Garnet Absolute Return Fund, Ltd. is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Mar 5, 2018, the fund has sold $101,266,449 of interests to 32 investors since its first sale in Jan 2003. The minimum investment it accepts from an outside investor is $50,000. 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 Ian Goodall; EACM Advisors LLC; Michael McDonald.
Performance
No 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
- $101,266,449Cumulative sales reported on Form D
- Investors
- 32
- First sale
- Jan 3, 2003
- Minimum investment
- $50,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Ian Goodall; EACM Advisors LLC; Michael McDonald
- Latest Form D
- Mar 5, 2018
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 Garnet Absolute Return Fund, Ltd.
What is the minimum investment for Garnet Absolute Return Fund, Ltd.?
According to its latest Form D, filed Mar 5, 2018, the minimum investment Garnet Absolute Return Fund, Ltd. accepts from an outside investor is $50,000.
Who can invest in Garnet Absolute Return Fund, Ltd.?
Garnet Absolute Return 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 Garnet Absolute Return Fund, Ltd. raised?
Garnet Absolute Return Fund, Ltd. reports $101,266,449 sold from 32 investors on its Form D filed Mar 5, 2018. This is cumulative sales since the offering began, not current assets or performance.
Where is Garnet Absolute Return Fund, Ltd. based?
Garnet Absolute Return Fund, Ltd. is based in Grand Cayman, Cayman Islands.
When did Garnet Absolute Return Fund, Ltd. launch?
Garnet Absolute Return Fund, Ltd. reports its first sale in Jan 2003.
Size compared with every hedge fund
Raised more than 49% of the 2,343 hedge funds based in Cayman Islands, and more than 58% of all 10,128 that report sales.
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