Portico Direct Ltd.

George Town, Grand Cayman, Cayman Islands · CIK 1604633

Offshore

Status: no Form D since Apr 2014. Funds file a Form D when they begin selling and amend it each year while the offering continues, so this fund has most likely stopped raising money. It may still be investing, or it may have closed or been dissolved. The details below are from its latest filing, kept here as a record.

Portico Direct Ltd. is a hedge fund based in George Town, Grand Cayman, Cayman Islands. According to its most recent Form D, filed Apr 9, 2014, the fund has sold $4,860,000 of interests to 2 investors since its first sale in Jan 2014. The minimum investment it accepts from an outside investor is $2,000,000. 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 Joshua Lobel; John Ackerley; Martin Laidlaw.

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: $4,860,000Cumulative sales reported on Form D
Investors: 2
First sale: Jan 1, 2014
Minimum investment: $2,000,000
Who can invest: Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption: Rule 506(b)No general advertising
Key people and entities: Joshua Lobel; John Ackerley; Martin Laidlaw
Latest Form D: Apr 9, 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 Portico Direct Ltd.

What is the minimum investment for Portico Direct Ltd.?

According to its latest Form D, filed Apr 9, 2014, the minimum investment Portico Direct Ltd. accepts from an outside investor is $2,000,000.

Who can invest in Portico Direct Ltd.?

Portico Direct 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 Portico Direct Ltd. raised?

Portico Direct Ltd. reports $4,860,000 sold from 2 investors on its Form D filed Apr 9, 2014. This is cumulative sales since the offering began, not current assets or performance.

Where is Portico Direct Ltd. based?

Portico Direct Ltd. is based in George Town, Grand Cayman, Cayman Islands.

When did Portico Direct Ltd. launch?

Portico Direct Ltd. reports its first sale in Jan 2014.