Form D · Hedge Fund

iCapital Multi-Strategy Fund, L.P.

New York, NY · CIK 0001455085

Offering snapshot reported Jun 2, 2026 · SEC filing

Reported sold
$545M
Indefinite offering
Investors reported
1,397
Form D · investor count
Minimum accepted
$20K
Reported outside-investor minimum
First sale
Jan 1, 2009
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$273M$545MJan 21, 2009Jan 20, 2010: $15,150,551.00Oct 18, 2010: $16,425,551.00Oct 6, 2011: $20,689,405.00Sep 25, 2012: $39,822,410.00Oct 1, 2013: $73,717,580.00Feb 3, 2015: $120,433,688.00Feb 13, 2015: $120,433,688.00Jul 10, 2015: $143,681,874.00Aug 5, 2016: $179,074,951.00Feb 6, 2017: $191,054,387.00Sep 19, 2017: $205,319,785.00Oct 12, 2018: $219,430,079.00Oct 17, 2019: $226,330,034.00Oct 23, 2020: $248,167,816.00Mar 4, 2022: $270,888,752.00May 22, 2023: $270,888,752.00Jun 3, 2024: $436,489,918.00Jun 4, 2025: $503,711,258.00Jun 2, 2026: $545,061,156.00Jun 2, 2026

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$503,711,258 → $545,061,156
  • Reported investors1,280 → 1,397

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Jun 2, 2026Amendment$545,061,156$41,349,898vs Jun 4, 20251,397SEC filing
Jun 4, 2025Amendment$503,711,258$67,221,340vs Jun 3, 20241,280SEC filing
Jun 3, 2024Amendment$436,489,918No comparison1,059SEC filing
May 22, 2023Amendment$270,888,752No comparison368SEC filing
Mar 4, 2022Amendment$270,888,752$22,720,936vs Oct 23, 2020368SEC filing
Oct 23, 2020Amendment$248,167,816$21,837,782vs Oct 17, 2019523SEC filing
Oct 17, 2019Amendment$226,330,034$6,899,955vs Oct 12, 2018498SEC filing
Oct 12, 2018Amendment$219,430,079$14,110,294vs Sep 19, 2017497SEC filing
Sep 19, 2017Amendment$205,319,785$14,265,398vs Feb 6, 2017438SEC filing
Feb 6, 2017Amendment$191,054,387$11,979,436vs Aug 5, 2016324SEC filing
Aug 5, 2016Amendment$179,074,951$35,393,077vs Jul 10, 2015321SEC filing
Jul 10, 2015Amendment$143,681,874$23,248,186vs Feb 13, 2015326SEC filing
Feb 13, 2015Amendment$120,433,688$80,611,278vs Sep 25, 2012315SEC filing
Feb 3, 2015Amendment$120,433,688$80,611,278vs Sep 25, 2012315SEC filing
Oct 1, 2013Amendment$73,717,580$33,895,170vs Sep 25, 2012208SEC filing
Sep 25, 2012Amendment$39,822,410$19,133,005vs Oct 6, 2011111SEC filing
Oct 6, 2011Amendment$20,689,405$4,263,854vs Oct 18, 201037SEC filing
Oct 18, 2010Amendment$16,425,551$1,275,000vs Jan 20, 201024SEC filing
Jan 20, 2010Amendment$15,150,551No comparison18SEC filing
Jan 21, 2009PaperNot reportedNo comparisonNot reportedSEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0 (estimated)
Finders' fees
$0 (estimated)
Form D file number
021-126432
Certain investors are required to pay (i) an upfront placement fee and/or (ii) an ongoing annual fee to the placement agent.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
ACP Securities, LLC139049
AMERICAN FUNDSTARS315860
ARETE WEALTH MANAGEMENT, LLC44856
Cetera Advisor Networks, LLC13572
CETERA FINANCIAL SPECIALISTS LLC10358
COMMONWEALTH FINANCIAL NETWORK08032
EMPIRE ASSET MANAGEMENT COMPANY143007
JANNEY MONTGOMERY SCOTT LLC463
MONEY CONCEPTS CAPITAL CORP12963
PRIVATE CLIENT SERVICES, LLC120222
RBC CAPITAL MARKETS, LLC31194
STIFEL, NICOLAUS & COMPANY, INCORPORATED793
SYNOVUS SECURITIES, INC.14023
WILLIAM BLAIR1252

Source: Form D, filed Jun 2, 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 MULTI-STRATEGY FUND, L.P.

Investment adviser: ICAPITAL ADVISORS, LLC

Gross asset value
$554M
Beneficial owners
1,082
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 ADDISON CAPITAL CONSHOHOCKEN, Pennsylvania, United States Related to adviser: No
Marketer ARKADIOS WEALTH ADVISORS ATLANTA, Georgia, United States Related to adviser: No
Marketer BRADLEY WEALTH LLC SCOTTSDALE, Arizona, United States Related to adviser: No
Marketer CAMDEN WEALTH ADVISORS LLC HOUSTON, Texas, United States Related to adviser: No
Marketer CLARO ADVISORS INC. BOSTON, Massachusetts, United States Related to adviser: No
Marketer CRESCENT WEALTH ADVISORY, LLC ATLANTA, Georgia, United States Related to adviser: No
Marketer DYNASTY WEALTH MANAGEMENT, LLC ST. PETERSBURG, Florida, United States Related to adviser: No
Marketer FIRETHORN WEALTH PARTNERS, LLC AUGUSTA, Georgia, United States Related to adviser: No
Marketer HIGHTOWER ADVISORS, LLC CHICAGO, Illinois, United States Related to adviser: No
Marketer JANNEY MONTGOMERY SCOTT LLC NEW YORK, New York, 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

ADDISON CAPITAL
CRD 144853 · SEC 801-68352

ARKADIOS WEALTH ADVISORS
CRD 288863 · SEC 801-110833

BRADLEY WEALTH LLC
CRD 131808 · SEC 801-121942

CAMDEN WEALTH ADVISORS LLC
CRD 148518 · SEC 801-70004

CLARO ADVISORS INC.
CRD 160294 · SEC 801-80372

CRESCENT WEALTH ADVISORY, LLC
CRD 151156

DYNASTY WEALTH MANAGEMENT, LLC
CRD 153377 · SEC 801-71301

FIRETHORN WEALTH PARTNERS, LLC
CRD 297634 · SEC 801-113690

HIGHTOWER ADVISORS, LLC
CRD 145323 · SEC 801-69625

JANNEY MONTGOMERY SCOTT LLC
CRD 463 · SEC 801-7258

Filing source

Form ADV 2135827 · Sep 30, 2026 · Schedule D 7.B.(1), fund 805-6255681404

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

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
NameReported role
None Altegris Advisors, Llc Promoter
None Altegris Funds Promoter
Robert J Amedeo Executive
None Apm Funds Promoter
Martin I Beaulieu Director, Executive
Kyle Hartley Director
I Capital Hf Gp, Llc Promoter
Kenneth I Mc Guire Executive
Matthew C Osborne Executive
Richard G Pfister Executive
Jack L. Rivkin Executive
Michael Stanton Executive
Jon C Sundt Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O Compliance Department 60 East 42nd Street, 24th Floor
New York, NY, 10165