HedgeForum Millennium, Ltd.
Raised
$374M
Investors
303
Min Invest
$100,000
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AltStreet Analysis
·Generated from EDGAR primary sources
HedgeForum Millennium, Ltd. is a Cayman Islands-domiciled pooled investment fund that has raised $373.8M from 303 investors under Rule 506(b) and Section 3(c) exemptions, with a $100K minimum investment. This is an amended filing dated 2025-11-25; iCapital Global Alternatives, LLC is listed as promoter alongside directors Martin Steyn and Stephane Lachance.
This offshore fund structure falls within the typical alternative investment category using the standard 506(b)/3(c) exemption pairing common to hedge funds and private funds. The $100K minimum is accessible relative to many institutional alternative vehicles, and the 303-investor count suggests broad participation within the 3(c)(1) limit framework.
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
5 Form D filings from Feb 28, 2020 to Nov 25, 2025, the latest a D/A.
In the Terminal
Filing events
9
latest Nov 25, 2025
Critical / warning
0 / 2
7 watch · 0 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
raising
Latest event Sold increase · Nov 25, 2025
SEC.govInvestor
- The dated record: 41 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
- 9 filing events with values and deltas, latest 2025-11-25, and alerts on the next one
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
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Adviser of Record (Form ADV)
CRD 324457 · lists this fund on Schedule D 7.B.(1) as a other private fund
Auditor named on Form ADV: PricewaterhouseCoopers LTD. · 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 Global Alternatives, LLC
Promoter · New York, NY
Martin Steyn
Director · Grand Cayman, E9
Stephane Lachance
Director · Grand Cayman, E9
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.
Citi Private Alternatives, LLCCRD 153777 on BrokerCheck
Associated broker-dealer: None · New York, NY · Soliciting in all states and outside the United States
Citigroup Global Markets Inc.CRD 7059 on BrokerCheck
Associated broker-dealer: None · New York, NY · Soliciting in all states and outside the United States
Questions About HedgeForum Millennium, Ltd.
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is HedgeForum Millennium, Ltd.?
HedgeForum Millennium, Ltd. is a Cayman Islands entity that filed a Form D with the SEC on November 25, 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 HedgeForum Millennium, Ltd. legit?
AltStreet does not rate legitimacy; it reports the public record. HedgeForum Millennium, Ltd. filed a Form D with the SEC on November 25, 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 $373,808,149 sold to 303 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 HedgeForum Millennium, 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 HedgeForum Millennium, 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 HedgeForum Millennium, Ltd. raised?
HedgeForum Millennium, Ltd. reported $373,808,149 sold from 303 investors in an offering of indefinite size as of the Form D filed November 25, 2025. The filing states that the figure is combined across related vehicles, so it is not this entity's figure alone.
Who can invest in HedgeForum Millennium, 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 HedgeForum Millennium, Ltd.?
The Form D lists $100,000 as the minimum investment accepted from any outside investor as of November 25, 2025. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling HedgeForum Millennium, Ltd. and how are they paid?
The Form D names Citi Private Alternatives, LLC (CRD 153777), associated with None; Citigroup Global Markets Inc. (CRD 7059), associated with None as recipients of sales compensation soliciting in all states. Sales commissions are reported as $4,482,250 and finders' fees as $0. Form D allows these to be estimates.
Who is behind HedgeForum Millennium, Ltd.?
The Form D lists 3 related persons: iCapital Global Alternatives, LLC, promoter (Investment Manager of the Issuer); Martin Steyn, director (Non Executive Director); Stephane Lachance, director (Non Executive Director). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is HedgeForum Millennium, Ltd. located?
The issuer's address on its SEC filings is Maples Corporate Services Limited, Ugland House, 121 South Church Street, Grand Cayman, Cayman Islands KY1-1104. Its phone number of record is (212) 559-1000. It is organized under the laws of Cayman Islands.
How long is the HedgeForum Millennium, 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; 4 amendments are on record for this CIK.
How large is HedgeForum Millennium, 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.