Form D · Hedge Fund

HedgeForum Pentwater, LLC

New York, NY · CIK 0001566870

Offering snapshot reported Nov 25, 2025 · SEC filing

Reported sold
$39.6M
Indefinite offering
Investors reported
138
Form D · investor count
Minimum accepted
$100K
Reported outside-investor minimum
First sale
Jan 1, 2013
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$19.8M$39.6MJan 14, 2013: $200,000.00Jan 14, 2013Jun 18, 2013: $3,250,000.00Jan 28, 2014: $11,236,244.00Feb 13, 2015: $29,511,102.00Feb 18, 2016: $36,271,768.00Jul 21, 2017: $37,071,768.00Mar 31, 2021: $39,305,886.00May 4, 2021: $39,305,886.00Apr 19, 2024: $39,305,885.00Nov 25, 2025: $39,555,885.00Nov 25, 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.

  • Reported sold$39,305,885 → $39,555,885
  • Reported investors137 → 138

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Nov 25, 2025Amendment$39,555,885$250,000vs Apr 19, 2024138SEC filing
Apr 19, 2024Amendment$39,305,885-$1vs Mar 31, 2021137SEC filing
May 4, 2021Amendment$39,305,886$0vs Mar 31, 2021137SEC filing
Mar 31, 2021Amendment$39,305,886$2,234,118vs Jul 21, 2017137SEC filing
Jul 21, 2017Amendment$37,071,768$800,000vs Feb 18, 2016127SEC filing
Feb 18, 2016Amendment$36,271,768$6,760,666vs Feb 13, 2015124SEC filing
Feb 13, 2015Amendment$29,511,102$18,274,858vs Jan 28, 2014105SEC filing
Jan 28, 2014Amendment$11,236,244$7,986,244vs Jun 18, 201346SEC filing
Jun 18, 2013Amendment$3,250,000$3,050,000vs Jan 14, 201318SEC filing
Jan 14, 2013Initial$200,000No comparison2SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$118K
Finders' fees
$0
Form D file number
021-190171

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Citigroup Global Markets Inc.7059
Citi Private Alternatives, LLC153777

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 PENTWATER, LLC

Investment adviser: ICAPITAL ADVISORS, LLC

Gross asset value
$28.8M
Beneficial owners
39
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 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 N.A., NEW YORK BRANCH NEW YORK, New York, United States Related to adviser: No
Marketer CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States 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

CITIGROUP GLOBAL MARKETS INC.
CRD 7059 · SEC 801-3387

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

Filing source

Form ADV 2135827 · Sep 30, 2026 · Schedule D 7.B.(1), fund 805-3570811509

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 Amacar Cpo, Inc. Promoter
Karla L. Boyd Executive
N/A Citi Global Alternatives, Llc Promoter
N/A Citi Private Advisory, Llc Promoter
Evelyn Echevarria Executive
N/A European Investment Management Services, Inc. Promoter
European Investment Management Services, Inc. Promoter
Julie A. Gilbert Executive
I Capital Global Alternatives, Llc Promoter
Douglas K. Johnson Executive
Robert S. Mautner Executive

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