World Carbon Fund, a sub fund of Ardan QIAIF ICAV
Raised
$149M
Investors
20
Min Invest
None stated
AltStreet Analysis
·Generated from EDGAR primary sources
World Carbon Fund, a sub-fund of Ardan QIAIF ICAV, is an Ireland-domiciled pooled investment vehicle managed by Thornbridge Investment Management LLP and Carbon Cap Management LLP. This amended filing reports $149.0M sold to 20 investors under Rule 506(b) and Section 3(c) exemptions. The fund focuses on carbon and climate investments.
This carbon/climate fund employs a Regulation D 506(b) + Section 3(c) exemption structure typical of institutional alternative investment vehicles targeting accredited and qualified purchasers. The $7.45M average commitment per investor suggests an institutional or high-net-worth investor base, consistent with specialized carbon credit and climate-focused 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.
Capital Raise Timeline
5 Form D filings from Nov 19, 2021 to Nov 10, 2025, the latest a D/A.
In the Terminal
Filing events
6
latest Nov 10, 2025
Critical / warning
0 / 0
5 watch · 1 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
raising
Latest event Sold increase · Nov 10, 2025
SEC.govInvestor
- 6 filing events with values and deltas, latest 2025-11-10, and alerts on the next one
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
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Regulatory Activity
Filing events on this entity detected by AltStreet's EDGAR monitoring.
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Get the signal feedRelated Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
- Thornbridge Investment Management LLP
Executive Officer · London, X0
- Carbon Cap Management LLP
Executive Officer · London, X0
Questions About World Carbon Fund, a sub fund of Ardan QIAIF ICAV
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is World Carbon Fund, a sub fund of Ardan QIAIF ICAV?
World Carbon Fund, a sub fund of Ardan QIAIF ICAV is a Ireland entity that filed a Form D with the SEC on November 10, 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 World Carbon Fund, a sub fund of Ardan QIAIF ICAV.
Is World Carbon Fund, a sub fund of Ardan QIAIF ICAV legit?
AltStreet does not rate legitimacy; it reports the public record. World Carbon Fund, a sub fund of Ardan QIAIF ICAV filed a Form D with the SEC on November 10, 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 $149,002,480 sold to 20 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to World Carbon Fund, a sub fund of Ardan QIAIF ICAV, 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 World Carbon Fund, a sub fund of Ardan QIAIF ICAV 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 World Carbon Fund, a sub fund of Ardan QIAIF ICAV 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 World Carbon Fund, a sub fund of Ardan QIAIF ICAV raised?
World Carbon Fund, a sub fund of Ardan QIAIF ICAV reported $149,002,480 sold from 20 investors in an offering of indefinite size as of the Form D filed November 10, 2025.
Who can invest in World Carbon Fund, a sub fund of Ardan QIAIF ICAV?
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 World Carbon Fund, a sub fund of Ardan QIAIF ICAV?
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 World Carbon Fund, a sub fund of Ardan QIAIF ICAV and how are they paid?
The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.
Who is behind World Carbon Fund, a sub fund of Ardan QIAIF ICAV?
The Form D lists 2 related persons: Thornbridge Investment Management LLP, executive officer (Investment Manager); Carbon Cap Management LLP, executive officer (Investment Advisor and Promoter). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is World Carbon Fund, a sub fund of Ardan QIAIF ICAV located?
The issuer's address on its SEC filings is 2nd Floor, Block E, Iveagh Court, Harcourt Road, Dublin, Ireland 2 D02 YT22. Its phone number of record is 0204 526 5486. It is organized under the laws of Ireland.
How long is the World Carbon Fund, a sub fund of Ardan QIAIF ICAV 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 World Carbon Fund, a sub fund of Ardan QIAIF ICAV?
The issuer declined to disclose its net asset value range on the Form D, which the form permits.
Is this your offering?
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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.