iCapital Millennium Fund, Ltd.
Raised
$311M
Investors
503
Min Invest
None stated
Is this your company or fund? Claim this page free.
AltStreet Analysis
·Generated from EDGAR primary sources
iCapital Millennium Fund, Ltd. is a Cayman Islands-domiciled pooled investment fund managed by iCapital Advisors, LLC. This amended filing reports $311.1M raised from 503 investors under Rule 506(b) and Section 3(c) exemptions. First sale date is not disclosed on the filing.
This offshore fund structure is typical for institutional alternative investment vehicles seeking U.S. capital under 506(b) private placement exemptions. The investor count of 503 suggests relatively broad participation, consistent with funds targeting accredited investors without general solicitation restrictions.
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
15 Form D filings from Feb 1, 2012 to Feb 3, 2026, the latest a D/A.
In the Terminal
Filing events
5
latest Feb 3, 2026
Critical / warning
0 / 2
3 watch · 0 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
raising
Latest event Sold increase · Feb 3, 2026
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: 110 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
- 5 filing events with values and deltas, latest 2026-02-03, 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 177513 · SEC-registered adviser · lists this fund on Schedule D 7.B.(1) as a other private fund
Auditor named on Form ADV: Kpmg 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.
Item 3 changed on the Form D filed 2026-02-03: 0 related persons added and 1 removed against the filing of 2024-08-01; 3 now listed. The names are in the Terminal feed.
-- iCapital Advisors, LLC
Promoter · New York, NY
Max Schwartz
Executive Officer · 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.
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
HIGHTOWER SECURITIES, LLCCRD 116681 on BrokerCheck
Associated broker-dealer: None · CHICAGO, IL · Soliciting in all states
MONEY CONCEPTS CAPITAL CORPCRD 12963 on BrokerCheck
Associated broker-dealer: None · PALM BEACH GARDENS, FL · Soliciting in all states
MORGAN STANLEYCRD 149777 on BrokerCheck
Associated broker-dealer: None · PURCHASE, NY · 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
Questions About iCapital Millennium 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 iCapital Millennium Fund, Ltd.?
iCapital Millennium Fund, Ltd. is a Cayman Islands entity that filed a Form D with the SEC on February 3, 2026 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, Ltd. legit?
AltStreet does not rate legitimacy; it reports the public record. iCapital Millennium Fund, Ltd. filed a Form D with the SEC on February 3, 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 $311,064,623 sold to 503 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, 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 iCapital Millennium 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 iCapital Millennium Fund, Ltd. raised?
iCapital Millennium Fund, Ltd. reported $311,064,623 sold from 503 investors in an offering of indefinite size as of the Form D filed February 3, 2026.
Who can invest in iCapital Millennium 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 filing lists the minimum investment as $0, meaning no minimum was stated.
What is the minimum investment in iCapital Millennium Fund, 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 iCapital Millennium Fund, Ltd. 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; HIGHTOWER SECURITIES, LLC (CRD 116681), associated with None and 5 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, Ltd.?
The Form D lists 3 related persons: iCapital Advisors, LLC, promoter (Investment Manager of the Issuer); Max Schwartz, executive officer (Authorized Signatory of Investment Manager of the Issuer); Christopher Thome, director. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is iCapital Millennium Fund, Ltd. 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 Cayman Islands.
How long is the iCapital Millennium 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 iCapital Millennium Fund, Ltd.?
The issuer declined to disclose its net asset value range on the Form D, which the form permits.
Is this your company or fund?
Free claim: add your contact details, website, team and a description to this page. The filed facts stay as filed.
Platform verification: the separate analyst-reviewed program for platforms, with right of reply and a document library.
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.