Form D · Hedge Fund

iCapital Infrastructure Investments Access Fund, Ltd.

New York, NY · CIK 0001995981

Offering snapshot reported Oct 2, 2026 · SEC filing

Reported sold: $351M
Investors reported: 1,229
Minimum accepted: $0
First sale: Aug 1, 2023

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$276,967,564 → $351,025,851
Reported investors977 → 1,229

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Oct 2, 2026	Amendment	$351,025,851	$74,058,287vs Oct 7, 2025	1,229	SEC filing
Oct 7, 2025	Amendment	$276,967,564	$102,082,127vs Oct 9, 2024	977	SEC filing
Oct 9, 2024	Amendment	$174,885,437	$145,847,836vs Oct 10, 2023	625	SEC filing
Oct 10, 2023	Initial	$29,037,601	No comparison	123	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-494277

Certain investors are required to pay (i) an upfront placement fee and/or (ii) an ongoing annual fee to the placement agent.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
RBC Capital Markets, LLC	31194
Morgan Stanley Smith Barney LLC	149777

Source: Form D, filed Oct 2, 2026. 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

ICAPITAL INFRASTRUCTURE INVESTMENTS ACCESS FUND, LTD.

Investment adviser: ICAPITAL ADVISORS, LLC

Gross asset value: $248M
Beneficial owners: 920
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 BANK OF NEW YORK MELLON NEW YORK, New York, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor KPMG LLP NEW YORK, New York, United States

Custodian BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No

Marketer ICAPITAL MARKETS LLC NEW YORK, New York, United States Related to adviser: Yes

Marketer IFUNDS TEL AVIV, Israel Related to adviser: No

Marketer MORGAN STANLEY INVESTMENT MANAGEMENT INC. NEW YORK, New York, United States Related to adviser: No

Marketer RBC CAPITAL MARKETS, LLC NEW YORK, New York, United States Related to adviser: No

Marketer ROCKEFELLER CAPITAL MANAGEMENT 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

KPMG LLP
PCAOB 185

ICAPITAL MARKETS LLC
CRD 118219 · SEC 8-53640

MORGAN STANLEY INVESTMENT MANAGEMENT INC.
CRD 110353 · SEC 801-15757

RBC CAPITAL MARKETS, LLC
CRD 31194 · SEC 801-13059

ROCKEFELLER CAPITAL MANAGEMENT
CRD 294197 · SEC 801-113009

Filing source

Form ADV 2135827 · Sep 30, 2026 · Schedule D 7.B.(1), fund 805-4573923970

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
Campbell Congdon	Director
I Capital Advisors, Llc	Promoter
Mallory Ross	Executive
Michael Stanton	Executive
Martin Steyn	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Compliance Department 60 East 42 Nd Street, 24 Th Floor
New York, NY, 10165