SMS Ltd
Built from the SEC filing index the day the filing landed. The figures below are the issuer's own from Form D; AltStreet's analysis, sponsor link and data flags follow when the entity is enriched.
Raised
$676M
Investors
57
Min Invest
None stated
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What this filing shows
·Every sentence is a value as filed on SEC Form D
SMS Ltd is a Cayman Islands entity that first filed a Form D on March 23, 2012 and most recently amended it on October 2, 2019, describing itself as a hedge fund. The offering claims Rule 506(b), Section 3(c), Section 3(c)(7) and covers pooled investment fund interests. SMS Ltd reported $675,697,261 sold from 57 investors in an offering of indefinite size as of the Form D filed October 2, 2019. The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated. The Form D names First Republic Securities Company, LLC (CRD 105108), associated with None; FallLine Securities LLC (CRD 171349), associated with None as recipients of sales compensation soliciting in all states. The issuer's address of record is Intertrust Corporate Svcs (Cayman) Ltd., 190 Elgin Avenue, Georgetown, Grand Cayman, Cayman Islands KY1-9005.
Critical Disclosures
What the filings and the regulators have said about this entity that a reader should know first. Each line links to its source. The history, the same event across other issuers, and alerts are in the terminal.
Reporting lapsed · Form D · last filing October 2, 2019
Offering declared to continue beyond a year; annual amendment 13+ months overdue An issuer that stops filing is the case the going-concern flag cannot catch: the report that would have carried it was never filed.
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings on Record
Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.
In the Terminal
Filing events
0
none on file
Critical / warning
0 / 0
0 watch · 0 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
dark
Fund family Part of the SMS family: 5 vehicles across 4 generations · adviser of record Solus Alternative Asset Management LP · full family and the filing behind each link in the terminal
Investor
- The full fund family and any related vehicles (parallel, feeder, successor, sibling series) with the filing that shows each link
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
Pro
- This issuer against its cohort: rank by velocity and share raised among offerings filed the same quarter
- The same events, statements and NAV moves across every issuer, screenable, with unlimited watches and CSV
Counts and dates above are the free record. The values, the series and the comparisons are the seat. Loading your view…
Adviser of Record (Form ADV)
CRD 144155 · SEC-registered adviser · lists this fund on Schedule D 7.B.(1) as a hedge fund
Auditor named on Form ADV: Deloitte & Touche LLP · PCAOB-registered per the adviser
From the adviser's Form ADV as loaded from the SEC bulk data, joined on this issuer's Form D file number. Fund-level figures and the adviser's full fund roster are in the terminal.
Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
Christopher A. Pucillo
Director · New York, NY
Ruby A. Cato
Director · Curacao, P8
Don A. Seymour
Director · Grand Cayman, E9
A. Solus Alternative Asset Management LP
Promoter · New York, NY
Investment Manager
Placement Agents and Sales Compensation (Form D)
Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.
First Republic Securities Company, LLCCRD 105108 on BrokerCheck
Associated broker-dealer: None · SAN FRANCISCO, CA · Soliciting in all states
FallLine Securities LLCCRD 171349 on BrokerCheck
Associated broker-dealer: None · DARIEN, CT · Soliciting in AR, AZ, CA, CO, CT, FL, GA, IL, IN, LA, MA, NC, NH, NV, OH, OK, SC, TX, VA, WA, WI, WY
Questions About SMS Ltd
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is SMS Ltd?
SMS Ltd is a Cayman Islands entity that filed a Form D with the SEC on October 2, 2019 as a hedge fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(7) for an offering of pooled investment fund interests.
Is SMS Ltd legit?
AltStreet does not rate legitimacy; it reports the public record. SMS Ltd filed a Form D with the SEC on October 2, 2019 claiming Rule 506(b), Section 3(c), Section 3(c)(7). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $675,697,261 sold to 57 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.
Is SMS Ltd registered with or approved by the SEC?
No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that SMS Ltd claimed Rule 506(b), Section 3(c), Section 3(c)(7) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.
How much has SMS Ltd raised?
SMS Ltd reported $675,697,261 sold from 57 investors in an offering of indefinite size as of the Form D filed October 2, 2019.
Who can invest in SMS Ltd?
The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated.
What is the minimum investment in SMS Ltd?
The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.
Who is selling SMS Ltd and how are they paid?
The Form D names First Republic Securities Company, LLC (CRD 105108), associated with None; FallLine Securities LLC (CRD 171349), associated with None as recipients of sales compensation soliciting in all states.
Who is behind SMS Ltd?
The Form D lists 4 related persons: Christopher A. Pucillo, director; Ruby A. Cato, director; Don A. Seymour, director; A. Solus Alternative Asset Management LP, promoter (Investment Manager). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is SMS Ltd located?
The issuer's address on its SEC filings is Intertrust Corporate Svcs (Cayman) Ltd., 190 Elgin Avenue, Georgetown, Grand Cayman, Cayman Islands KY1-9005. Its phone number of record is (345) 943-3100. It is organized under the laws of Cayman Islands.
How long is the SMS Ltd offering open?
The issuer indicated that the offering is intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 11 amendments are on record for this CIK.
How large is SMS Ltd?
The issuer declined to disclose its net asset value range on the Form D, which the form permits.
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Data Methodology
Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.