Form D · Hedge Fund

Capstone Phi Kappa Fund Ltd.

George Town, Grand Cayman, E9 · CIK 0001759086

Offering snapshot reported May 21, 2026 · SEC filing

Reported sold
$210M
Indefinite offering
Investors reported
1
Form D · investor count
Minimum accepted
$100K
Reported outside-investor minimum
First sale
Sep 19, 2018
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$105M$210MNov 15, 2018: $70,000,000.00Nov 15, 2018Nov 15, 2019: $70,400,000.00Nov 13, 2020: $96,330,000.00Nov 12, 2021: $190,330,000.00Nov 10, 2022: $190,330,000.00Nov 9, 2023: $190,330,000.00Nov 12, 2024: $190,330,000.00Nov 12, 2025: $190,330,000.00May 21, 2026: $210,402,691.00May 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$190,330,000 → $210,402,691

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
May 21, 2026Amendment$210,402,691$20,072,691vs Nov 12, 20251SEC filing
Nov 12, 2025Amendment$190,330,000$0vs Nov 12, 20241SEC filing
Nov 12, 2024Amendment$190,330,000$0vs Nov 9, 20231SEC filing
Nov 9, 2023Amendment$190,330,000$0vs Nov 10, 20221SEC filing
Nov 10, 2022Amendment$190,330,000$0vs Nov 12, 20211SEC filing
Nov 12, 2021Amendment$190,330,000$94,000,000vs Nov 13, 20201SEC filing
Nov 13, 2020Amendment$96,330,000$25,930,000vs Nov 15, 20191SEC filing
Nov 15, 2019Amendment$70,400,000$400,000vs Nov 15, 20181SEC filing
Nov 15, 2018Initial$70,000,000No 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
021-325898

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 PHI KAPPA FUND LTD.

Investment adviser: CAPSTONE INVESTMENT ADVISORS, LLC

Gross asset value
$61.4M
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 LLP NEW YORK, New York, United States
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 LLP
PCAOB 238

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 805-6729451263

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
Capstone Investment Advisors, Llc Promoter
N/A Capstone Investment Advisors, Llc Executive
Rick Hanna Director
Rob Kolodziej Director
Robert Kolodziej Director
Boris Onefater Director
Geoffrey Ruddick 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