Raised
$159M
Investors
415
Min Invest
$100,000
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AltStreet Analysis
·Generated from EDGAR primary sources
HedgePremier/Composition Series LLC is a Delaware pooled investment fund that filed an amended Form D on July 23, 2019, reporting $158.7M in capital raised from 415 investors under Rule 506(b) and Section 3(c) exemptions. The minimum investment is $100K. The filing lists iCapital AI GP LLC as an executive officer alongside multiple individual officers and directors including Thomas Fortin, Christopher Thome, and Barbra Kocsis.
This alternative investment fund utilizes the standard 506(b) private placement exemption combined with a 3(c) exemption, typical for pooled investment vehicles targeting accredited investors. The $100K minimum investment is at the lower end of institutional alternative offerings, while the 415-investor count suggests a relatively broad accredited investor base compared to higher-minimum institutional vehicles.
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 July 23, 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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Capital Raise Timeline
12 Form D filings from Feb 3, 2012 to Jul 23, 2019, the latest a D/A.
In the Terminal
Filing events
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Statements extracted
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none on file
NAV prints
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Offering chains
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Investor
- The dated record: 85 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
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Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
n/a iCapital AI GP LLC
Executive Officer · New York, NY
Thomas Fortin
Executive Officer, Director · New York, NY
Lyman Hawbaker III
Director · New York, NY
Michael Korn
Director · New York, NY
Christopher Thome
Executive Officer, 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 StanleyCRD 149777 on BrokerCheck
Associated broker-dealer: None · Purchase, NY · Soliciting in all states
Questions About HedgePremier/Composition Series LLC
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is HedgePremier/Composition Series LLC?
HedgePremier/Composition Series LLC is a Delaware limited liability company that filed a Form D with the SEC on July 23, 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/Composition Series LLC legit?
AltStreet does not rate legitimacy; it reports the public record. HedgePremier/Composition Series LLC filed a Form D with the SEC on July 23, 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 $158,677,740 sold to 415 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/Composition Series LLC 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/Composition Series LLC 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/Composition Series LLC raised?
HedgePremier/Composition Series LLC reported $158,677,740 sold from 415 investors in an offering of indefinite size as of the Form D filed July 23, 2019.
Who can invest in HedgePremier/Composition Series LLC?
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/Composition Series LLC?
The Form D lists $100,000 as the minimum investment accepted from any outside investor as of July 23, 2019. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling HedgePremier/Composition Series LLC and how are they paid?
The Form D names Morgan Stanley (CRD 149777), associated with None as the recipient of sales compensation soliciting in all states.
Who is behind HedgePremier/Composition Series LLC?
The Form D lists 6 related persons: iCapital AI GP LLC, executive officer (Managing Member); Thomas Fortin, executive officer, director (Director and President of the Issuer's Managing Member); Lyman Hawbaker III, director (Director of the Issuer's Managing Member); Michael Korn, director (Director of the Issuer's Managing Member); Christopher Thome, executive officer, director (Director and Chief Compliance Officer of the Issuer's Managing Member); Barbra E. Kocsis, executive officer (Chief Financial Officer of the Issuer's Managing Member). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is HedgePremier/Composition Series LLC located?
The issuer's address on its SEC filings is Morgan Stanley Ai Gp LLC, 522 Fifth Avenue, 13th Floor, New York, NY 10036. Its phone number of record is 212-296-1999. It is organized under the laws of Delaware.
How long is the HedgePremier/Composition Series LLC 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; 11 amendments are on record for this CIK.
How large is HedgePremier/Composition Series LLC?
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.