Bornite Offshore Fund Ltd.
Bornite Offshore Fund Ltd. is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Nov 26, 2025, the fund has sold $377,096,180 of interests to 58 investors since its first sale in Jan 2021. 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 Bornite Capital Management, LP; Daniel Dreyfus; Matthew Frame.
Performance
No verified returns have been reported for this fund. As a rough guide, Bornite Capital Management LP, which manages it, disclosed U.S. stock holdings that returned an estimated +28.3% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +96.0% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $377,096,180Cumulative sales reported on Form D
- Investors
- 58
- First sale
- Jan 1, 2021
- 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
- Bornite Capital Management, LP; Daniel Dreyfus; Matthew Frame
- Latest Form D
- Nov 26, 2025
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 Bornite Offshore Fund Ltd.
What is the minimum investment for Bornite Offshore Fund Ltd.?
According to its latest Form D, filed Nov 26, 2025, the minimum investment Bornite Offshore Fund Ltd. accepts from an outside investor is $1,000,000.
Who can invest in Bornite Offshore Fund Ltd.?
Bornite Offshore 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 Bornite Offshore Fund Ltd. raised?
Bornite Offshore Fund Ltd. reports $377,096,180 sold from 58 investors on its Form D filed Nov 26, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Bornite Offshore Fund Ltd. based?
Bornite Offshore Fund Ltd. is based in Grand Cayman, Cayman Islands and is managed by Bornite Capital Management LP.
When did Bornite Offshore Fund Ltd. launch?
Bornite Offshore Fund Ltd. reports its first sale in Jan 2021.
Size compared with every hedge fund
Raised more than 71% of the 2,363 hedge funds based in Cayman Islands, and more than 78% of all 10,308 that report sales.