Form D · Private Equity Fund

Infrastructure Investments Fund (iCapital), Ltd.

New York, NY · CIK 0001822517

Offering snapshot reported May 15, 2026 · SEC filing

Reported sold
$139M
Indefinite offering
Investors reported
325
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Feb 1, 2021
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$69.6M$139MSep 1, 2020Feb 18, 2022: $25,040,000.00Feb 18, 2022Apr 24, 2023: $73,200,000.00Apr 24, 2023Apr 19, 2024: $105,691,000.00Apr 19, 2024May 5, 2025: $126,091,538.00May 5, 2025May 15, 2026: $139,111,538.00May 15, 2026

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$126,091,538 → $139,111,538
  • Reported investors303 → 325

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
May 15, 2026Amendment$139,111,538$13,020,000vs May 5, 2025325SEC filing
May 5, 2025Amendment$126,091,538$20,400,538vs Apr 19, 2024303SEC filing
Apr 19, 2024Amendment$105,691,000$32,491,000vs Apr 24, 2023225SEC filing
Apr 24, 2023Amendment$73,200,000$48,160,000vs Feb 18, 2022163SEC filing
Feb 18, 2022Amendment$25,040,000No comparison74SEC filing
Sep 1, 2020InitialYet to sellNo comparison0SEC filing

Offering details

Securities
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
021-374646

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
UBS FINANCIAL SERVICES INC.8174

Source: Form D, filed May 15, 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

INFRASTRUCTURE INVESTMENTS FUND (ICAPITAL), LTD.

Investment adviser: ICAPITAL ADVISORS, LLC

Gross asset value
$706M
Beneficial owners
551
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 UBS FINANCIAL SERVICES INC. WEEHAWKEN, New Jersey, 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

UBS FINANCIAL SERVICES INC.
CRD 8174 · SEC 801-7163

Filing source

Form ADV 2135827 · Sep 30, 2026 · Schedule D 7.B.(1), fund 805-4694538429

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
Campbell Congdon Director
Christopher Ebanks Director
N/A Icapital Advisors, Llc Promoter
Agne Miller Director
Benoit Sansoucy Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O Compliance Department 60 East 42 Nd Street, 28 Th Floor
New York, NY, 10165