Elkwater BDC Income Offshore Fund Ltd.
Elkwater BDC Income Offshore Fund Ltd. is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Mar 19, 2026, the fund has sold $7,250,000 of interests to 3 investors since its first sale in Nov 2025. The minimum investment it accepts from an outside investor is $1,000,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Jordan Brock; Elkwater Capital Management LLC; William Bruce.
Performance
No verified 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
- $7,250,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Nov 1, 2025
- Minimum investment
- $1,000,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Jordan Brock; Elkwater Capital Management LLC; William Bruce
- Latest Form D
- Mar 19, 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 Elkwater BDC Income Offshore Fund Ltd.
What is the minimum investment for Elkwater BDC Income Offshore Fund Ltd.?
According to its latest Form D, filed Mar 19, 2026, the minimum investment Elkwater BDC Income Offshore Fund Ltd. accepts from an outside investor is $1,000,000.
Who can invest in Elkwater BDC Income Offshore Fund Ltd.?
Elkwater BDC Income Offshore Fund Ltd. is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Elkwater BDC Income Offshore Fund Ltd. raised?
Elkwater BDC Income Offshore Fund Ltd. reports $7,250,000 sold from 3 investors on its Form D filed Mar 19, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Elkwater BDC Income Offshore Fund Ltd. based?
Elkwater BDC Income Offshore Fund Ltd. is based in Grand Cayman, Cayman Islands and is managed by Elkwater Capital.
When did Elkwater BDC Income Offshore Fund Ltd. launch?
Elkwater BDC Income Offshore Fund Ltd. reports its first sale in Nov 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 21% of the 2,363 hedge funds based in Cayman Islands, and more than 18% of all 10,307 that report sales.