Entropy Offshore Fund, Ltd.
Entropy Offshore Fund, Ltd. is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Jan 2, 2026, the fund has sold $200,734,133 of interests to 22 investors since its first sale in Jul 2023. The minimum investment it accepts from an outside investor is $100,000. 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 Vikram Modi; Damir Durkovic; Entropy Technologies, LP.
Performance
No verified returns have been reported for this fund. As a rough guide, Entropy Technologies, LP, which manages it, disclosed U.S. stock holdings that returned an estimated +14.0% 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 +36.6% (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
- $200,734,133Cumulative sales reported on Form D
- Investors
- 22
- First sale
- Jul 1, 2023
- Minimum investment
- $100,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Vikram Modi; Damir Durkovic; Entropy Technologies, LP
- Latest Form D
- Jan 2, 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 Entropy Offshore Fund, Ltd.
What is the minimum investment for Entropy Offshore Fund, Ltd.?
According to its latest Form D, filed Jan 2, 2026, the minimum investment Entropy Offshore Fund, Ltd. accepts from an outside investor is $100,000.
Who can invest in Entropy Offshore Fund, Ltd.?
Entropy 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 Entropy Offshore Fund, Ltd. raised?
Entropy Offshore Fund, Ltd. reports $200,734,133 sold from 22 investors on its Form D filed Jan 2, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Entropy Offshore Fund, Ltd. based?
Entropy Offshore Fund, Ltd. is based in Grand Cayman, Cayman Islands and is managed by Entropy Technologies, LP.
When did Entropy Offshore Fund, Ltd. launch?
Entropy Offshore Fund, Ltd. reports its first sale in Jul 2023.
Size compared with every hedge fund
Raised more than 61% of the 2,363 hedge funds based in Cayman Islands, and more than 69% of all 10,308 that report sales.