Platinum Fund Ltd is a hedge fund based in Pembroke, Bermuda. According to its most recent Form D, filed Nov 29, 2023, the fund has sold $778,146,407 of interests to 656 investors since its first sale in May 1994. The minimum investment it accepts from an outside investor is $250,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Optima Managers LLC; Thomas Davis; Neil Glass.
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
- $778,146,407Cumulative sales reported on Form D
- Investors
- 656
- First sale
- May 31, 1994
- Minimum investment
- $250,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Optima Managers LLC; Thomas Davis; Neil Glass
- Latest Form D
- Nov 29, 2023
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 Platinum Fund Ltd
What is the minimum investment for Platinum Fund Ltd?
According to its latest Form D, filed Nov 29, 2023, the minimum investment Platinum Fund Ltd accepts from an outside investor is $250,000.
Who can invest in Platinum Fund Ltd?
Platinum 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(c), so it may advertise, but every investor must be verified as accredited.
How much has Platinum Fund Ltd raised?
Platinum Fund Ltd reports $778,146,407 sold from 656 investors on its Form D filed Nov 29, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Platinum Fund Ltd based?
Platinum Fund Ltd is based in Pembroke, Bermuda.
When did Platinum Fund Ltd launch?
Platinum Fund Ltd reports its first sale in May 1994.
Size compared with every hedge fund
Raised more than 83% of the 100 hedge funds based in Bermuda, and more than 87% of all 10,129 that report sales.