Bridgewater Pure Alpha Major Markets AFS Access Fund Ltd
Raised
$11M
Investors
30
Min Invest
$100,000
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AltStreet Analysis
·Generated from EDGAR primary sources
Bridgewater Pure Alpha Major Markets AFS Access Fund Ltd is a Cayman Islands-domiciled pooled investment fund that filed an amended Form D on April 7, 2025, reporting $10.5M raised from 30 investors under Rule 506(b) and Section 3(c) exemptions. The fund carries a $100K minimum investment and lists Asterion Fund Services (Offshore) Ltd., MaplesFS Directors Limited, and iCapital Alternative Investments LLC among its related persons. This appears to be a feeder or access vehicle operating independently in the AltStreet database with no matched parent platform or sibling entities.
This offering represents a typical offshore alternative investment access structure utilizing the standard 506(b) private placement exemption paired with Investment Company Act Section 3(c). The $100K minimum investment positions it in the mid-tier accredited investor segment, accessible to qualified individuals and family offices rather than solely institutional allocators, which is consistent with access fund structures designed to broaden participation in institutional strategies.
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.
Offering stalled · Form D · last filing April 7, 2025
Latest annual amendment reported no change in amount sold or investors
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
3 Form D filings from Apr 5, 2023 to Apr 7, 2025, the latest a D/A.
In the Terminal
Filing events
3
latest Apr 7, 2025
Critical / warning
0 / 0
3 watch · 0 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
stalled
Latest event Stalled · Apr 7, 2025
SEC.govFund family Part of the Bridgewater Pure Alpha Major Markets AFS Access 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: 26 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
- 3 filing events with values and deltas, latest 2025-04-07, 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.
n/a Asterion Fund Services (Offshore) Ltd.
Executive Officer, Promoter · 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
Campbell Congdon
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 Bridgewater Pure Alpha Major Markets AFS Access 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 Bridgewater Pure Alpha Major Markets AFS Access Fund Ltd?
Bridgewater Pure Alpha Major Markets AFS Access Fund Ltd is a Cayman Islands entity that filed a Form D with the SEC on April 7, 2025 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 Bridgewater Pure Alpha Major Markets AFS Access Fund Ltd legit?
AltStreet does not rate legitimacy; it reports the public record. Bridgewater Pure Alpha Major Markets AFS Access Fund Ltd filed a Form D with the SEC on April 7, 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 $10,503,000 sold to 30 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 Bridgewater Pure Alpha Major Markets AFS Access 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 Bridgewater Pure Alpha Major Markets AFS Access 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 Bridgewater Pure Alpha Major Markets AFS Access Fund Ltd raised?
Bridgewater Pure Alpha Major Markets AFS Access Fund Ltd reported $10,503,000 sold from 30 investors in an offering of indefinite size as of the Form D filed April 7, 2025.
Who can invest in Bridgewater Pure Alpha Major Markets AFS Access 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 Bridgewater Pure Alpha Major Markets AFS Access Fund Ltd?
The Form D lists $100,000 as the minimum investment accepted from any outside investor as of April 7, 2025. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling Bridgewater Pure Alpha Major Markets AFS Access 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 $262,575 and finders' fees as $0. Form D allows these to be estimates.
Who is behind Bridgewater Pure Alpha Major Markets AFS Access Fund Ltd?
The Form D lists 6 related persons: Asterion Fund Services (Offshore) Ltd., executive officer, promoter (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; Campbell Congdon, director; Andrea Capeci, executive officer. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is Bridgewater Pure Alpha Major Markets AFS Access 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 Bridgewater Pure Alpha Major Markets AFS Access 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; 2 amendments are on record for this CIK.
How large is Bridgewater Pure Alpha Major Markets AFS Access 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.