Form D · Hedge Fund
iCapital - WorldQuant Millennium SEALS, L.P.
New York, NY · CIK 0001922227
Offering snapshot reported Jul 21, 2026 · SEC filing
- Reported sold
- $369M Indefinite offering
- Investors reported
- 378 Form D · investor count
- Minimum accepted
- $0 Reported outside-investor minimum
- First sale
- Jul 1, 2022 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.
- Reported sold$328,197,618 → $368,953,060
- Reported investors321 → 378
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Jul 21, 2026 | Amendment | $368,953,060 | $40,755,442vs Jul 17, 2025 | 378 | SEC filing |
| Jul 17, 2025 | Amendment | $328,197,618 | $90,811,555vs Jul 22, 2024 | 321 | SEC filing |
| Jul 22, 2024 | Amendment | $237,386,063 | $79,415,240vs Apr 19, 2023 | 217 | SEC filing |
| Apr 19, 2023 | Amendment | $157,970,823 | No comparison | 116 | SEC filing |
| Apr 19, 2022 | Initial | Yet to sell | No comparison | 0 | 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 (estimated)
- Finders' fees
- $0
- Form D file number
- 021-442590
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 | |
| Oppenheimer & Co. Inc. | 249 | |
| PNC Investments | 129052 |
Source: Form D, filed Jul 21, 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-WORLDQUANT MILLENNIUM SEALS, L.P.
Investment adviser: ICAPITAL ADVISORS, LLC
- Gross asset value
- $172M
- Beneficial owners
- 296
- 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
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- Yes
KPMG LLP
PCAOB 185
ARKADIOS WEALTH ADVISORS
CRD 288863 · SEC 801-110833
AVESTAR CAPITAL, LLC
CRD 287525 · SEC 801-110020
DAI ADVISORS
CRD 300332 · SEC 801-118426
ICAPITAL MARKETS LLC
CRD 118219 · SEC 8-53640
INVESTMENT PLACEMENT GROUP
CRD 14458 · SEC 8-30700
LPL FINANCIAL LLC
CRD 6413 · SEC 801-10970
OPPENHEIMER & CO. INC.
CRD 249 · SEC 801-887
RBC PRIVATE COUNSEL (USA) INC.
CRD 109648 · SEC 801-55491
UBS FINANCIAL SERVICES INC.
CRD 8174 · SEC 801-7163
WELLS CAPITAL MANAGEMENT SINGAPORE
CRD 165024 · SEC 801-76987
Filing source
Form ADV 2135827 · Sep 30, 2026 · Schedule D 7.B.(1), fund 805-8250389154
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 |
|---|---|
| I Capital Hf Gp, Llc | Promoter |
| Joshua Lee | Executive |
| Justin Lioi | Executive |
| Max Schwartz | Executive |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:New York, NY, 10165