Form D · Hedge Fund

Ibex Behavioral Finance Fund (Offshore) Ltd.

Grand Cayman, E9 · CIK 0001703014

Offering snapshot reported Mar 18, 2020 · SEC filing

Reported sold: $23.9M
Investors reported: 26
Minimum accepted: $250K
First sale: Apr 1, 2017

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.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Mar 18, 2020	Amendment	$23,926,514	$0vs Sep 27, 2019	26	SEC filing
Sep 27, 2019	Amendment	$23,926,514	$1,670,000vs Sep 27, 2018	26	SEC filing
Sep 27, 2018	Amendment	$22,256,514	$20,156,514vs Oct 3, 2017	23	SEC filing
Oct 3, 2017	Amendment	$2,100,000	No comparison	7	SEC filing
Apr 13, 2017	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $287 (estimated)
Form D file number: 021-284669

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Silver Leaf Partners, LLC	126694

Source: Form D, filed Mar 18, 2020. 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

IBEX BEHAVIORAL FINANCE FUND (OFFSHORE) LTD.

Investment adviser: IBEX INVESTORS LLC

Gross asset value: $2.35M
Beneficial owners: 8
ADV minimum commitment: $250K

Reported in Form ADV on May 24, 2018. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator ALPS ALTERNATIVE INVESTMENT SERVICES, LLC BELLEVUE, Washington, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor SPICER JEFFRIES (CAYMAN) GRAND CAYMAN, Cayman Islands

Custodian BOKF, NA DENVER, Colorado, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

SPICER JEFFRIES (CAYMAN)
PCAOB 349

Filing source

Form ADV 1220004 · May 24, 2018 · Schedule D 7.B.(1), fund 805-9960995934

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
Brian Abrams	Director
Justin B. Borus	Executive
Alexander Goulden	Director
N/A Ibex Investors Llc	Promoter
Claire Kasumba	Director
Martin Laufer	Director
N/A Lazarus Management Company, Llc	Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

Maples Corporate Services Limited Ugland House, Po Box 309
Grand Cayman, E9, KY1-1104