AltMountain

Sola Ltd

Camana Bay, Grand Cayman, Cayman Islands · CIK 1465910
506(c)Offshore
Status: no Form D since Jan 2017. 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.

Sola Ltd is a hedge fund based in Camana Bay, Grand Cayman, Cayman Islands. According to its most recent Form D, filed Jan 27, 2017, the fund has sold $273,000,000 of interests to 1 investor since its first sale in Feb 2014. The minimum investment it accepts from an outside investor is $50,000. 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 Christopher Pucillo; Solus Alternative Asset Management LP; 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
$273,000,000Cumulative sales reported on Form D
Investors
1
First sale
Feb 1, 2014
Minimum investment
$50,000
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
Christopher Pucillo; Solus Alternative Asset Management LP; Don Seymour
Latest Form D
Jan 27, 2017

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 Sola Ltd

What is the minimum investment for Sola Ltd?

According to its latest Form D, filed Jan 27, 2017, the minimum investment Sola Ltd accepts from an outside investor is $50,000.

Who can invest in Sola Ltd?

Sola 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 Sola Ltd raised?

Sola Ltd reports $273,000,000 sold from 1 investor on its Form D filed Jan 27, 2017. This is cumulative sales since the offering began, not current assets or performance.

Where is Sola Ltd based?

Sola Ltd is based in Camana Bay, Grand Cayman, Cayman Islands.

When did Sola Ltd launch?

Sola Ltd reports its first sale in Feb 2014.

Size compared with every hedge fund

Raised more than 65% of the 2,344 hedge funds based in Cayman Islands, and more than 74% of all 10,129 that report sales.

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