Form D · Hedge Fund
IBS TURNAROUND FUND L P
Medfield, MA · CIK 0001054712
Offering snapshot reported Dec 4, 2025 · SEC filing
- Reported sold
- $102M Indefinite offering
- Investors reported
- 125 Form D · investor count
- Minimum accepted
- $250K Reported outside-investor minimum
- First sale
- Feb 28, 1997 As reported in this filing
Fundraising history
Reported soldDates 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
Scroll to see all columns →
| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Dec 4, 2025 | Amendment | $101,759,021 | $0vs Dec 16, 2024 | 125 | SEC filing |
| Dec 16, 2024 | Amendment | $101,759,021 | $0vs Jan 9, 2024 | 125 | SEC filing |
| Jan 9, 2024 | Amendment | $101,759,021 | $0vs Jan 9, 2023 | 125 | SEC filing |
| Jan 9, 2023 | Amendment | $101,759,021 | $0vs Jan 6, 2022 | 125 | SEC filing |
| Jan 6, 2022 | Amendment | $101,759,021 | $0vs Jan 6, 2021 | 125 | SEC filing |
| Jan 6, 2021 | Amendment | $101,759,021 | $500,000vs Jan 6, 2020 | 125 | SEC filing |
| Jan 6, 2020 | Amendment | $101,259,021 | $0vs Jan 4, 2019 | 124 | SEC filing |
| Jan 4, 2019 | Amendment | $101,259,021 | $280,642vs Jan 5, 2018 | 124 | SEC filing |
| Jan 5, 2018 | Amendment | $100,978,379 | $255,000vs Jan 5, 2017 | 123 | SEC filing |
| Jan 5, 2017 | Amendment | $100,723,379 | $0vs Jan 8, 2016 | 123 | SEC filing |
| Jan 8, 2016 | Amendment | $100,723,379 | $57,500vs Jan 9, 2015 | 123 | SEC filing |
| Jan 9, 2015 | Amendment | $100,665,879 | $3,711,305vs Jan 15, 2014 | 123 | SEC filing |
| Jan 15, 2014 | Amendment | $96,954,574 | $430,000vs Jan 15, 2013 | 120 | SEC filing |
| Jan 15, 2013 | Amendment | $96,524,574 | $855,000vs Jan 9, 2012 | 116 | SEC filing |
| Jan 9, 2012 | Amendment | $95,669,574 | $1,587,668vs Jan 11, 2011 | 116 | SEC filing |
| Jan 11, 2011 | Amendment | $94,081,906 | $640,000vs Jan 27, 2010 | 115 | SEC filing |
| Jan 27, 2010 | Amendment | $93,441,906 | No comparison | 113 | SEC filing |
| Jul 7, 2005 | Paper | Not reported | No comparison | Not reported | SEC filing |
Offering details
- Securities
- Pooled investment fund
- Exemptions
- 06b, 3C, 3C.1, 3C.7
- Duration over one year
- Yes
- Business combination
- No
- Sales commissions
- $0
- Finders' fees
- $0
- Form D file number
- 021-78983
Source: Form D, filed Dec 4, 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
THE IBS TURNAROUND FUND, L.P.
Investment adviser: IBS CAPITAL LLC
- Gross asset value
- $38.1M
- Beneficial owners
- 33
- ADV minimum commitment
- $1M
Reported in Form ADV on Apr 27, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.
Service providers
Provider details
- Annual audit
- Yes
- Prime brokers
- Yes
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- No
DELOITTE & TOUCHE LLP
PCAOB 34
ODYSSEY TRUST COMPANY
LEI 98450000FC9F546D5781
PERSHING LLC
SEC 8-17574
SANTANDER BANK, N.A.
LEI TR24TWEY5RVRQV65HD
TSX TRUST CO
LEI 549300BKNHWPAE4PYO17
MAXIM GROUP LLC
CRD 120708 · SEC 8-65337
Filing source
Form ADV 2099033 · Apr 27, 2026 · Schedule D 7.B.(1), fund 805-6124111263
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.
| Name | Reported role |
|---|---|
| David A. Taft | Director, Executive, Promoter |
| Theresa M. Taft | Director |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:Medfield, MA, 02052