Form D · Hedge Fund

M28 Capital Master Fund LP

Grand Cayman, WY · CIK 0001807515

Offering snapshot reported Mar 27, 2026 · SEC filing

Reported sold: $200K
Investors reported: 3
Minimum accepted: $100K
First sale: Apr 1, 2020

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 27, 2026	Amendment	$200,000	$0vs Mar 28, 2025	3	SEC filing
Mar 28, 2025	Amendment	$200,000	$0vs Mar 29, 2024	3	SEC filing
Mar 29, 2024	Amendment	$200,000	$0vs Mar 30, 2023	3	SEC filing
Mar 30, 2023	Amendment	$200,000	$0vs Mar 30, 2022	3	SEC filing
Mar 30, 2022	Amendment	$200,000	No comparison	3	SEC filing
Mar 30, 2021	Amendment	$200,000	No comparison	3	SEC filing
Mar 30, 2020	Initial	Yet to sell	No comparison	0	SEC 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: 021-363936

Source: Form D, filed Mar 27, 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

M28 CAPITAL MASTER FUND LP

Investment adviser: M28 CAPITAL MANAGEMENT LP

Gross asset value: $110M
Beneficial owners: 34
ADV minimum commitment: $5M

Reported in Form ADV on Apr 22, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator MORGAN STANLEY FUND SERVICES USA LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP MINNEAPOLIS, Minnesota, United States

Custodian BOFA SECURITIES, INC. NEW YORK, New York, United States Related to adviser: No

Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No

Custodian THE NORTHERN TRUST INTERNATIONAL BANKING CORP JERSEY CITY, New Jersey, United States Related to adviser: No

Prime broker BOFA SECURITIES, INC. NEW YORK, New York, United States

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: No

ERNST & YOUNG LLP
PCAOB 42

BOFA SECURITIES, INC.
SEC 8-69787

MORGAN STANLEY & CO. LLC
SEC 8-15869

THE NORTHERN TRUST INTERNATIONAL BANKING CORP
LEI 54930042DBMRRWU1QM80

BOFA SECURITIES, INC.
CRD 283942 · SEC 8-69787

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

Filing source

Form ADV 2097017 · Apr 22, 2026 · Schedule D 7.B.(1), fund 805-4490515024

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
Marc Elia	Executive
M28 Capital Fund Gp Llc	Executive
M28 Capital Management Lp	Executive, Promoter
Chris Taliercio	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Maples Corporate Services Limited Ugland House, Po Box 309
Grand Cayman, WY, KY1-1104