Form D · Hedge Fund

Brevan Howard Multi-Strategy Fund Ltd

George Town, Grand Cayman, E9 · CIK 0001456621

Offering snapshot reported Dec 4, 2025 · SEC filing

Reported sold
$1.93B
Indefinite offering
Investors reported
112
Form D · investor count
Minimum accepted
$10M
Reported outside-investor minimum
First sale
Mar 1, 2008
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$964M$1.93BMay 18, 2021: $1,927,097,826.00May 18, 2021May 18, 2022: $1,927,097,826.00May 18, 2022May 24, 2023: $1,927,097,826.00May 24, 2023Jun 13, 2024: $1,927,097,826.00Jun 13, 2024Dec 5, 2024: $1,927,097,826.00Dec 4, 2025: $1,927,097,826.00Dec 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.

No comparable changes in the displayed metrics.

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Dec 4, 2025Amendment$1,927,097,826$0vs Dec 5, 2024112SEC filing
Dec 5, 2024Amendment$1,927,097,826$0vs Jun 13, 2024112SEC filing
Jun 13, 2024Amendment$1,927,097,826$0vs May 24, 2023112SEC filing
May 24, 2023Amendment$1,927,097,826$0vs May 18, 2022112SEC filing
May 18, 2022Amendment$1,927,097,826$0vs May 18, 2021112SEC filing
May 18, 2021Amendment$1,927,097,826No comparisonNot reportedSEC filing
May 18, 2020Amendment$1,927,097,826$0vs May 16, 2019112SEC filing
May 16, 2019Amendment$1,927,097,826$0vs May 16, 2018112SEC filing
May 16, 2018Amendment$1,927,097,826$1,513,605vs May 16, 2017112SEC filing
May 16, 2017Amendment$1,925,584,221$419,126vs May 16, 2016112SEC filing
May 16, 2016Amendment$1,925,165,095$27,137,736vs May 15, 2015112SEC filing
May 15, 2015Amendment$1,898,027,359$14,668,261vs May 16, 2014109SEC filing
May 16, 2014Amendment$1,883,359,098$304,718,183vs May 16, 2013109SEC filing
May 16, 2013Amendment$1,578,640,915$550,712,274vs Jun 19, 201292SEC filing
Jun 19, 2012Amendment$1,027,928,641$294,557,100vs Jun 20, 201159SEC filing
Jun 20, 2011Amendment$733,371,541$630,597,309vs Jun 11, 201035SEC filing
Jun 11, 2010Amendment$102,774,232-$2,198,153,260vs Jun 11, 200910SEC filing
Jun 11, 2009Initial$2,300,927,492No comparison173SEC 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
$1.07M (estimated)
Form D file number
021-131905
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 to the placement agents during the calendar year 2024.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Brevan Howard US LLC150662
Merrill Lynch, Pierce, Fenner & Smith Incorporated7691

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 Asset Management Llp Executive
N/A Brevan Howard Capital Management Lp Executive
N/A Brevan Howard Capital Management, L.P. Executive
N/A Brevan Howard Offshore Management Limited Promoter
Dennis J. Hunter Director
J Dennis Hunter Director
Philippe Lespinard Director
Bruce Levitt Director
James Morrison Director
Carol Reynolds Director
Jonas Rinne 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