iCapital Multi-Strategy Fund, L.P.
Raised
$545M
Investors
1,397
Min Invest
$20,000
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AltStreet Analysis
·Generated from EDGAR primary sources
iCapital Multi-Strategy Fund, L.P. (CIK 0001455085) is an alternative investment vehicle that filed an amended Form D on 2026-06-02. The filing does not disclose total amount sold, investor count, minimum investment, or first sale date. The filing claims multiple exemptions: 506(b), 506(c), Rule 504, and 4(a)(5).
This alternative investment fund claims an unusual combination of four exemptions simultaneously (506(b), 506(c), Rule 504, and 4(a)(5)), which is atypical—most filings rely on a single Regulation D exemption. The lack of disclosed capital raise or investor metrics on this amendment prevents comparison to typical alternative investment fund structures.
Data Flags
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.
AltStreet Coverage
Original reporting from AltStreet's daily EDGAR monitoring covering iCapital and its filings.
Two iCapital HedgePremier/Millennium Feeders' Combined Reported Amount Sold More Than Doubled, From $712 Million to $1.44 Billion
The two vehicles' combined reported amount sold more than doubled, from $712 million to $1.44 billion, between their Form D amendments of November 6, 2025 and November 4, 2026. HedgePremier/Millennium USA III LP reported $845.7 million sold to 2,452 investors and HedgePremier/Millennium International II Ltd. $595.9 million to 1,680. The combined figures are AltStreet's addition across two notices; investor counts are per notice.
Platform coverage · Nov 2026
Blue Owl Net Lease Trust Form D/A: Investors and Dollars Sold Both Rise 46% in a Year to $9.2 Billion
A Form D/A filed August 27 puts Blue Owl Real Estate Net Lease Trust at 44,524 investors and $9.2 billion sold since inception, both up about 46% from the amendment filed a year earlier, as its September closing added $178.6 million and the $2.45 billion Sila Realty Trust take-private closed on credit-facility borrowings.
Platform coverage · Sep 2026
What Is a Form D Amendment? KKR Infrastructure V's D/A Tops $17 Billion
A Form D amendment updates an existing exempt-offering notice rather than announcing a new raise, and a 2026 filing from a KKR infrastructure fund shows exactly how that distinction plays out in the numbers.
Platform coverage · Sep 2026
iCapital-PEG Evergreen PE Offshore Fund Reports $414M Raised, Up 113% in One Year
A Form D/A filed July 20, 2026 shows total offering proceeds for the iCapital-managed Cayman segregated portfolio company more than doubled versus the prior annual amendment, with investor headcount rising 37% to 224.
Platform coverage · Aug 2026
From 49 to 92 Investors in a Year: A 1972-Vintage Quant Shop Is Quietly Winning the Wealth Channel
The annual Form D amendment iCapital filed August 19 for its Campbell Absolute Return feeder is the kind of document nobody reads — except this one measured something: an 88% jump in investors and $12 million of new capital in twelve months, the largest single-year move AltStreet has recorded for the entity, and a direct reading on how wealth advisers are buying systematic absolute return.
Platform coverage · Aug 2026
Capital Raise Timeline
18 Form D filings from Jan 20, 2010 to Jun 2, 2026, the latest a D/A.
In the Terminal
Filing events
9
latest Jun 2, 2026
Critical / warning
0 / 0
7 watch · 2 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
raising
Latest event Sold increase · Jun 2, 2026
SEC.govFund family Part of the iCapital Multi Strategy Fund family: 2 vehicles across 0 generations · adviser of record Icapital Advisors, LLC · 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
- The dated record: 119 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
- 9 filing events with values and deltas, latest 2026-06-02, and alerts on the next one
- 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 128219 · lists this fund on Schedule D 7.B.(1) as a hedge fund
Auditor named on Form ADV: Ernst & Young LLP · PCAOB-registered per the adviser
From the adviser's Form ADV as loaded from the SEC bulk data through December 31, 2024, 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.
iCapital HF GP, LLC
Promoter · NEW YORK, NY
General Partner of the Issuer
Michael Stanton
Executive Officer · NEW YORK, NY
Authorized Signatory of the General Partner of the Issuer
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.
ACP Securities, LLCCRD 139049 on BrokerCheck
Associated broker-dealer: None · MIAMI, FL · Soliciting in CA, CT, DC, DE, FL, MA, NC, NJ, NY, PR, SD, TX, VA
AMERICAN FUNDSTARSCRD 315860 on BrokerCheck
Associated broker-dealer: None · IRVINE, CA · Soliciting in all states
ARETE WEALTH MANAGEMENT, LLCCRD 44856 on BrokerCheck
Associated broker-dealer: None · CHICAGO, IL · Soliciting in all states
Cetera Advisor Networks, LLCCRD 13572 on BrokerCheck
Associated broker-dealer: None · EL SEGUNDO, CA · Soliciting in all states
CETERA FINANCIAL SPECIALISTS LLCCRD 10358 on BrokerCheck
Associated broker-dealer: None · SCHAUMBURG, IL · Soliciting in all states
COMMONWEALTH FINANCIAL NETWORKCRD 08032 on BrokerCheck
Associated broker-dealer: None · WALTHAM, MA · Soliciting in all states
EMPIRE ASSET MANAGEMENT COMPANYCRD 143007 on BrokerCheck
Associated broker-dealer: None · HOLMDEL, NJ · Soliciting in all states
JANNEY MONTGOMERY SCOTT LLCCRD 463 on BrokerCheck
Associated broker-dealer: None · PHILADELPHIA, PA · Soliciting in all states
MONEY CONCEPTS CAPITAL CORPCRD 12963 on BrokerCheck
Associated broker-dealer: None · PALM BEACH GARDENS, FL · Soliciting in all states
PRIVATE CLIENT SERVICES, LLCCRD 120222 on BrokerCheck
Associated broker-dealer: None · LOUISVILLE, KY · Soliciting in all states
RBC CAPITAL MARKETS, LLCCRD 31194 on BrokerCheck
Associated broker-dealer: None · NEW YORK, NY · Soliciting in all states
STIFEL, NICOLAUS & COMPANY, INCORPORATEDCRD 793 on BrokerCheck
Associated broker-dealer: None · ST. LOUIS,, MO · Soliciting in all states
SYNOVUS SECURITIES, INC.CRD 14023 on BrokerCheck
Associated broker-dealer: None · COLUMBUS, GA · Soliciting in all states
WILLIAM BLAIRCRD 1252 on BrokerCheck
Associated broker-dealer: None · CHICAGO, IL · Soliciting in all states
Questions About iCapital Multi-Strategy Fund, L.P.
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is iCapital Multi-Strategy Fund, L.P.?
iCapital Multi-Strategy Fund, L.P. is a Delaware limited partnership that filed a Form D with the SEC on June 2, 2026 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. AltStreet links the issuer to iCapital.
Is iCapital Multi-Strategy Fund, L.P. legit?
AltStreet does not rate legitimacy; it reports the public record. iCapital Multi-Strategy Fund, L.P. filed a Form D with the SEC on June 2, 2026 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 $545,061,156 sold to 1,397 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to iCapital, which AltStreet has reviewed. 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 iCapital Multi-Strategy Fund, L.P. 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 iCapital Multi-Strategy Fund, L.P. 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 iCapital Multi-Strategy Fund, L.P. raised?
iCapital Multi-Strategy Fund, L.P. reported $545,061,156 sold from 1,397 investors in an offering of indefinite size as of the Form D filed June 2, 2026.
Who can invest in iCapital Multi-Strategy Fund, L.P.?
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 minimum investment accepted from an outside investor is $20,000.
What is the minimum investment in iCapital Multi-Strategy Fund, L.P.?
The Form D lists $20,000 as the minimum investment accepted from any outside investor as of June 2, 2026. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling iCapital Multi-Strategy Fund, L.P. and how are they paid?
The Form D names ACP Securities, LLC (CRD 139049), associated with None; AMERICAN FUNDSTARS (CRD 315860), associated with None; ARETE WEALTH MANAGEMENT, LLC (CRD 44856), associated with None; Cetera Advisor Networks, LLC (CRD 13572), associated with None and 10 others as recipients of sales compensation soliciting in CA, CT, DC, DE, FL, MA, NC, NJ, NY, PR, SD, TX, VA. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.
Who is behind iCapital Multi-Strategy Fund, L.P.?
The Form D lists 2 related persons: iCapital HF GP, LLC, promoter (General Partner of the Issuer); Michael Stanton, executive officer (Authorized Signatory of the General Partner of the Issuer). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is iCapital Multi-Strategy Fund, L.P. located?
The issuer's address on its SEC filings is 60 East 42nd St, 26th Floor, New York, NY 10165. Its phone number of record is 212-994-7400. It is organized under the laws of Delaware.
How long is the iCapital Multi-Strategy Fund, L.P. 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; 18 amendments are on record for this CIK.
How large is iCapital Multi-Strategy Fund, L.P.?
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.