Form D · Hedge Fund

BLACK DIAMOND ARBITRAGE LTD.

Camana Bay, Grand Cayman, E9 · CIK 0001460879

Offering snapshot reported Sep 29, 2025 · SEC filing

Reported sold
$308M
Indefinite offering
Investors reported
252
Form D · investor count
Minimum accepted
$50K
Reported outside-investor minimum
First sale
Mar 1, 2000
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$210M$419MMar 12, 2010: $416,191,062.00Mar 12, 2010Mar 15, 2011: $416,241,062.00Mar 15, 2012: $416,241,062.00Mar 14, 2013: $416,241,062.00Mar 14, 2014: $416,241,062.00Mar 13, 2015: $416,241,062.00Mar 11, 2016: $416,241,062.00Mar 10, 2017: $419,441,062.00Mar 9, 2018: $125,861,777.00Mar 8, 2019: $233,489,727.00Sep 30, 2019: $268,720,727.00Sep 29, 2020: $286,950,727.00Sep 29, 2021: $296,765,321.00Sep 29, 2022: $305,541,321.00Sep 29, 2023: $307,456,321.00Sep 30, 2024: $307,756,321.00Sep 29, 2025: $307,756,321.00Sep 29, 2025

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.

No comparable changes in the displayed metrics.

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Sep 29, 2025Amendment$307,756,321$0vs Sep 30, 2024252SEC filing
Sep 30, 2024Amendment$307,756,321$300,000vs Sep 29, 2023252SEC filing
Sep 29, 2023Amendment$307,456,321$1,915,000vs Sep 29, 2022251SEC filing
Sep 29, 2022Amendment$305,541,321$8,776,000vs Sep 29, 2021239SEC filing
Sep 29, 2021Amendment$296,765,321$9,814,594vs Sep 29, 2020212SEC filing
Sep 29, 2020Amendment$286,950,727$18,230,000vs Sep 30, 2019192SEC filing
Sep 30, 2019Amendment$268,720,727$35,231,000vs Mar 8, 2019141SEC filing
Mar 8, 2019Amendment$233,489,727$107,627,950vs Mar 9, 201888SEC filing
Mar 9, 2018Amendment$125,861,777-$293,579,285vs Mar 10, 201722SEC filing
Mar 10, 2017Amendment$419,441,062$3,200,000vs Mar 11, 20163SEC filing
Mar 11, 2016Amendment$416,241,062$0vs Mar 13, 20152SEC filing
Mar 13, 2015Amendment$416,241,062$0vs Mar 14, 20142SEC filing
Mar 14, 2014Amendment$416,241,062$0vs Mar 14, 20132SEC filing
Mar 14, 2013Amendment$416,241,062$0vs Mar 15, 20122SEC filing
Mar 15, 2012Amendment$416,241,062$0vs Mar 15, 20112SEC filing
Mar 15, 2011Amendment$416,241,062$50,000vs Mar 12, 20106SEC filing
Mar 12, 2010Amendment$416,191,062No comparison4SEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$1.07M
Finders' fees
$0
Form D file number
021-129805

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
CAIS Capital LLC154512

Source: Form D, filed Sep 29, 2025. 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

BLACK DIAMOND ARBITRAGE LTD.

Investment adviser: CARLSON CAPITAL, L.P.

Gross asset value
$13.2K
Beneficial owners
109
ADV minimum commitment
$1M

Reported in Form ADV on Aug 6, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator CITCO FUND SERVICES (CAYMAN ISLANDS) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE GEORGE TOWN, Cayman Islands
Custodian WELLS FARGO BANK, N.A. ROANOKE, Virginia, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

DELOITTE & TOUCHE
PCAOB 1096

Filing source

Form ADV 2119677 · Aug 6, 2026 · Schedule D 7.B.(1), fund 805-6742834804

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
Lynn Alpar Director, Executive
Lynne Alpar Director, Executive
Keith Anderson Director
Jane Buchan Director
Clint D. Carlson Director, Executive
Nancy P. Carlson Director
N/A Carlson Capital, L.P. Executive
Louis Frederic De Pfyffer Director
Richard Douglas Director
Leanne Golding Director
Harlan Korenvaes Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O Citco Fund Services (Cayman) Limited 89 Nexus Way, P.O. Box 31106
Camana Bay, Grand Cayman, E9, KY1-1205