Form D · Hedge Fund

GrayFin Fund, Ltd.

Grand Cayman, E9 · CIK 0001817334

Offering snapshot reported Dec 23, 2022 · SEC filing

Reported sold
$7.2M
Indefinite offering
Investors reported
3
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Dec 1, 2020
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$3.6M$7.2MDec 18, 2020: $2,000,000.00Dec 18, 2020Nov 12, 2021: $5,700,000.00Nov 12, 2021Dec 23, 2022: $7,200,000.00Dec 23, 2022

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$5,700,000 → $7,200,000
  • Reported investors4 → 3

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Dec 23, 2022Amendment$7,200,000$1,500,000vs Nov 12, 20213SEC filing
Nov 12, 2021Amendment$5,700,000$3,700,000vs Dec 18, 20204SEC filing
Dec 18, 2020Initial$2,000,000No comparison1SEC filing

Offering details

Securities
Pooled investment fund, Other
Exemptions
06b, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-383746
The amount sold and the number of investors disclosed in this Form D reflect only sales to US Investors. Withdrawals are not taken into consideration.
Shares. The Board of Directors in its discretion, may permit investors to invest less than the minimum initial investment of $5,000,000, and the additional minimum investment of $1,000,000, but the initial investment cannot be below $100,000.

Source: Form D, filed Dec 23, 2022. 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

GRAYFIN FUND, LTD.

Investment adviser: P & S CREDIT MANAGEMENT, L.P.

Gross asset value
$37.1M
Beneficial owners
1
ADV minimum commitment
$5M

Reported in Form ADV on Mar 27, 2024. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator CITCO FUND SERVICES (CAYMAN ISLAND) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP GRAND CAYMAN, Cayman Islands
Custodian CITCO BANKING CORPORATION N.V. WILLEMSTAD, Curacao Related to adviser: No
Marketer BTIG, LLC NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

DELOITTE & TOUCHE LLP
PCAOB 1096

BTIG, LLC
CRD 122225 · SEC 8-65473

Filing source

Form ADV 1839914 · Mar 27, 2024 · Schedule D 7.B.(1), fund 805-1872922818

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
Roger H. Hanson Director
Alex Koundourakis Director, Promoter
Riyaz Nooruddin Director
N/A P&S Credit Management, L.P. Promoter
Amber Ramsey Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O Maples Corporate Services Limited Box 309, Ugland House
Grand Cayman, E9, KY1-1104