Raised
$293M
Investors
6
Min Invest
None stated
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AltStreet Analysis
·Generated from EDGAR primary sources
BURFORD ADVANTAGE MASTER FUND LP is a Delaware limited partnership filing under Rule 506(b) and Section 3(c), having raised $293.0M from 6 investors as of this amended filing dated April 8, 2022. The fund is structured as a pooled investment fund with equity securities, managed by Burford Advantage Fund GP LP with directors Ben Gillooly and Craig Arnott. No parent platform has been matched in the AltStreet database.
This vehicle employs the 506(b)/3(c) exemption pattern typical of institutional alternative investment funds, with a concentrated investor base of 6 participants and a $293M total raise indicating an average commitment of approximately $48.8M per investor. The exemption structure and investor profile are consistent with a master fund serving sophisticated or institutional capital.
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 Burford Capital and its filings.
Burford Prices $300M Secured Notes at 8.000% and Conditionally Calls All $400M of Its 6.250% 2028s
An 8-K filed September 14, 2026 shows the litigation funder replacing unsecured debt with secured debt at a coupon 175 basis points higher. The redemption is conditioned on at least $300 million of new proceeds arriving by September 24.
Platform coverage · Sep 2026
Burford Capital 10-Q: YPF Marked Below Cost, Book Value Down 67%, Interim Dividend Suspended
AltStreet verified Burford Capital's August 6 filings against the documents themselves. The Q2 2026 10-Q carries the full YPF reckoning — the claims are now carried at $101 million against $126 million of cost — and the collateral damage runs through book value, leverage ratios, executive compensation accruals and the dividend. Quarterly cash receipts, meanwhile, tripled.
Platform coverage · Aug 2026
In the Terminal
Filing events
0
none on file
Critical / warning
0 / 0
0 watch · 0 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
lapsed
Investor
- The dated record: 15 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
Pro
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Adviser of Record (Form ADV)
CRD 167365 · SEC-registered adviser · lists this fund on Schedule D 7.B.(1) as a private equity 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.
N/A BURFORD ADVANTAGE FUND GP LP
Executive Officer · GRAND CAYMAN, E9
BEN GILLOOLY
Director · GRAND CAYMAN, E9
CRAIG ARNOTT
Director · LONDON, X0
Questions About BURFORD ADVANTAGE MASTER FUND LP
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is BURFORD ADVANTAGE MASTER FUND LP?
BURFORD ADVANTAGE MASTER FUND LP is a Delaware limited partnership that filed a Form D with the SEC on April 8, 2022 as a private equity 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 Burford Capital.
Is BURFORD ADVANTAGE MASTER FUND LP legit?
AltStreet does not rate legitimacy; it reports the public record. BURFORD ADVANTAGE MASTER FUND LP filed a Form D with the SEC on April 8, 2022 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 $293,000,000 sold to 6 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to Burford Capital, 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 BURFORD ADVANTAGE MASTER FUND LP 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 BURFORD ADVANTAGE MASTER FUND LP 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 BURFORD ADVANTAGE MASTER FUND LP raised?
BURFORD ADVANTAGE MASTER FUND LP reported $293,000,000 sold from 6 investors in an offering of indefinite size as of the Form D filed April 8, 2022.
Who can invest in BURFORD ADVANTAGE MASTER FUND LP?
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 BURFORD ADVANTAGE MASTER FUND LP?
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 BURFORD ADVANTAGE MASTER FUND LP 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.
Who is behind BURFORD ADVANTAGE MASTER FUND LP?
The Form D lists 3 related persons: BURFORD ADVANTAGE FUND GP LP, executive officer (GENERAL PARTNER); BEN GILLOOLY, director (DIRECTOR OF BURFORD ADVANTAGE GP LIMITED, THE GP OF THE ISSUERS' GP); CRAIG ARNOTT, director (DIRECTOR OF BURFORD ADVANTAGE GP LIMITED, THE GP OF THE ISSUERS' GP). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is BURFORD ADVANTAGE MASTER FUND LP located?
The issuer's address on its SEC filings is 353 N Clark Street, Suite 2700, Chicago, IL 60654. Its phone number of record is 312-819-2950. It is organized under the laws of Delaware.
How long is the BURFORD ADVANTAGE MASTER FUND LP offering open?
The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 1 amendment is on record for this CIK.
How large is BURFORD ADVANTAGE MASTER FUND LP?
The issuer declined to disclose its revenue 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.