Form D · Hedge Fund

Brevan Howard Alpha Strategies Fund Ltd

George Town, Grand Cayman, E9 · CIK 0001750654

Offering snapshot reported Aug 18, 2026 · SEC filing

Reported sold
$2.97B
Indefinite offering
Investors reported
575
Form D · investor count
Minimum accepted
$100K
Reported outside-investor minimum
First sale
May 1, 2019
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$1.48B$2.97BAug 26, 2025: $2,855,613,514.00Aug 26, 2025Aug 17, 2026: $2,969,722,211.00Aug 18, 2026: $2,969,722,211.00Aug 18, 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.

No comparable changes in the displayed metrics.

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Aug 18, 2026Amendment$2,969,722,211$0vs Aug 17, 2026575SEC filing
Aug 17, 2026Amendment$2,969,722,211$114,108,697vs Aug 26, 2025575SEC filing
Aug 26, 2025Amendment$2,855,613,514No comparisonNot reportedSEC filing
Aug 16, 2024Amendment$2,791,879,771$194,406,373vs Aug 9, 2023559SEC filing
Aug 9, 2023Amendment$2,597,473,398$1,580,151,450vs Aug 31, 2022509SEC filing
Aug 31, 2022Amendment$1,017,321,948$363,747,398vs Aug 24, 2021163SEC filing
Aug 24, 2021Amendment$653,574,550$534,254,550vs Aug 24, 2020143SEC filing
Aug 24, 2020Amendment$119,320,000$117,320,000vs Aug 23, 201911SEC filing
Aug 23, 2019Amendment$2,000,000No comparison1SEC filing
Aug 27, 2018InitialYet to sellNo comparison0SEC filing
Aug 27, 2018AmendmentYet to sellNo comparison0SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$2.04M (estimated)
Finders' fees
$1.09M (estimated)
Form D file number
021-320074
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 2025.

Sales compensation recipients

Scroll to see all columns →

RecipientCRDAssociated broker-dealer
Brevan Howard US LLC150662
UBS Financial Services Inc.8174
Citigroup Global Markets, Inc.7059
J.P. Morgan Securities LLC79

Source: Form D, filed Aug 18, 2026. 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 Executive
Dennis J. Hunter Director
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