Raised
$10M
Investors
30
Min Invest
$100,000
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AltStreet Analysis
·Generated from EDGAR primary sources
HedgePremier/Double Black Diamond Fund Ltd. is a Cayman Islands-domiciled pooled investment fund that has raised $10.1M from 30 investors under Rule 506(b) and Section 3(c) exemptions, with a $100K minimum investment. This is an amended filing dated June 17, 2019, with iCapital AI GP LLC listed as executive officer alongside directors Thomas Fortin, Lyman Hawbaker III, Michael Korn, and Christopher Thome, plus executive officer Barbra Kocsis.
This offshore fund structure follows a common pattern for alternative investments targeting accredited U.S. investors via 506(b) private placement combined with 3(c) Investment Company Act exemption. The $100K minimum and 30-investor count represent typical retail alternative/hedge fund distribution, though the offshore domicile adds cross-border complexity.
Data Flags
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 June 17, 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.
AltStreet Coverage
Original reporting from AltStreet's daily EDGAR monitoring covering iCapital and its filings.
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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
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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
10 Form D filings from Sep 22, 2011 to Jun 17, 2019, the latest a D/A.
In the Terminal
Filing events
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Statements extracted
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NAV prints
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Offering chains
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Fund family Part of the HedgePremier Double Black Diamond Fund family: 3 vehicles across 1 generation · 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: 52 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
- 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…
Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
Item 3 changed on the Form D filed 2019-06-17: 6 related persons added and 10 removed against the filing of 2018-08-03; 6 now listed. The names are in the Terminal feed.
n/a iCapital AI GP LLC
Executive Officer · New York, NY
Thomas Fortin
Director · New York, NY
Lyman Hawbaker III
Director · New York, NY
Michael Korn
Director · New York, NY
Christopher Thome
Director · New York, NY
Barbra Kocsis
Executive Officer · New York, NY
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.
Morgan Stanley Smith Barney LLCCRD 149777 on BrokerCheck
Associated broker-dealer: None · Purchase, NY · Soliciting in all states
Questions About HedgePremier/Double Black Diamond Fund Ltd.
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is HedgePremier/Double Black Diamond Fund Ltd.?
HedgePremier/Double Black Diamond Fund Ltd. is a Cayman Islands entity that filed a Form D with the SEC on June 17, 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. AltStreet links the issuer to iCapital.
Is HedgePremier/Double Black Diamond Fund Ltd. legit?
AltStreet does not rate legitimacy; it reports the public record. HedgePremier/Double Black Diamond Fund Ltd. filed a Form D with the SEC on June 17, 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 $10,099,286 sold to 30 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 HedgePremier/Double Black Diamond Fund 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 HedgePremier/Double Black Diamond Fund 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 HedgePremier/Double Black Diamond Fund Ltd. raised?
HedgePremier/Double Black Diamond Fund Ltd. reported $10,099,286 sold from 30 investors in an offering of indefinite size as of the Form D filed June 17, 2019.
Who can invest in HedgePremier/Double Black Diamond Fund 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 minimum investment accepted from an outside investor is $100,000.
What is the minimum investment in HedgePremier/Double Black Diamond Fund Ltd.?
The Form D lists $100,000 as the minimum investment accepted from any outside investor as of June 17, 2019. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling HedgePremier/Double Black Diamond Fund Ltd. and how are they paid?
The Form D names Morgan Stanley Smith Barney LLC (CRD 149777), associated with None as the recipient of sales compensation soliciting in all states.
Who is behind HedgePremier/Double Black Diamond Fund Ltd.?
The Form D lists 6 related persons: iCapital AI GP LLC, executive officer (Program Manager); Thomas Fortin, director (President and Director of the Program Manager); Lyman Hawbaker III, director (Director of the Program Manager); Michael Korn, director (Director of Issuer and the Program Manager); Christopher W. Thome, director (Chief Compliance Officer and Director of the Program Manager); Barbra E. Kocsis, executive officer (Chief Financial Officer of the Issuer's Program Manager). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is HedgePremier/Double Black Diamond Fund Ltd. located?
The issuer's address on its SEC filings is Maples Corporate Services Limited, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands KY1-1104. Its phone number of record is 345.949.8066. It is organized under the laws of Cayman Islands.
How long is the HedgePremier/Double Black Diamond Fund 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; 9 amendments are on record for this CIK.
How large is HedgePremier/Double Black Diamond Fund 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.