AG Mortgage Value Participation Fund Ltd.
Raised
$262M
Investors
621
Min Invest
$100,000
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AltStreet Analysis
·Generated from EDGAR primary sources
AG Mortgage Value Participation Fund Ltd. is a Cayman Islands-domiciled pooled investment fund that has raised $262.2 million from 621 investors under Rule 506(b) and Section 3(c) exemptions, with a $100,000 minimum investment. This amended filing, dated May 18, 2026, lists Asterion Fund Services, MaplesFS Directors Limited, and iCapital Alternative Investments LLC among related persons, along with directors Martin Steyn and Christopher Ebanks.
This alternative investment vehicle uses the common 506(b)/3(c) exemption structure typical of private funds seeking retail-accessible minimums. The $100,000 entry point positions it in the mass-affluent tier, while the 621-investor count and $262.2 million raise suggest an average commitment of approximately $422,000, consistent with diversified pooled mortgage-related strategies.
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 Mar 7, 2013 to May 18, 2026, the latest a D/A.
In the Terminal
Filing events
5
latest May 18, 2026
Critical / warning
0 / 0
3 watch · 2 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
raising
Latest event Sold increase · May 18, 2026
SEC.govFund family Part of the Mortgage Value Participation 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: 114 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 2026-05-18, 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…
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 2026-05-18: 2 related persons added and 2 removed against the filing of 2025-05-16; 6 now listed. The names are in the Terminal feed.
n/a Asterion Fund Services (Offshore) Ltd.
Executive Officer · Grand Cayman, E9
n/a MaplesFS Directors Limited ("MFSD Limited")
Executive Officer · Grand Cayman, E9
n/a iCapital Alternative Investments LLC ("iCapital")
Executive Officer · New York, NY
Martin Steyn
Director · Grand Cayman, E9
Christopher Ebanks
Director · Grand Cayman, E9
Andrea Capeci
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.
Merrill Lynch, Pierce, Fenner & Smith IncorporatedCRD 7691 on BrokerCheck
Associated broker-dealer: None · New York, NY · Soliciting in all states
Questions About AG Mortgage Value Participation 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 AG Mortgage Value Participation Fund Ltd.?
AG Mortgage Value Participation Fund Ltd. is a Cayman Islands entity that filed a Form D with the SEC on May 18, 2026 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 AG Mortgage Value Participation Fund Ltd. legit?
AltStreet does not rate legitimacy; it reports the public record. AG Mortgage Value Participation Fund Ltd. filed a Form D with the SEC on May 18, 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 $262,221,865 sold to 621 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 AG Mortgage Value Participation 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 AG Mortgage Value Participation 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 AG Mortgage Value Participation Fund Ltd. raised?
AG Mortgage Value Participation Fund Ltd. reported $262,221,865 sold from 621 investors in an offering of indefinite size as of the Form D filed May 18, 2026.
Who can invest in AG Mortgage Value Participation 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 AG Mortgage Value Participation Fund Ltd.?
The Form D lists $100,000 as the minimum investment accepted from any outside investor as of May 18, 2026. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling AG Mortgage Value Participation Fund Ltd. and how are they paid?
The Form D names Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD 7691), associated with None as the recipient of sales compensation soliciting in all states. Sales commissions are reported as $6,555,621 and finders' fees as $0. Form D allows these to be estimates.
Who is behind AG Mortgage Value Participation Fund Ltd.?
The Form D lists 6 related persons: Asterion Fund Services (Offshore) Ltd., executive officer (Sponsor of the Issuer); "MaplesFS Directors Limited (""MFSD Limited"")", executive officer (Sole Director of the Sponsor of the Issuer); "iCapital Alternative Investments LLC (""iCapital"")", executive officer (Administrator of the Issuer); Martin Steyn, director; Christopher Ebanks, director; Andrea Capeci, executive officer. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is AG Mortgage Value Participation Fund Ltd. located?
The issuer's address on its SEC filings is 60 East 42nd Street, 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 AG Mortgage Value Participation 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 AG Mortgage Value Participation 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.