund Ltd. -- Class 8 Sub-Fund
Hamilton, BermudaEmergingOffshore
First saleFeb 2025
Raised$23.9M
Investors4
Minimum$100K
YTD performanceNot reported
Elementum Opportunities Fund Ltd. - Class 4 Sub-Fund - Series 2025
Hamilton, BermudaEmergingOffshore
First saleDec 2024
Raised$22.0M
Investors3
Minimum$100K
YTD performanceNot reported
Elementum Opportunities Fund Ltd. - Class 10 Sub-Fund - Series 2026
Hamilton, BermudaEmergingOffshore
First saleFeb 2026
Raised$21.5M
Investors5
Minimum$100K
YTD performanceNot reported
Elementum Opportunities Fund Ltd. - Class 9 Sub-Fund - Series 2026
Hamilton, BermudaEmergingOffshore
First saleDec 2025
Raised$18.0M
Investors3
Minimum$100K
YTD performanceNot reported
Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.
Private funds reported on Form ADV (11)
Fund
Gross assets
Minimum
Owners
Adviser
Elementum Zephyrus Total Return Cat Bond Fund LTD.
British Virgin IslandsHedge fund
Gross assets$896M
Minimum$1.0M
Owners12
AdviserElementum Advisors, LLC
Elementum Natcat Master Fund LTD.
BermudaHedge fund
Gross assets$273M
Minimum$1.0M
Owners62
AdviserElementum Advisors, LLC
Elementum Opportunities Fund LTD. - Class 1 Sub-Fund
BermudaHedge fund
Gross assets$218M
Minimum$1.0M
Owners2
AdviserElementum Advisors, LLC
Elementum Natcat Offshore Fund II LTD. Class 2 - Sub-Fund
BermudaHedge fund
Gross assets$171M
Minimum$1.0M
Owners9
AdviserElementum Advisors, LLC
Elementum Directus Fund LTD. -- Class 1 Sub-Fund
BermudaHedge fund
Gross assets$87.6M
Minimum$1.0M
Owners36
AdviserElementum Advisors, LLC
Favonius Cat Bond Fund LTD.
British Virgin IslandsHedge fund
Gross assets$76.8M
Minimum$100K
Owners4
AdviserElementum Advisors, LLC
Elementum Opportunities Fund LTD. - Class 2 Sub-Fund
BermudaHedge fund
Gross assets$38.6M
Minimum$1.0M
Owners1
AdviserElementum Advisors, LLC
Elementum Opportunities Fund LTD. - Class 5 Sub-Fund
BermudaHedge fund
Gross assets$35.8M
Minimum$1.0M
Owners5
AdviserElementum Advisors, LLC
Elementum Eridanus Fund LTD. - Mga Sub-Fund
BermudaHedge fund
Gross assets$25.4M
Minimum$1.0M
Owners3
AdviserElementum Advisors, LLC
Elementum Opportunities Fund LTD. - Class 3 Sub-Fund
BermudaHedge fund
Gross assets$25.0M
Minimum$1.0M
Owners8
AdviserElementum Advisors, LLC
Elementum Directus Fund LTD. -- Master Fund Class 2 Sub-Fund
BermudaHedge fund
Gross assets$6.5M
Minimum$1.0M
Owners2
AdviserElementum Advisors, LLC
As reported in the adviser's Form ADV filed Jul 12, 2024. Funds also listed from Form D are shown above.
Fund vehicles: feeder funds and single-deal vehicles (6)
Fund
Gross assets
Minimum
Owners
Adviser
Elementum Natcat Offshore Fund LTD.
BermudaHedge fund
Gross assets$266M
Minimum$1.0M
Owners43
AdviserElementum Advisors, LLC
Elementum Directus Offshore Fund LTD. -- Offshore Class 1 Sub-Fund
BermudaHedge fund
Gross assets$89.0M
Minimum$1.0M
Owners31
AdviserElementum Advisors, LLC
Elementum Natcat Onshore Fund LP
Delaware, United StatesHedge fund
Gross assets$8.9M
Minimum$1.0M
Owners6
AdviserElementum Advisors, LLC
Elementum Directus Onshore Fund LP
Delaware, United StatesHedge fund
Gross assets$7.0M
Minimum$1.0M
Owners5
AdviserElementum Advisors, LLC
Elementum Directus Offshore Fund LTD. -- Offshore Class 2 Sub-Fund
BermudaHedge fund
Gross assets$6.4M
Minimum$1.0M
Owners2
AdviserElementum Advisors, LLC
Elementum Natcat Offshore Fund II LTD. - Chf Sub-Fund
BermudaHedge fund
Gross assets$1.2M
Minimum$1.0M
Owners13
AdviserElementum Advisors, LLC
Feeder funds invest through a master fund; single-deal vehicles (SPVs, co-investments, series) hold one investment.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures