IBC Fund
IBC Fund is a private equity fund organized in Cayman Islands and advised by IDG Capital Mega. Its adviser reported $2,670,839,875 in gross assets for the fund on Form ADV, filed Mar 28, 2024. It reported 28 beneficial owners, about 97% of it owned by non-U.S. persons. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers.
- Gross assets
- $2,670,839,875As reported on Form ADV
- Beneficial owners
- 28
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7)
- Fund type
- Private equity fund
- Domicile
- Cayman Islands
- Auditor
- Ernst & Young LTD.
- Administrator
- Ss&c Fund Services (Cayman) LTD.
- Custodian
- East West Bank; Deutsche Bank Aktiengesellschaft; Silicon Valley Bank; Morgan Stanley Bank Asia Limited
- Adviser
- IDG Capital Mega · Hong Kong, Hong Kong · CRD 306442
- Reported on
- Mar 28, 2024Adviser's Form ADV
From SEC filings, not verified. This information is republished from the adviser's Form ADV (Schedule D, Section 7.B.(1)) in the SEC's public Form ADV data, which currently runs through filings made by Dec 26, 2024. Figures are as of the adviser's filing and may have changed since. It is not an offer, solicitation or recommendation, AltMountain has not reviewed the fund, and gross assets are not performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about IBC Fund
What is the minimum investment for IBC Fund?
Its adviser's Form ADV, filed Mar 28, 2024, does not set a minimum investment for IBC Fund. The offering documents may still require one.
Who can invest in IBC Fund?
IBC Fund is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7).
How large is IBC Fund?
Its adviser reported $2,670,839,875 in gross assets on Form ADV filed Mar 28, 2024. Gross assets include borrowed money and are not the same as net assets or performance.
Who manages IBC Fund?
IBC Fund is advised by IDG Capital Mega, based in Hong Kong, Hong Kong.
Who are IBC Fund's service providers?
Its Form ADV lists Ernst & Young LTD. as auditor and Ss&c Fund Services (Cayman) LTD. as administrator.