Form D · Hedge Fund

Island Drive Offshore, Ltd.

Hamilton, D0 · CIK 0001208144

Offering snapshot reported Mar 8, 2012 · SEC filing

Reported sold
$12.6M
Indefinite offering
Investors reported
12
Form D · investor count
Minimum accepted
$50K
Reported outside-investor minimum
First sale
May 1, 1998
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$6.32M$12.6MMar 8, 2010: $7,702,244.00Mar 8, 2010Mar 8, 2011: $12,605,744.00Mar 8, 2011Mar 8, 2012: $12,630,451.00Mar 8, 2012

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$12,605,744 → $12,630,451

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Mar 8, 2012Amendment$12,630,451$24,707vs Mar 8, 201112SEC filing
Mar 8, 2011Amendment$12,605,744$4,903,500vs Mar 8, 201012SEC filing
Mar 8, 2010Amendment$7,702,244No comparison10SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06, 3C.1
Duration over one year
Yes
Business combination
No
Sales commissions
$4.3K
Finders' fees
$0
Form D file number
021-50462
Includes sales commissions paid to all sales agents listed in this Form D. Each sales agent is entitled to receive a percentage of the management fee and incentive fee attributable to the investors it introduces to the fund.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Capital Growth Securities LLC41847
LCS Securities, LLC140147

Source: Form D, filed Mar 8, 2012. 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

ISLAND DRIVE OFFSHORE, LTD. (CLASS D & E)

Investment adviser: LEVIN CAPITAL STRATEGIES, L.P.

Gross asset value
$2.88M
Beneficial owners
2
ADV minimum commitment
$1M

Reported in Form ADV on Mar 30, 2012. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator CITI HEDGE FUND SERVICES, CANADA MISSISSAUGA, Canada Investor statements: Yes (provided to all investors) Related to adviser: No
Fund administrator CITI HEDGE FUND SERVICES LTD. HAMILTON, Bermuda Investor statements: No (provided to no investors) Related to adviser: No
Auditor EISNERAMPER (CAYMAN) LTD. GEORGE TOWN, Cayman Islands
Custodian CREDIT SUISSE SECURITIES (USA) LLC NEW YORK, New York, United States Related to adviser: No
Custodian DEUTSCHE BANK SECURITIES INC. NEW YORK, New York, United States Related to adviser: No
Custodian J.P. MORGAN CHASE & CO. NEW YORK, New York, United States Related to adviser: No
Custodian MORGAN STANLEY PRIVATE BANK, NATIONAL ASSOCIATION PURCHASE, New York, United States Related to adviser: No
Marketer CAPITAL GROWTH SECURITIES LLC NEW YORK, New York, United States Related to adviser: No
Marketer LCS SECURITIES, LLC NEW YORK, New York, United States Related to adviser: Yes
Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

CREDIT SUISSE SECURITIES (USA) LLC
SEC 8-422

DEUTSCHE BANK SECURITIES INC.
SEC 8-17822

CAPITAL GROWTH SECURITIES LLC
CRD 41847 · SEC 8-49595

LCS SECURITIES, LLC
CRD 140147 · SEC 8-67288

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Filing source

Form ADV 610722 · Mar 30, 2012 · Schedule D 7.B.(1), fund 805-9766135317

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
Lisa Alexander Director
John P. Mackin Director
Georgia Prinsloo Director
Isatou Sey Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O Citi Hedge Fund Services, Ltd. Hemisphere House, 9 Church Street
Hamilton, D0, HM 11