Basso Select Opportunities Fund Ltd. is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Jul 28, 2017, the fund has sold $103,519,171 of interests to 16 investors since its first sale in Jul 2016. 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 David Bree; John Lepore; Howard Fischer.
Performance
No returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
Is this your fund? Report your monthly returns · How performance works
- Total raised
- $103,519,171Cumulative sales reported on Form D
- Investors
- 16
- First sale
- Jul 14, 2016
- 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
- David Bree; John Lepore; Howard Fischer
- Latest Form D
- Jul 28, 2017
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 |
|---|---|---|---|---|
| Jul 28, 2017 | Form D/A (amendment) | $103,519,171 | 16 | SEC.gov ↗ |
| Jul 28, 2016 | Form D | $95,820,000 | 13 | SEC.gov ↗ |
2 Form D filings in the SEC's electronic records (2008 onward), the earliest on Jul 28, 2016. 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 |
|---|---|---|---|
| Basso Select Opportunities Fund Ltd. (this page) | $103,519,171 | 16 | Jul 28, 2017 |
| Basso Select Opportunities Fund L.P. | $12,800,000 | 5 | Jul 28, 2017 |
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 Basso Select Opportunities Fund Ltd.
What is the minimum investment for Basso Select Opportunities Fund Ltd.?
According to its latest Form D, filed Jul 28, 2017, the minimum investment Basso Select Opportunities Fund Ltd. accepts from an outside investor is $100,000.
Who can invest in Basso Select Opportunities Fund Ltd.?
Basso Select Opportunities 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 Basso Select Opportunities Fund Ltd. raised?
Basso Select Opportunities Fund Ltd. reports $103,519,171 sold from 16 investors on its Form D filed Jul 28, 2017. This is cumulative sales since the offering began, not current assets or performance.
Where is Basso Select Opportunities Fund Ltd. based?
Basso Select Opportunities Fund Ltd. is based in Grand Cayman, Cayman Islands.
When did Basso Select Opportunities Fund Ltd. launch?
Basso Select Opportunities Fund Ltd. reports its first sale in Jul 2016.
Size compared with every hedge fund
Raised more than 49% of the 2,346 hedge funds based in Cayman Islands, and more than 58% of all 10,140 that report sales.