Hillsdale Canadian Micro Cap Equity Fund
Hillsdale Canadian Micro Cap Equity Fund is a hedge fund based in Toronto, Ontario, Canada. According to its most recent Form D, filed Jan 26, 2026, the fund has sold $1,239,568 of interests to 3 investors since its first sale in Jul 2023. The filing does not set a minimum investment. 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 Christopher Guthrie; Hillsdale Investment Management Inc.
Performance
No verified returns have been reported for this fund. As a rough guide, Hillsdale Investment Management Inc., which manages it, disclosed U.S. stock holdings that returned an estimated +13.7% 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 +62.9% (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
- $1,239,568Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Jul 26, 2023
- Minimum investment
- None set
- 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
- Christopher Guthrie; Hillsdale Investment Management Inc
- Latest Form D
- Jan 26, 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 Hillsdale Canadian Micro Cap Equity Fund
What is the minimum investment for Hillsdale Canadian Micro Cap Equity Fund?
Hillsdale Canadian Micro Cap Equity Fund's latest Form D, filed Jan 26, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Hillsdale Canadian Micro Cap Equity Fund?
Hillsdale Canadian Micro Cap Equity 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 Hillsdale Canadian Micro Cap Equity Fund raised?
Hillsdale Canadian Micro Cap Equity Fund reports $1,239,568 sold from 3 investors on its Form D filed Jan 26, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Hillsdale Canadian Micro Cap Equity Fund based?
Hillsdale Canadian Micro Cap Equity Fund is based in Toronto, Ontario, Canada and is managed by Hillsdale Investment Management Inc..
When did Hillsdale Canadian Micro Cap Equity Fund launch?
Hillsdale Canadian Micro Cap Equity 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 47% of the 30 hedge funds based in Ontario, Canada, and more than 7% of all 10,308 that report sales.