AltMountain

Boreas LTD

Offshore
Status: no Form D since Feb 2014. 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.

Boreas LTD is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Feb 7, 2014, the fund has sold $5,000,000 of interests to 1 investor since its first sale in May 2008. The minimum investment it accepts from an outside investor is $1,000,000. 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 Sophia Dilbert; George Bashforth.

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
$5,000,000Cumulative sales reported on Form D
Investors
1
First sale
May 30, 2008
Minimum investment
$1,000,000
Who can invest
Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption
Rule 506(b)No general advertising
Key people and entities
Sophia Dilbert; George Bashforth
Latest Form D
Feb 7, 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

Questions about Boreas LTD

What is the minimum investment for Boreas LTD?

According to its latest Form D, filed Feb 7, 2014, the minimum investment Boreas LTD accepts from an outside investor is $1,000,000.

Who can invest in Boreas LTD?

Boreas 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 Boreas LTD raised?

Boreas LTD reports $5,000,000 sold from 1 investor on its Form D filed Feb 7, 2014. This is cumulative sales since the offering began, not current assets or performance.

Where is Boreas LTD based?

Boreas LTD is based in Grand Cayman, Cayman Islands.

When did Boreas LTD launch?

Boreas LTD reports its first sale in May 2008.

Size compared with every hedge fund

Raised more than 18% of the 2,343 hedge funds based in Cayman Islands, and more than 14% of all 10,119 that report sales.

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