Form D · Hedge Fund

HedgeForum EIM Multi Strategy, Ltd.

New York, NY · CIK 0002021175

Offering snapshot reported Nov 25, 2025 · SEC filing

Reported sold: $230M
Investors reported: 260
Minimum accepted: $1M
First sale: May 1, 2024

Fundraising history

Reported sold

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$310,945,250 → $230,117,612
Reported investors207 → 260

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Nov 25, 2025	Amendment	$230,117,612	-$80,827,638vs May 21, 2024	260	SEC filing
May 21, 2024	Initial	$310,945,250	No comparison	207	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $2.74M
Finders' fees: $0
Form D file number: 021-513875

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Citigroup Global Markets Inc.	7059
Citi Private Alternatives, LLC	153777

Source: Form D, filed Nov 25, 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 EIM MULTI STRATEGY LTD

Investment adviser: ICAPITAL ADVISORS, LLC

Gross asset value: $239M
Beneficial owners: 207
ADV minimum commitment: $1M

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 DUBLIN, Ireland

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: No

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, Switzerland 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 805-9816353279

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
Name	Reported role
N/A Citi Global Alternatives, Llc	Promoter
I Capital Global Alternatives, Llc	Promoter
Stephane Lachance	Director
Martin Steyn	Director
Omar Wright	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Compliance Department 60 East 42 Nd Street, 28 Th Floor
New York, NY, 10165