Form D · Hedge Fund

HedgeForum Caxton, Ltd.

New York, NY · CIK 0001526900

Offering snapshot reported Dec 29, 2025 · SEC filing

Reported sold
$140M
Indefinite offering
Investors reported
366
Form D · investor count
Minimum accepted
$100K
Reported outside-investor minimum
First sale
Dec 1, 2010
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$70.1M$140MOct 14, 2011: $895,000.00Oct 14, 2011Jan 26, 2012: $1,270,000.00Apr 16, 2012: $1,470,000.00Jun 24, 2013: $2,270,000.00Jan 31, 2014: $2,555,000.00Feb 18, 2015: $121,739,552.00May 31, 2016: $130,274,551.00Sep 7, 2017: $131,922,148.00Mar 31, 2021: $133,272,403.00Apr 22, 2024: $140,272,203.00Dec 29, 2025: $140,272,203.00Dec 29, 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.

No comparable changes in the displayed metrics.

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Dec 29, 2025Amendment$140,272,203$0vs Apr 22, 2024366SEC filing
Apr 22, 2024Amendment$140,272,203$6,999,800vs Mar 31, 2021366SEC filing
Mar 31, 2021Amendment$133,272,403$1,350,255vs Sep 7, 2017356SEC filing
Sep 7, 2017Amendment$131,922,148$1,647,597vs May 31, 2016351SEC filing
May 31, 2016Amendment$130,274,551$8,534,999vs Feb 18, 2015347SEC filing
Feb 18, 2015Amendment$121,739,552$119,184,552vs Jan 31, 2014326SEC filing
Jan 31, 2014Amendment$2,555,000$285,000vs Jun 24, 201313SEC filing
Jun 24, 2013Amendment$2,270,000$800,000vs Apr 16, 201210SEC filing
Apr 16, 2012Amendment$1,470,000$200,000vs Jan 26, 20129SEC filing
Jan 26, 2012Amendment$1,270,000$375,000vs Oct 14, 20117SEC filing
Oct 14, 2011Initial$895,000No comparison5SEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$1.09M
Finders' fees
$0
Form D file number
021-167256
Total Amount Sold includes Regulation S sales.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Citigroup Global Markets Inc.7059
Morgan Stanley Smith Barney LLC149777
Citi Private Alternatives, LLC153777

Source: Form D, filed Dec 29, 2025. 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

HEDGEFORUM CAXTON, LTD

Investment adviser: ICAPITAL ADVISORS, LLC

Gross asset value
$25.7M
Beneficial owners
42
ADV minimum commitment
$100K

Reported in Form ADV on Sep 30, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator BNY MELLON FUND SERVICES (IRELAND) DAC DUBLIN, Ireland Investor statements: No (provided to no investors) Related to adviser: No
Auditor PRICEWATERHOUSECOOPERS LLP GRAND CAYMAN, Cayman Islands
Custodian THE BANK OF NEW YORK MELLON SA/NV DUBLIN, Ireland Related to adviser: No
Marketer CITIBANK CANADA INVESTMENT FUNDS LIMITED TORONTO, Canada Related to adviser: No
Marketer CITIBANK EUROPE PLC (LUXEMBOURG BRANCH) LUXEMBOURG, Luxembourg Related to adviser: Yes
Marketer CITIBANK EUROPE PLC (UK BRANCH) UNITED KINGDOM, United Kingdom Related to adviser: No
Marketer CITIBANK N.A. GENEVA BRANCH GENEVA, Switzerland Related to adviser: No
Marketer CITIBANK N.A., JERSEY BRANCH ST. HELIER, Jersey Related to adviser: No
Marketer CITIBANK N.A. LONDON BRANCH LONDON, United Kingdom Related to adviser: No
Marketer CITIBANK N.A., NEW YORK BRANCH NEW YORK, New York, United States Related to adviser: No
Marketer CITIBANK N.A. ZURICH BRANCH ZURICH, Germany Related to adviser: No
Marketer CITIBANK (SWITZERLAND) AG ZURICH, Switzerland Related to adviser: No
Marketer CITI PRIVATE ALTERNATIVES, 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

PRICEWATERHOUSECOOPERS LLP
PCAOB 1366

CITI PRIVATE ALTERNATIVES, LLC
CRD 153777 · SEC 8-69789

Filing source

Form ADV 2135827 · Sep 30, 2026 · Schedule D 7.B.(1), fund 805-5261498397

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
N/A Citi Global Alternatives, Llc Promoter
N/A Citi Private Advisory, Llc Promoter
Sam Ellis Director
I Capital Global Alternatives, Llc Promoter
Stephane Lachance Director
Martin Laufer Director
Martin Steyn Director
Omar Wright Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O Compliance Department 60 East 42nd Street, 28th Floor
New York, NY, 10165