Ionic Mortgage Fund Ltd. is a hedge fund based in Camana Bay, Grand Cayman, Cayman Islands. According to its most recent Form D, filed Feb 12, 2020, the fund has sold $25,000,000 of interests to 1 investor since its first sale in Feb 2018. The minimum investment it accepts from an outside investor is $100,000. 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 Ionic Capital Management LLC; Bart Baum; David Sargison.
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
- $25,000,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Feb 1, 2018
- Minimum investment
- $100,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Ionic Capital Management LLC; Bart Baum; David Sargison
- Latest Form D
- Feb 12, 2020
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 Ionic Mortgage Fund Ltd.
What is the minimum investment for Ionic Mortgage Fund Ltd.?
According to its latest Form D, filed Feb 12, 2020, the minimum investment Ionic Mortgage Fund Ltd. accepts from an outside investor is $100,000.
Who can invest in Ionic Mortgage Fund Ltd.?
Ionic Mortgage 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 Ionic Mortgage Fund Ltd. raised?
Ionic Mortgage Fund Ltd. reports $25,000,000 sold from 1 investor on its Form D filed Feb 12, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is Ionic Mortgage Fund Ltd. based?
Ionic Mortgage Fund Ltd. is based in Camana Bay, Grand Cayman, Cayman Islands.
When did Ionic Mortgage Fund Ltd. launch?
Ionic Mortgage Fund Ltd. reports its first sale in Feb 2018.
Size compared with every hedge fund
Raised more than 30% of the 2,343 hedge funds based in Cayman Islands, and more than 33% of all 10,129 that report sales.
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