SMS Ltd is a hedge fund based in Georgetown, Grand Cayman, Cayman Islands. According to its most recent Form D, filed Oct 2, 2019, the fund has sold $675,697,261 of interests to 57 investors since its first sale in Dec 2007. The filing does not set a minimum investment. 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 Solus Alternative Asset Management LP; Christopher Pucillo; Don Seymour.
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
- $675,697,261Cumulative sales reported on Form D
- Investors
- 57
- First sale
- Dec 18, 2007
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Solus Alternative Asset Management LP; Christopher Pucillo; Don Seymour
- Latest Form D
- Oct 2, 2019
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 SMS Ltd
What is the minimum investment for SMS Ltd?
SMS Ltd's latest Form D, filed Oct 2, 2019, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in SMS Ltd?
SMS 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 SMS Ltd raised?
SMS Ltd reports $675,697,261 sold from 57 investors on its Form D filed Oct 2, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is SMS Ltd based?
SMS Ltd is based in Georgetown, Grand Cayman, Cayman Islands.
When did SMS Ltd launch?
SMS Ltd reports its first sale in Dec 2007.
Size compared with every hedge fund
Raised more than 80% of the 2,342 hedge funds based in Cayman Islands, and more than 85% of all 10,102 that report sales.