Form D · Hedge Fund

iCapital Millennium Fund, Ltd.

New York, NY · CIK 0001536107

Offering snapshot reported Feb 3, 2026 · SEC filing

Reported sold: $311M
Investors reported: Not reported
Minimum accepted: Not reported
First sale: Not reported

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Feb 3, 2026	Amendment	$311,064,623	No comparison	Not reported	SEC filing
Aug 1, 2024	Amendment	$147,366,798	-$50,818,475vs May 22, 2023	324	SEC filing
May 22, 2023	Amendment	$198,185,273	$195,428,408vs Feb 1, 2012	447	SEC filing
Mar 4, 2022	Amendment	$198,185,273	$4,530,988vs Oct 23, 2020	447	SEC filing
Oct 23, 2020	Amendment	$193,654,285	$24,686,534vs Oct 12, 2018	638	SEC filing
Oct 17, 2019	Amendment	$179,225,453	$10,257,702vs Oct 12, 2018	607	SEC filing
Oct 12, 2018	Amendment	$168,967,751	$12,016,414vs Sep 19, 2017	591	SEC filing
Sep 19, 2017	Amendment	$156,951,337	$8,830,730vs Feb 6, 2017	546	SEC filing
Feb 6, 2017	Amendment	$148,120,607	$38,643,803vs Aug 5, 2016	491	SEC filing
Aug 5, 2016	Amendment	$109,476,804	$23,490,115vs Jul 10, 2015	376	SEC filing
Jul 10, 2015	Amendment	$85,986,689	$14,908,027vs Feb 2, 2015	325	SEC filing
Feb 2, 2015	Amendment	$71,078,662	$47,668,430vs Feb 1, 2013	279	SEC filing
Oct 28, 2013	Amendment	$38,523,160	$15,112,928vs Feb 1, 2013	148	SEC filing
Feb 1, 2013	Amendment	$23,410,232	$20,653,367vs Feb 1, 2012	75	SEC filing
Feb 1, 2012	Initial	$2,756,865	No comparison	11	SEC filing

Offering details

Securities: Not reported
Exemptions: Not reported
Duration over one year: Not reported
Business combination: Not reported

Sales commissions: Not reported
Finders' fees: Not reported
Form D file number: 021-172760

Source: Form D, filed Feb 3, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

ICAPITAL MILLENNIUM FUND, LTD.

Investment adviser: ICAPITAL ADVISORS, LLC

Gross asset value: $371M
Beneficial owners: 478
ADV minimum commitment: $100K

Reported in Form ADV on Sep 30, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator APEX FUND SERVICES LTD. NEW YORK, New York, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor KPMG LLP NEW YORK, New York, United States

Custodian BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No

Marketer ALPHACORE CAPITAL LLC LA JOLLA, California, United States Related to adviser: No

Marketer CAMDEN WEALTH ADVISORS LLC HOUSTON, Texas, United States Related to adviser: No

Marketer HIGHTOWER ADVISORS, LLC CHICAGO, Illinois, United States Related to adviser: No

Marketer INNOVIA WEALTH, LLC GRAND RAPIDS, Michigan, United States Related to adviser: No

Marketer MARINER OVERLAND PARK, Kansas, United States Related to adviser: No

Marketer RBC PRIVATE COUNSEL (USA) INC. TORONTO, Canada Related to adviser: No

Marketer STERLING FINANCIAL GROUP LLC WORTHINGTON, Ohio, United States Related to adviser: No

Marketer STIFEL, NICOLAUS & COMPANY, INCORPORATED ST. LOUIS, Missouri, United States Related to adviser: No

Marketer UNITED CAPITAL FINANCIAL ADVISORS NEWPORT BEACH, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

KPMG LLP
PCAOB 185

ALPHACORE CAPITAL LLC
CRD 174346 · SEC 801-108468

CAMDEN WEALTH ADVISORS LLC
CRD 148518 · SEC 801-70004

HIGHTOWER ADVISORS, LLC
CRD 145323 · SEC 801-69625

INNOVIA WEALTH, LLC
CRD 289913 · SEC 801-112177

MARINER
CRD 140195 · SEC 801-66632

RBC PRIVATE COUNSEL (USA) INC.
CRD 109648 · SEC 801-55491

STERLING FINANCIAL GROUP LLC
CRD 119671

STIFEL, NICOLAUS & COMPANY, INCORPORATED
CRD 793 · SEC 801-10746

UNITED CAPITAL FINANCIAL ADVISORS
CRD 134600 · SEC 801-64376

Filing source

Form ADV 2135827 · Sep 30, 2026 · Schedule D 7.B.(1), fund 805-5835442582

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Related funds

Funds whose names form a numbered series with this one and that share its city or the name of a related person. Form D does not state how these funds are related.

Fund	Latest Form D	Reported sold	Investors
iCapital Millennium Fund, Ltd. (this fund)	Feb 3, 2026	$311,064,623	Not reported
iCapital Millennium Fund II, L.P.	Oct 26, 2026	$716,448,997	1,126
iCapital Millennium Fund II, Ltd.	Sep 30, 2026	$830,667,000	905

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
None Altegris Advisors, Llc	Promoter
None Altegris Funds	Promoter
Robert J Amedeo	Director
Martin I Beaulieu	Director, Executive
Kyle Hartley	Director
I Capital Advisors, Llc	Promoter
Michael Korn	Director
Kenneth I. Mc Guire	Executive
Matthew C Osborne	Director, Executive
Richard G Pfiser	Director
Jack L. Rivkin	Executive
Max Schwartz	Executive
Michael Stanton	Director
Jon C Sundt	Executive
Christopher Thome	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Compliance Department 60 East 42nd Street, 28th Floor
New York, NY, 10165