Permal U.S. Opportunities Ltd. is a hedge fund based in Tortola, Virgin Islands, British. According to its most recent Form D, filed Mar 14, 2016, the fund has sold $459,385,019 of interests to 38 investors since its first sale in Sep 1987. 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 Gary Gladstein; William Waters; Edmond Jousselin.
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
- $459,385,019Cumulative sales reported on Form D
- Investors
- 38
- First sale
- Sep 18, 1987
- 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
- Gary Gladstein; William Waters; Edmond Jousselin
- Latest Form D
- Mar 14, 2016
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 U.S. Opportunities Ltd.
What is the minimum investment for Permal U.S. Opportunities Ltd.?
According to its latest Form D, filed Mar 14, 2016, the minimum investment Permal U.S. Opportunities Ltd. accepts from an outside investor is $100,000.
Who can invest in Permal U.S. Opportunities Ltd.?
Permal U.S. Opportunities 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 U.S. Opportunities Ltd. raised?
Permal U.S. Opportunities Ltd. reports $459,385,019 sold from 38 investors on its Form D filed Mar 14, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is Permal U.S. Opportunities Ltd. based?
Permal U.S. Opportunities Ltd. is based in Tortola, Virgin Islands, British.
When did Permal U.S. Opportunities Ltd. launch?
Permal U.S. Opportunities Ltd. reports its first sale in Sep 1987.
Size compared with every hedge fund
Raised more than 78% of the 68 hedge funds based in Virgin Islands, British, and more than 81% of all 10,139 that report sales.