Value Active Fund, Ltd.
Value Active Fund, Ltd. is a hedge fund based in George Town, Grand Cayman, Cayman Islands. According to its most recent Form D, filed Jul 9, 2026, the fund has sold $40,534,145 of interests to 4 investors since its first sale in Mar 2022. The minimum investment it accepts from an outside investor is $1,000,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Varenne Capital Partners; William Shaw; Amanda Small.
Performance
No verified returns have been reported for this fund. As a rough guide, Varenne Capital Partners, which manages it, disclosed U.S. stock holdings that returned an estimated +18.5% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +53.5% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $40,534,145Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Mar 1, 2022
- Minimum investment
- $1,000,000
- 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
- Varenne Capital Partners; William Shaw; Amanda Small
- Latest Form D
- Jul 9, 2026
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 Value Active Fund, Ltd.
What is the minimum investment for Value Active Fund, Ltd.?
According to its latest Form D, filed Jul 9, 2026, the minimum investment Value Active Fund, Ltd. accepts from an outside investor is $1,000,000.
Who can invest in Value Active Fund, Ltd.?
Value Active 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 Value Active Fund, Ltd. raised?
Value Active Fund, Ltd. reports $40,534,145 sold from 4 investors on its Form D filed Jul 9, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Value Active Fund, Ltd. based?
Value Active Fund, Ltd. is based in George Town, Grand Cayman, Cayman Islands and is managed by Varenne Capital Partners.
When did Value Active Fund, Ltd. launch?
Value Active Fund, Ltd. reports its first sale in Mar 2022, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 36% of the 2,363 hedge funds based in Cayman Islands, and more than 42% of all 10,308 that report sales.
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