Form D · Hedge Fund

Blacksheep Fund Ltd.

Grand Cayman, E9 · CIK 0001760209

Offering snapshot reported Feb 13, 2026 · SEC filing

Reported sold
$571M
Indefinite offering
Investors reported
9
Form D · investor count
Minimum accepted
$100K
Reported outside-investor minimum
First sale
Nov 15, 2018
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$286M$571MNov 29, 2018: $45,000,000.00Nov 29, 2018Feb 22, 2019: $110,610,000.00Feb 19, 2020: $112,850,000.00Feb 19, 2021: $185,000,000.00Feb 18, 2022: $225,301,000.00Feb 16, 2023: $226,501,000.00Feb 16, 2024: $224,900,000.00Feb 14, 2025: $474,900,000.00Feb 13, 2026: $571,400,000.00Feb 13, 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$474,900,000 → $571,400,000

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Feb 13, 2026Amendment$571,400,000$96,500,000vs Feb 14, 20259SEC filing
Feb 14, 2025Amendment$474,900,000$250,000,000vs Feb 16, 20249SEC filing
Feb 16, 2024Amendment$224,900,000-$1,601,000vs Feb 16, 20238SEC filing
Feb 16, 2023Amendment$226,501,000$1,200,000vs Feb 18, 202215SEC filing
Feb 18, 2022Amendment$225,301,000$40,301,000vs Feb 19, 202115SEC filing
Feb 19, 2021Amendment$185,000,000$72,150,000vs Feb 19, 202015SEC filing
Feb 19, 2020Amendment$112,850,000$2,240,000vs Feb 22, 201914SEC filing
Feb 22, 2019Amendment$110,610,000$65,610,000vs Nov 29, 201810SEC filing
Nov 29, 2018Initial$45,000,000No comparison2SEC filing

Offering details

Securities
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
021-326804

Source: Form D, filed Feb 13, 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

BLACKSHEEP FUND LTD.

Investment adviser: BLACKSHEEP FUND MANAGEMENT LTD.

Gross asset value
Not reported
Beneficial owners
Not reported
ADV minimum commitment
Not reported

Reported in Form ADV on Mar 18, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

No provider names available in this fund's imported disclosure.

Provider details
Annual audit
Not reported
Prime brokers
Not reported
Custodians
Not reported
Administrator other than the adviser
Not reported
External marketing
Not reported
Filing source

Form ADV 2070011 · Mar 18, 2026 · Schedule D 7.B.(1), fund 805-1023734832

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
Blacksheep Fund Management Limited Executive
N/A N/A Blacksheep Fund Management Limited Executive, Promoter
N/A N/A Blacksheep Investment Management (Uk) Limited Executive, Promoter
Jonathan Bull Director, Executive
Brad Cowdroy Director
Alun Davies Director
Alexis Fortune Executive
N/A N/A G10 Capital Limited Executive, Promoter
Krupesh Patel Director
Ralph Woodford Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
Mourant Ozannes, 94 Solaris Avenue Camana Bay, Po Box 1348
Grand Cayman, E9, KY1-1108