Cinctive Global Master Fund Ltd.
Cinctive Global Master Fund Ltd. is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Sep 8, 2026, the fund has sold $1,342,189,605 of interests to 6 investors since its first sale in Aug 2019. The minimum investment it accepts from an outside investor is $10,000,000. 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 Cinctive Capital Management LP; Lawrence Sapanski; Thomas Parsons, Jr.
Performance
No returns have been reported for this fund. As a rough guide, Cinctive Capital Management LP, which manages it, disclosed U.S. stock holdings that returned an estimated +14.7% 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 +49.9% (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
- $1,342,189,605Cumulative sales reported on Form D
- Investors
- 6
- First sale
- Aug 31, 2019
- Minimum investment
- $10,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Cinctive Capital Management LP; Lawrence Sapanski; Thomas Parsons, Jr
- Latest Form D
- Sep 8, 2026
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 Cinctive Global Master Fund Ltd.
What is the minimum investment for Cinctive Global Master Fund Ltd.?
According to its latest Form D, filed Sep 8, 2026, the minimum investment Cinctive Global Master Fund Ltd. accepts from an outside investor is $10,000,000.
Who can invest in Cinctive Global Master Fund Ltd.?
Cinctive Global Master 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 Cinctive Global Master Fund Ltd. raised?
Cinctive Global Master Fund Ltd. reports $1,342,189,605 sold from 6 investors on its Form D filed Sep 8, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Cinctive Global Master Fund Ltd. based?
Cinctive Global Master Fund Ltd. is based in Grand Cayman, Cayman Islands and is managed by Cinctive Capital Management LP.
When did Cinctive Global Master Fund Ltd. launch?
Cinctive Global Master Fund Ltd. reports its first sale in Aug 2019.
Size compared with every hedge fund
Raised more than 90% of the 2,343 hedge funds based in Cayman Islands, and more than 92% of all 10,129 that report sales.