Ibex Microcap Fund LLLP is a hedge fund based in Denver, Colorado. According to its most recent Form D, filed Aug 12, 2026, the fund has sold $518,919 of interests to 4 investors since its first sale in Dec 2017. The minimum investment it accepts from an outside investor is $1,000,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Justin Borus; Ibex Investors LLC.
Performance
No verified returns have been reported for this fund. As a rough guide, Ibex Investors LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +0.5% 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 -12.0% (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
- $518,919Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Dec 1, 2017
- Minimum investment
- $1,000,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Justin Borus; Ibex Investors LLC
- Latest Form D
- Aug 12, 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 Ibex Microcap Fund LLLP
What is the minimum investment for Ibex Microcap Fund LLLP?
According to its latest Form D, filed Aug 12, 2026, the minimum investment Ibex Microcap Fund LLLP accepts from an outside investor is $1,000,000.
Who can invest in Ibex Microcap Fund LLLP?
Ibex Microcap Fund LLLP 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(c), so it may advertise, but every investor must be verified as accredited.
How much has Ibex Microcap Fund LLLP raised?
Ibex Microcap Fund LLLP reports $518,919 sold from 4 investors on its Form D filed Aug 12, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Ibex Microcap Fund LLLP based?
Ibex Microcap Fund LLLP is based in Denver, Colorado and is managed by Ibex Investors LLC.
When did Ibex Microcap Fund LLLP launch?
Ibex Microcap Fund LLLP reports its first sale in Dec 2017.
Size compared with every hedge fund
Raised more than 14% of the 114 hedge funds based in Colorado, and more than 4% of all 10,308 that report sales.