Form D · Hedge Fund

Capstone Blue Fund Ltd.

George Town, Grand Cayman, E9 · CIK 0001803807

Offering snapshot reported May 21, 2026 · SEC filing

Reported sold
$61M
Indefinite offering
Investors reported
1
Form D · investor count
Minimum accepted
$100K
Reported outside-investor minimum
First sale
Jan 27, 2020
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$33M$66MFeb 18, 2020: $25,000,000.00Feb 18, 2020Feb 18, 2021: $25,000,000.00Feb 18, 2022: $61,000,000.00Feb 17, 2023: $61,000,000.00Feb 16, 2024: $61,000,000.00Feb 18, 2025: $61,000,000.00Feb 18, 2026: $66,000,000.00May 21, 2026: $61,000,000.00May 21, 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.

  • Reported sold$66,000,000 → $61,000,000

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
May 21, 2026Amendment$61,000,000-$5,000,000vs Feb 18, 20261SEC filing
Feb 18, 2026Amendment$66,000,000$5,000,000vs Feb 18, 20251SEC filing
Feb 18, 2025Amendment$61,000,000$0vs Feb 16, 20241SEC filing
Feb 16, 2024Amendment$61,000,000$0vs Feb 17, 20231SEC filing
Feb 17, 2023Amendment$61,000,000$0vs Feb 18, 20221SEC filing
Feb 18, 2022Amendment$61,000,000$36,000,000vs Feb 18, 20211SEC filing
Feb 18, 2021Amendment$25,000,000$0vs Feb 18, 20201SEC filing
Feb 18, 2020Initial$25,000,000No 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
021-360789
Amounts in items 13 and 14 reflect solely sales pursuant to Regulation D, and do not reflect sales pursuant to Regulation S.

Source: Form D, filed May 21, 2026. 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

CAPSTONE BLUE FUND LTD.

Investment adviser: CAPSTONE INVESTMENT ADVISORS, LLC

Gross asset value
$19.5M
Beneficial owners
1
ADV minimum commitment
$100K

Reported in Form ADV on Aug 5, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator NORTHERN TRUST GLOBAL FUND SERVICES CAYMAN LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor PRICEWATERHOUSECOOPERS GRAND CAYMAN, Cayman Islands
Custodian BARCLAYS BANK PLC LONDON, United Kingdom Related to adviser: No
Custodian BARCLAYS CAPITAL INC. NEW YORK, New York, United States Related to adviser: No
Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No
Custodian THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No
Custodian THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No
Prime broker BARCLAYS CAPITAL INC. NEW YORK, New York, United States
Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

PRICEWATERHOUSECOOPERS
PCAOB 1266

BARCLAYS BANK PLC
LEI G5GSEF7VJP5I7OUK5573

BARCLAYS CAPITAL INC.
SEC 8-41342

GOLDMAN SACHS & CO. LLC
SEC 8-129

THE NORTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH30

THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION
LEI 54930042DBMRRWU1QM80

BARCLAYS CAPITAL INC.
CRD 19714 · SEC 8-41342

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

Filing source

Form ADV 2117710 · Aug 5, 2026 · Schedule D 7.B.(1), fund 805-5339832230

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
Paul M. Britton Director
N/A Capstone Investment Advisors, Llc Executive
Capstone Investment Advisors, Llc Promoter
Rick Hanna Director
Boris Onefater Director
Geoff Ruddick 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