EDGAR Verified
Primary Source · SEC.gov

iCapital Millennium US, L.P.

Feeder Fund2026 vintage506(b), 3(c)
Latest signalNew Form D filerForm D · 2026-09-02Last filing 2026-09-02

Raised

Pre-open

Investors

—

Min Invest

None stated

AltStreet Analysis

·

Generated from EDGAR primary sources

iCapital Millennium US, L.P. is a Delaware-organized pooled investment fund vehicle filed under Form D by iCapital HF GP, LLC (promoter), with Max Schwartz listed as executive officer. The offering is pre-open, with no disclosed first sale date, total amount sold, investor count, or minimum investment, and claims exemption under Rule 506(b) alongside Section 3(c) of the Investment Company Act. The entity name suggests it functions as a feeder vehicle providing access to a Millennium-branded hedge fund strategy, though no parent platform match or related entity filings were found in the database.

This filing sits within the alternative investment feeder-fund category, structured as a private placement under 506(b) with a concurrent 3(c) exclusion — a common pairing for hedge fund feeder vehicles marketed to accredited investors through intermediary platforms. No minimum investment or raise figures are disclosed on the filing itself, which is typical at the pre-open stage for this structure type, though it limits direct comparison to peer offerings.

Data Flags

ExemptionFiling simultaneously claims Rule 506(b) and Section 3(c) exemptions — a standard combination for hedge-fund feeder structures rather than an entity-specific anomaly.
Total Amount Sold / First Sale DateFiling is pre-open with no first sale date, total amount sold, or investor count disclosed, consistent with an initial Form D filed ahead of the fund's first closing.

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002152625
Entity NameiCapital Millennium US, L.P.
ExemptionRule 506(b), Section 3(c), Section 3(c)(7)
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising. Section 3(c) of the Investment Company Act of 1940: the issuer is a pooled investment vehicle relying on an exclusion from registration as an investment company. Section 3(c)(7) of the Investment Company Act: the fund is excluded from investment-company registration because every investor is a qualified purchaser, generally an individual with at least $5 million in investments or an institution with at least $25 million.
Entity TypeLimited Partnership
Jurisdiction of OrganizationDelaware
Year Organized2026
Issuer AddressC/O Compliance Department, 60 East 42nd Street, 24th Floor, New York, NY 10165
Phone(212) 994-7400
Industry / Fund TypePooled Investment Fund · Hedge Fund
Investment Company ActExcluded under Section 3(c)(7) (qualified purchasers only)
Securities TypeEquity, Pooled Investment Fund
First Sale DateNot yet occurred (as filed)
Filing DateSeptember 2, 2026
Accession Number0002152625-26-000001
Total Offering AmountIndefinite
Total Amount Sold$0 (no sales yet)
Total Investors0 (no sales yet)
Non-Accredited InvestorsNone
Minimum Investment$0 (no stated minimum)
Offering DurationIntended to last more than one year
Proceeds to Related Persons$0
Net Asset Value RangeDecline to Disclose
State (Issuer Address)NY
Amendment CountOriginal filing only
Signed ByMax Schwartz, Authorized Signatory of the General Partner of the Issuer

Filings 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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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

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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 clean data point on how wealth advisers are buying systematic absolute return.

Platform coverage · Aug 2026

iCapital's Blue Owl GP Stakes VI Feeders Report Nearly $816M Sold

The onshore and offshore private-wealth vehicles tied to Blue Owl's GP Stakes VI strategy reported a combined $815.8 million sold and 1,580 investor positions in Aug. 13 SEC amendments, up $16.45 million from their July 2025 filings. The filings show the scale of the iCapital distribution channel, but not when the incremental capital actually arrived.

Platform coverage · Aug 2026

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In the Terminal

Filing events

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latest Sep 2, 2026

Critical / warning

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0 watch · 1 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

pre_sale

Latest event New filer · Sep 2, 2026

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Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

- iCapital HF GP, LLC

Promoter · New York, NY

Max Schwartz

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.

Oppenheimer & Co. Inc.CRD 249 on BrokerCheck

Associated broker-dealer: None · New York, NY · Soliciting in all states

Questions About iCapital Millennium US, L.P.

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is iCapital Millennium US, L.P.?

iCapital Millennium US, L.P. is a Delaware limited partnership organized in 2026 that filed a Form D with the SEC on September 2, 2026 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 iCapital Millennium US, L.P. legit?

AltStreet does not rate legitimacy; it reports the public record. iCapital Millennium US, L.P. filed a Form D with the SEC on September 2, 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. No sales had been reported as of that notice. 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 iCapital Millennium US, L.P. 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 iCapital Millennium US, L.P. 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 iCapital Millennium US, L.P. raised?

iCapital Millennium US, L.P. reported that the first sale had not yet occurred as of the Form D filed September 2, 2026, so no amount sold or investor count is on file. The total offering amount is listed as indefinite.

Who can invest in iCapital Millennium US, L.P.?

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 iCapital Millennium US, L.P.?

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 iCapital Millennium US, L.P. and how are they paid?

The Form D names Oppenheimer & Co. Inc. (CRD 249), associated with None as the recipient of sales compensation soliciting in all states.

Who is behind iCapital Millennium US, L.P.?

The Form D lists 2 related persons: iCapital HF GP, LLC, promoter (General Partner of the Issuer); Max Schwartz, executive officer (Authorized Signatory of the General Partner of the Issuer). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is iCapital Millennium US, L.P. located?

The issuer's address on its SEC filings is C/O Compliance Department, 60 East 42nd Street, 24th Floor, New York, NY 10165. Its phone number of record is (212) 994-7400. It is organized under the laws of Delaware.

How long is the iCapital Millennium US, L.P. 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, and no amendment is on record yet.

How large is iCapital Millennium US, L.P.?

The issuer declined to disclose its net asset value range on the Form D, which the form permits.

Is this your offering?

Claim this profile to add contact information, team members, LinkedIn profiles, fund history, and additional financial data. EDGAR-sourced data and AltStreet analysis cannot be edited, but corrections can be requested for verifiable inaccuracies.

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.