ValueWorks Offshore Fund Ltd
ValueWorks Offshore Fund Ltd is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Mar 13, 2026, the fund has sold $11,484,421 of interests to 10 investors since its first sale in Sep 2023. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include ValueWorks LLC; Charles Lemonides; Mario Delpozzo.
Performance
No verified returns have been reported for this fund. As a rough guide, Valueworks, LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +32.4% 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 +50.3% (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.
Is this your fund? Report your monthly returns · How performance works
- Total raised
- $11,484,421Cumulative sales reported on Form D
- Investors
- 10
- First sale
- Sep 1, 2023
- Minimum investment
- $100,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- ValueWorks LLC; Charles Lemonides; Mario Delpozzo
- Latest Form D
- Mar 13, 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 ValueWorks Offshore Fund Ltd
What is the minimum investment for ValueWorks Offshore Fund Ltd?
According to its latest Form D, filed Mar 13, 2026, the minimum investment ValueWorks Offshore Fund Ltd accepts from an outside investor is $100,000.
Who can invest in ValueWorks Offshore Fund Ltd?
ValueWorks Offshore Fund Ltd is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has ValueWorks Offshore Fund Ltd raised?
ValueWorks Offshore Fund Ltd reports $11,484,421 sold from 10 investors on its Form D filed Mar 13, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is ValueWorks Offshore Fund Ltd based?
ValueWorks Offshore Fund Ltd is based in Grand Cayman, Cayman Islands and is managed by Valueworks, LLC.
When did ValueWorks Offshore Fund Ltd launch?
ValueWorks Offshore Fund Ltd reports its first sale in Sep 2023, 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 24% of the 2,363 hedge funds based in Cayman Islands, and more than 23% of all 10,308 that report sales.