HedgePremier/Starboard Value & Opportunity Fund Ltd.
Raised
$130M
Investors
431
Min Invest
$100,000
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AltStreet Analysis
·Generated from EDGAR primary sources
HedgePremier/Starboard Value & Opportunity Fund Ltd. is a Cayman Islands-domiciled pooled investment fund that has raised $130.2M from 431 investors under Rule 506(b) and Section 3(c) exemptions. The fund requires a $100K minimum investment and is managed by iCapital AI Manager LLC, with this filing representing an amended Form D dated June 16, 2023.
This fund operates as a multi-investor pooled vehicle typical of alternative investment structures using the common 506(b)/3(c) exemption pairing. The $100K minimum investment represents a lower-tier threshold in the alternative space, enabling broader accredited investor participation, while the 431-investor base suggests an established institutional or platform-distributed vehicle.
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 16, 2023
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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Platform coverage · Aug 2026
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Capital Raise Timeline
15 Form D filings from Sep 22, 2011 to Jun 16, 2023, the latest a D/A.
In the Terminal
Filing events
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none on file
Critical / warning
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0 watch · 0 info
Statements extracted
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NAV prints
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Offering chains
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Fund family Part of the HedgePremier Starboard Value & Opportunity Fund family: 2 vehicles across 0 generations · 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: 89 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.
n/a iCapital AI Manager LLC
Executive Officer · New York, NY
Michael Korn
Director · New York, NY
Christopher Thome
Director · 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/Starboard Value & Opportunity 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/Starboard Value & Opportunity Fund Ltd.?
HedgePremier/Starboard Value & Opportunity Fund Ltd. is a Cayman Islands entity that filed a Form D with the SEC on June 16, 2023 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/Starboard Value & Opportunity Fund Ltd. legit?
AltStreet does not rate legitimacy; it reports the public record. HedgePremier/Starboard Value & Opportunity Fund Ltd. filed a Form D with the SEC on June 16, 2023 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 $130,183,418 sold to 431 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/Starboard Value & Opportunity 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/Starboard Value & Opportunity 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/Starboard Value & Opportunity Fund Ltd. raised?
HedgePremier/Starboard Value & Opportunity Fund Ltd. reported $130,183,418 sold from 431 investors in an offering of indefinite size as of the Form D filed June 16, 2023.
Who can invest in HedgePremier/Starboard Value & Opportunity 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/Starboard Value & Opportunity Fund Ltd.?
The Form D lists $100,000 as the minimum investment accepted from any outside investor as of June 16, 2023. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling HedgePremier/Starboard Value & Opportunity 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/Starboard Value & Opportunity Fund Ltd.?
The Form D lists 3 related persons: iCapital AI Manager LLC, executive officer (Program Manager); Michael Korn, director; Christopher W. Thome, director. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is HedgePremier/Starboard Value & Opportunity 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/Starboard Value & Opportunity 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; 14 amendments are on record for this CIK.
How large is HedgePremier/Starboard Value & Opportunity 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.