Form D · Hedge Fund

Brevan Howard PT Fund Ltd

George Town, Grand Cayman, E9 · CIK 0001959233

Offering snapshot reported Dec 4, 2025 · SEC filing

Reported sold
$725M
Indefinite offering
Investors reported
149
Form D · investor count
Minimum accepted
$5M
Reported outside-investor minimum
First sale
Nov 1, 2022
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$362M$725MJan 13, 2023: $24,200,000.00Jan 13, 2023Jan 13, 2023: $24,200,000.00Jan 31, 2024: $390,798,652.00Jan 31, 2024Dec 5, 2024: $658,978,630.00Dec 5, 2024Dec 4, 2025: $724,834,915.00Dec 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$658,978,630 → $724,834,915
  • Reported investors138 → 149

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Dec 4, 2025Amendment$724,834,915$65,856,285vs Dec 5, 2024149SEC filing
Dec 5, 2024Amendment$658,978,630$268,179,978vs Jan 31, 2024138SEC filing
Jan 31, 2024Amendment$390,798,652$366,598,652vs Jan 13, 202376SEC filing
Jan 13, 2023Initial$24,200,000No comparison4SEC filing
Jan 13, 2023Amendment$24,200,000$0vs Jan 13, 20234SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$686K
Finders' fees
$1.07M (estimated)
Form D file number
021-470719
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
Morgan Stanley & Co. LLC8209
J.P. Morgan Securities LLC79
CAIS Capital LLC154512

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 Executive
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