Brevan Howard LP
Brevan Howard LP is a hedge fund based in George Town, Grand Cayman, Cayman Islands. According to its most recent Form D, filed Dec 4, 2025, the fund has sold $8,547,889,589 of interests to 1,299 investors since its first sale in Feb 2004. 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 Philippe Lespinard; Karla Bodden; Brevan Howard General Partner Limited.
Performance
No verified returns have been reported for this fund. As a rough guide, Brevan Howard Capital Management, LP, which manages it, disclosed U.S. stock holdings that returned an estimated +27.9% 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 +49.4% (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
- $8,547,889,589Cumulative sales reported on Form D
- Investors
- 1,299
- First sale
- Feb 1, 2004
- 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
- Philippe Lespinard; Karla Bodden; Brevan Howard General Partner Limited
- Latest Form D
- Dec 4, 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 Brevan Howard LP
What is the minimum investment for Brevan Howard LP?
According to its latest Form D, filed Dec 4, 2025, the minimum investment Brevan Howard LP accepts from an outside investor is $1,000,000.
Who can invest in Brevan Howard LP?
Brevan Howard LP 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 Brevan Howard LP raised?
Brevan Howard LP reports $8,547,889,589 sold from 1,299 investors on its Form D filed Dec 4, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Brevan Howard LP based?
Brevan Howard LP is based in George Town, Grand Cayman, Cayman Islands and is managed by Brevan Howard Capital Management, LP.
When did Brevan Howard LP launch?
Brevan Howard LP reports its first sale in Feb 2004.
Size compared with every hedge fund
Raised more than 99% of the 2,363 hedge funds based in Cayman Islands, and more than 99% of all 10,307 that report sales.