Permal Apex Select Ltd is a hedge fund based in Tortola, Virgin Islands, British. According to its most recent Form D, filed Mar 13, 2014, the fund has sold $6,199,999 of interests to 1 investor since its first sale in Feb 2007. 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 Deborah Watson; Saintco Limited.
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
- $6,199,999Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Feb 23, 2007
- Minimum investment
- $100,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Net asset value range
- $50,000,001 - $100,000,000Self-reported
- Key people and entities
- Deborah Watson; Saintco Limited
- Latest Form D
- Mar 13, 2014
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 Permal Apex Select Ltd
What is the minimum investment for Permal Apex Select Ltd?
According to its latest Form D, filed Mar 13, 2014, the minimum investment Permal Apex Select Ltd accepts from an outside investor is $100,000.
Who can invest in Permal Apex Select Ltd?
Permal Apex Select 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 Permal Apex Select Ltd raised?
Permal Apex Select Ltd reports $6,199,999 sold from 1 investor on its Form D filed Mar 13, 2014. This is cumulative sales since the offering began, not current assets or performance.
Where is Permal Apex Select Ltd based?
Permal Apex Select Ltd is based in Tortola, Virgin Islands, British.
When did Permal Apex Select Ltd launch?
Permal Apex Select Ltd reports its first sale in Feb 2007.
Size compared with every hedge fund
Raised more than 34% of the 68 hedge funds based in Virgin Islands, British, and more than 16% of all 10,102 that report sales.