iCapital Millennium Fund LP
Raised
$1.3B
Investors
2,060
Min Invest
None stated
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AltStreet Analysis
·Generated from EDGAR primary sources
iCapital Millennium Fund LP is a Delaware limited partnership filed by iCapital HF GP, LLC, operating under Rule 506(b) and Section 3(c) exemptions. This amended filing reports $1.287 billion raised from 2,060 investors in a pooled investment fund offering equity securities. Minimum investment amount was not disclosed on the filing.
This pooled investment fund employs the standard institutional 506(b) private placement exemption combined with Section 3(c), typical for hedge funds and alternative investment vehicles. With over 2,000 investors and $1.287 billion in capital, the average commitment is approximately $625K, positioning this in the mass-affluent to high-net-worth segment rather than ultra-high-net-worth institutional tiers.
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.
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Capital Raise Timeline
15 Form D filings from Dec 1, 2011 to Sep 15, 2025, the latest a D/A.
In the Terminal
Filing events
6
latest Sep 15, 2025
Critical / warning
0 / 1
4 watch · 1 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
raising
Latest event Sold increase · Sep 15, 2025
SEC.govFund family Part of the iCapital Millennium Fund family: 4 vehicles across 1 generation · 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: 101 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
- 6 filing events with values and deltas, latest 2025-09-15, 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
Max Schwartz
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.
CAMBRIDGE INVESTMENT RESEARCH, INC.CRD 39543 on BrokerCheck
Associated broker-dealer: None · FAIRFIELD, IA · Soliciting in all states
COMMONWEALTH FINANCIAL NETWORKCRD 8032 on BrokerCheck
Associated broker-dealer: None · WALTHAM, MA · Soliciting in all states
EMPIRE ASSET MANAGEMENT COMPANYCRD 143007 on BrokerCheck
Associated broker-dealer: None · NEW YORK, NY · Soliciting in all states
GOLDMAN SACHS & CO. LLCCRD 361 on BrokerCheck
Associated broker-dealer: None · NEW YORK, NY · Soliciting in all states
JANNEY MONTGOMERY SCOTT LLCCRD 463 on BrokerCheck
Associated broker-dealer: None · PHILADELPHIA, PA · Soliciting in all states
JEFFERIES LLCCRD 2347 on BrokerCheck
Associated broker-dealer: None · NEW YORK, NY · Soliciting in all states
MONEY CONCEPTS CAPITAL CORPCRD 12963 on BrokerCheck
Associated broker-dealer: None · PALM BEACH GARDENS, FL · Soliciting in all states
STIFEL, NICOLAUS & COMPANY, INCORPORATEDCRD 793 on BrokerCheck
Associated broker-dealer: None · ST. LOUIS, MO · Soliciting in all states
Questions About iCapital Millennium Fund LP
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is iCapital Millennium Fund LP?
iCapital Millennium Fund LP is a Delaware limited partnership that filed a Form D with the SEC on September 15, 2025 as a hedge fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(7) for an offering of equity and pooled investment fund interests. AltStreet links the issuer to iCapital.
Is iCapital Millennium Fund LP legit?
AltStreet does not rate legitimacy; it reports the public record. iCapital Millennium Fund LP filed a Form D with the SEC on September 15, 2025 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 $1,286,981,530 sold to 2,060 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 Millennium Fund LP 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 Millennium Fund LP 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 Millennium Fund LP raised?
iCapital Millennium Fund LP reported $1,286,981,530 sold from 2,060 investors in an offering of indefinite size as of the Form D filed September 15, 2025.
Who can invest in iCapital Millennium Fund LP?
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 iCapital Millennium Fund LP?
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 iCapital Millennium Fund LP and how are they paid?
The Form D names CAMBRIDGE INVESTMENT RESEARCH, INC. (CRD 39543), associated with None; COMMONWEALTH FINANCIAL NETWORK (CRD 8032), associated with None; EMPIRE ASSET MANAGEMENT COMPANY (CRD 143007), associated with None; GOLDMAN SACHS & CO. LLC (CRD 361), associated with None and 4 others as recipients of sales compensation soliciting in all states. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.
Who is behind iCapital Millennium Fund LP?
The Form D lists 2 related persons: iCapital HF GP, LLC, promoter (General Partner of the Issuer); Max Schwartz, 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 Millennium Fund LP 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 Millennium Fund LP 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 iCapital Millennium Fund LP?
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.