Form D · Hedge Fund

Brevan Howard Alpha Strategies Fund (Cayman No. 2) Ltd

George Town, Grand Cayman, E9 · CIK 0001995795

Offering snapshot reported Dec 4, 2025 · SEC filing

Reported sold
$277M
Indefinite offering
Investors reported
102
Form D · investor count
Minimum accepted
$100K
Reported outside-investor minimum
First sale
Nov 30, 2023
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$139M$277MFeb 2, 2024: $12,862,738.00Feb 2, 2024Dec 5, 2024: $66,163,000.00Dec 5, 2024Dec 4, 2025: $277,014,746.00Dec 4, 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.

  • Reported sold$66,163,000 → $277,014,746
  • Reported investors68 → 102

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Dec 4, 2025Amendment$277,014,746$210,851,746vs Dec 5, 2024102SEC filing
Dec 5, 2024Amendment$66,163,000$53,300,262vs Feb 2, 202468SEC filing
Feb 2, 2024Initial$12,862,738No comparison3SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$62.1K
Finders' fees
$1.07M (estimated)
Form D file number
021-504235
The Manager will pay a monthly fee, which may vary from time to time, to the placement agents. Fees listed above represent estimated fees paid during the calendar year 2024.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Brevan Howard US LLC150662
UBS Financial Services Inc.8174
J.P. Morgan Securities LLC79

Source: Form D, filed Dec 4, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

No confirmed ADV fund connection is available for this issuer.

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
Karla Bodden Director
N/A Brevan Howard Capital Management Lp Promoter
Philippe Lespinard Director
Carol Reynolds Director
Phil Schmitt Director
Risto Silander Director
James Vernon Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
Walkers Corporate Limited 190 Elgin Avenue
George Town, Grand Cayman, E9, KY1-9008