Form D · Hedge Fund

HF Core Series - HedgeForum Portfolios, LLC

New York, NY · CIK 0001721460

Offering snapshot reported Dec 29, 2025 · SEC filing

Reported sold: $224M
Investors reported: 65
Minimum accepted: $100K
First sale: Mar 27, 2012

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$222,386,648 → $223,636,648
Reported investors83 → 65

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Dec 29, 2025	Amendment	$223,636,648	$1,250,000vs Apr 19, 2024	65	SEC filing
Apr 19, 2024	Amendment	$222,386,648	$17,174,999vs May 4, 2021	83	SEC filing
May 4, 2021	Amendment	$205,211,649	$5,590,000vs Mar 31, 2021	70	SEC filing
Mar 31, 2021	Amendment	$199,621,649	$17,181,000vs Nov 28, 2017	66	SEC filing
Nov 28, 2017	Initial	$182,440,649	No comparison	52	SEC filing

Offering details

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

Sales commissions: $141K
Finders' fees: $0
Form D file number: 021-299617

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 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 PORTFOLIOS, LLC - HF CORE SERIES

Investment adviser: ICAPITAL ADVISORS, LLC

Gross asset value: $155M
Beneficial owners: 96
ADV minimum commitment: $500K

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 805-6661257734

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 Amacar Cpo, Inc.	Promoter
Karla L. Boyd	Executive
N/A Citi Global Alternatives, Llc	Promoter
N/A Citi Private Advisory, Llc	Promoter
Evelyn Echevaria	Executive
N/A 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