Form D · Private Equity Fund

Berkshire Fund XI Access Fund RJ, L.P.

New York, NY · CIK 0002007818

Offering snapshot reported Jan 7, 2026 · SEC filing

Reported sold: $60.9M
Investors reported: 138
Minimum accepted: $0
First sale: May 13, 2024

Fundraising history

Reported sold

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$57,875,000 → $60,875,000
Reported investors132 → 138

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jan 7, 2026	Amendment	$60,875,000	$3,000,000vs Jan 8, 2025	138	SEC filing
Jan 8, 2025	Amendment	$57,875,000	No comparison	132	SEC filing
Jan 24, 2024	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-503346

Private placement clients of Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. and affiliates ("Raymond James") may be required to pay an upfront placement fee directly to Raymond James.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Raymond James & Associates, Inc.	705	Raymond James Financial Services, Inc. · CRD 6694

Source: Form D, filed Jan 7, 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

BERKSHIRE FUND XI ACCESS FUND RJ, L.P.

Investment adviser: ICAPITAL ADVISORS, LLC

Gross asset value: $56.7M
Beneficial owners: 132
ADV minimum commitment: $250K

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 GEN II FUND SERVICES, LLC 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

Marketer RAYMOND JAMES FINANCIAL SERVICES, INC. ST. PETERSBURG, Florida, United States Related to adviser: No

Provider details

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

KPMG LLP
PCAOB 185

RAYMOND JAMES FINANCIAL SERVICES, INC.
CRD 6694 · SEC 8-17983

Filing source

Form ADV 2135827 · Sep 30, 2026 · Schedule D 7.B.(1), fund 805-8322338889

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
Name	Reported role
I Capital Pe Gp, Llc	Promoter
Max Schwartz	Executive
Michael Stanton	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

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