Form D · Hedge Fund

HC NCBR Fund

Grand Cayman, E9 · CIK 0001641723

Offering snapshot reported Jun 9, 2026 · SEC filing

Reported sold
$200M
Indefinite offering
Investors reported
1
Form D · investor count
Minimum accepted
$100K
Reported outside-investor minimum
First sale
Apr 28, 2015
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$100M$200MMay 12, 2015: $200,000,000.00May 12, 2015May 12, 2016: $200,000,000.00May 12, 2017: $200,000,000.00Dec 15, 2017: $200,000,000.00Dec 17, 2018: $200,000,000.00Dec 17, 2019: $200,000,000.00Dec 17, 2020: $200,000,000.00Dec 17, 2021: $200,000,000.00Dec 19, 2022: $200,000,000.00May 8, 2024: $200,000,000.00May 30, 2025: $200,000,000.00Jun 9, 2026: $200,000,000.00Jun 9, 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
Jun 9, 2026Amendment$200,000,000$0vs May 30, 20251SEC filing
May 30, 2025Amendment$200,000,000$0vs May 8, 20241SEC filing
May 8, 2024Amendment$200,000,000$0vs Dec 19, 20221SEC filing
Dec 19, 2022Amendment$200,000,000$0vs Dec 17, 20211SEC filing
Dec 17, 2021Amendment$200,000,000$0vs Dec 17, 20201SEC filing
Dec 17, 2020Amendment$200,000,000$0vs Dec 17, 20191SEC filing
Dec 17, 2019Amendment$200,000,000$0vs Dec 17, 20181SEC filing
Dec 17, 2018Amendment$200,000,000$0vs Dec 15, 20171SEC filing
Dec 15, 2017Amendment$200,000,000$0vs May 12, 20171SEC filing
May 12, 2017Amendment$200,000,000$0vs May 12, 20161SEC filing
May 12, 2016Amendment$200,000,000$0vs May 12, 20151SEC filing
May 12, 2015Initial$200,000,000No comparison1SEC 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
$0
Form D file number
021-239637

Source: Form D, filed Jun 9, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

Each card uses that adviser's latest imported filing. Filing dates can differ; these disclosures do not confirm a current relationship.

Matched by reported Form D file number

HC NCBR FUND

Investment adviser: BLACKROCK FINANCIAL MANAGEMENT, INC

Gross asset value
$516M
Beneficial owners
1
ADV minimum commitment
$5M

Reported in Form ADV on Aug 27, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator STATE STREET CAYMAN TRUST COMPANY, LTD SACRAMENTO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor DELOITTE & TOUCHE LLP PRINCETON, New Jersey, United States Other funds reporting this name →
Custodian STATE STREET BANK & TRUST COMPANY SACRAMENTO, California, United States Related to adviser: No Other funds reporting this name →
Prime broker CREDIT SUISSE SECURITIES (USA) LLC NEW YORK, New York, United States Other funds reporting this name →
Prime broker MERRILL LYNCH PROFESSIONAL CLEARING CORP. NEW YORK, New York, United States Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

DELOITTE & TOUCHE LLP
PCAOB 34

CREDIT SUISSE SECURITIES (USA) LLC
CRD 816 · SEC 8-422

MERRILL LYNCH PROFESSIONAL CLEARING CORP.
CRD 16139 · SEC 8-33359

Fund asset history · 5 annual observations Gross asset value by annual ADV filing$0$299M$598MFY 2021: $598,245,762.00FY 2021FY 2022: $577,719,155.00FY 2022FY 2023: $516,371,392.00FY 2023FY 2024: $516,371,392.00FY 2024FY 2025: $516,373,480.00FY 2025

Scroll to see all columns →

Fiscal yearGross assetsBeneficial ownersADV filed
2021$598,245,7621Mar 30, 2022
2022$577,719,1551Mar 30, 2023
2023$516,371,3921Mar 28, 2024
2024$516,371,3921Mar 31, 2025
2025$516,373,4801Mar 31, 2026
Filing source

Form ADV 2128806 · Aug 27, 2026 · Schedule D 7.B.(1), fund 805-3899031742

Reported by BLACKROCK FINANCIAL MANAGEMENT, INC (CRD 107105).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; 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
James E. Keenan Executive
Noelle L'heureux Director
Anne Marie Petach Director
Ian Pilgrim Director
Dave Trucano Executive
W. William Woods Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
Ugland House
Grand Cayman, E9, KY1-1104
Phone: 345-949-8066