Form D · Hedge Fund

Brevan Howard Emerging Markets Strategies Fund Ltd

Grand Cayman, E9 · CIK 0001456620

Offering snapshot reported Mar 18, 2014 · SEC filing

Reported sold
$504M
Indefinite offering
Investors reported
46
Form D · investor count
Minimum accepted
$1M
Reported outside-investor minimum
First sale
Feb 1, 2008
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$1.01B$2.02BMar 15, 2010: $214,599,571.00Mar 15, 2010Mar 16, 2011: $750,519,168.00Mar 16, 2011Mar 19, 2012: $2,017,446,723.00Mar 19, 2012Mar 18, 2013: $373,521,040.00Mar 18, 2013Mar 27, 2013: $373,521,040.00Mar 18, 2014: $503,921,040.00Mar 18, 2014

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$373,521,040 → $503,921,040
  • Reported investors38 → 46

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Mar 18, 2014Amendment$503,921,040$130,400,000vs Mar 27, 201346SEC filing
Mar 27, 2013Amendment$373,521,040$0vs Mar 18, 201338SEC filing
Mar 18, 2013Amendment$373,521,040-$1,643,925,683vs Mar 19, 201238SEC filing
Mar 19, 2012Amendment$2,017,446,723$1,266,927,555vs Mar 16, 2011362SEC filing
Mar 16, 2011Amendment$750,519,168$535,919,597vs Mar 15, 201054SEC filing
Mar 15, 2010Amendment$214,599,571No comparison26SEC 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
$617K (estimated)
Form D file number
021-129429
The Investment Manager will pay a monthly fee, which may vary from time to time, to the placement agent. Fees listed above represent fees paid during the calendar year 2013.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Brevan Howard US LLC150662

Source: Form D, filed Mar 18, 2014. 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

BREVAN HOWARD EMERGING MARKETS LOCAL FIXED INCOME FUND LIMITED

Investment adviser: BREVAN HOWARD CAPITAL MANAGEMENT, LP

Gross asset value
$12.7M
Beneficial owners
3
ADV minimum commitment
$1M

Reported in Form ADV on May 29, 2012. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator JPMORGAN BANK LUXEMBOURG S.A. SENNINGERBERG, Luxembourg Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG DUBLIN, Ireland
Marketer BREVAN HOWARD US LLC NEW YORK, New York, 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

BREVAN HOWARD US LLC
CRD 150662 · SEC 8-68278

Filing source

Form ADV 644921 · May 29, 2012 · Schedule D 7.B.(1), fund 805-6859982211

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
Karla Bodden Director
N/A Brevan Howard Capital Management, L.P. Executive
N/A Brevan Howard Offshore Management Limited Promoter
Dennis J. Hunter Director
Philippe Lespinard Director
Bruce Levitt Director
James Morrison Director
Jonas Rinne Director
Phil Schmitt Director
Risto Silander Director
James Vernon Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
Bh Emerging Markets Strategies Fund Ltd Ugland House, South Church Street
Grand Cayman, E9, KY1-1104