Explore Capital Offshore Fund
Explore Capital Offshore Fund is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Jan 23, 2026, the fund has sold $2,390,000 of interests to 3 investors since its first sale in Jul 2023. The minimum investment it accepts from an outside investor is $500,000. 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 Explore Capital Fund, LP; Pranav Popat; Sumeet Jaisinghani.
Performance
No verified returns have been reported for this fund. As a rough guide, Explore Capital Management, LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +18.7% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2025 to Q2 2026, the estimate is +20.5% (S&P 500: +20.9%).
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
- $2,390,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Jul 1, 2023
- Minimum investment
- $500,000
- 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
- Explore Capital Fund, LP; Pranav Popat; Sumeet Jaisinghani
- Latest Form D
- Jan 23, 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 Explore Capital Offshore Fund
What is the minimum investment for Explore Capital Offshore Fund?
According to its latest Form D, filed Jan 23, 2026, the minimum investment Explore Capital Offshore Fund accepts from an outside investor is $500,000.
Who can invest in Explore Capital Offshore Fund?
Explore Capital Offshore Fund 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 Explore Capital Offshore Fund raised?
Explore Capital Offshore Fund reports $2,390,000 sold from 3 investors on its Form D filed Jan 23, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Explore Capital Offshore Fund based?
Explore Capital Offshore Fund is based in Grand Cayman, Cayman Islands and is managed by Explore Capital Management, LLC.
When did Explore Capital Offshore Fund launch?
Explore Capital Offshore Fund reports its first sale in Jul 2023, 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 16% of the 2,363 hedge funds based in Cayman Islands, and more than 10% of all 10,308 that report sales.