AltMountain

Black Diamond Ltd.

Offshore
Status: no Form D since Sep 2022. 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.

Black Diamond Ltd. is a hedge fund based in Camana Bay, Grand Cayman, Cayman Islands. According to its most recent Form D, filed Sep 29, 2022, the fund has sold $379,730,767 of interests to 79 investors since its first sale in Jan 1996. The minimum investment it accepts from an outside investor is $50,000. 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 Carlson Capital, L.P; Clint Carlson; Jane Buchan.

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
$379,730,767Cumulative sales reported on Form D
Investors
79
First sale
Jan 1, 1996
Minimum investment
$50,000
Who can invest
Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption
Rule 506(b)No general advertising
Key people and entities
Carlson Capital, L.P; Clint Carlson; Jane Buchan
Latest Form D
Sep 29, 2022

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 Black Diamond Ltd.

What is the minimum investment for Black Diamond Ltd.?

According to its latest Form D, filed Sep 29, 2022, the minimum investment Black Diamond Ltd. accepts from an outside investor is $50,000.

Who can invest in Black Diamond Ltd.?

Black Diamond 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 Black Diamond Ltd. raised?

Black Diamond Ltd. reports $379,730,767 sold from 79 investors on its Form D filed Sep 29, 2022. This is cumulative sales since the offering began, not current assets or performance.

Where is Black Diamond Ltd. based?

Black Diamond Ltd. is based in Camana Bay, Grand Cayman, Cayman Islands.

When did Black Diamond Ltd. launch?

Black Diamond Ltd. reports its first sale in Jan 1996.

Size compared with every hedge fund

Raised more than 71% of the 2,343 hedge funds based in Cayman Islands, and more than 78% of all 10,129 that report sales.

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