Form D · Hedge Fund

Man Funds XI SPC, on behalf of & for the account of Man TargetRisk 1.5X (Cayman) SP

Grand Cayman, E9 · CIK 0001799166

Offering snapshot reported Jan 13, 2026 · SEC filing

Reported sold: $328M
Investors reported: 7
Minimum accepted: $100K
First sale: Jan 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
Jan 13, 2026	Amendment	$328,284,353	$0vs Jan 13, 2025	7	SEC filing
Jan 13, 2025	Amendment	$328,284,353	$0vs Jan 11, 2024	7	SEC filing
Jan 11, 2024	Amendment	$328,284,353	$0vs Jan 11, 2023	7	SEC filing
Jan 11, 2023	Amendment	$328,284,353	$40,000,000vs Jan 11, 2022	7	SEC filing
Jan 11, 2022	Amendment	$288,284,353	$23,104,895vs Jan 11, 2021	5	SEC filing
Jan 11, 2021	Amendment	$265,179,458	$215,179,458vs Jan 8, 2020	2	SEC filing
Jan 8, 2020	Initial	$50,000,000	No comparison	1	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: 021-357456

Includes only securities sold to U.S. investors by the Issuer in reliance on Regulation D (e.g., excludes securities sold to non-U.S. investors in reliance on Regulation S).

Man Investments Inc. ("MII") is an affiliate of AHL Partners LLP. The Issuer did not pay sales commissions to MII. MII compensates Registered Reps a salary and discretionary bonus, determined by many factors including assets raised for the Issuer.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Man Investments Inc.	15770

Source: Form D, filed Jan 13, 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

MAN FUNDS XI SPC - MAN TARGETRISK 1.5X (CAYMAN) SP

Investment adviser: AHL PARTNERS LLP

Gross asset value: $91.6M
Beneficial owners: 4
ADV minimum commitment: $100K

Reported in Form ADV on Aug 7, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator BNY MELLON FUND SERVICES (IRELAND) DESIGNATED ACTIVITY COMPANY DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP GRAND CAYMAN, Cayman Islands

Custodian BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No

Marketer MAN INVESTMENTS AG PFAFFIKON, Switzerland Related to adviser: Yes

Provider details

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

DELOITTE & TOUCHE LLP
PCAOB 1096

BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49

Filing source

Form ADV 2121705 · Aug 7, 2026 · Schedule D 7.B.(1), fund 805-4891031642

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
N/A Ahl Partners Llp	Executive
Jennifer Collins	Director
Ronan Daly	Director
N/A Man Asset Management (Cayman) Limited	Executive
Tim Sweeting	Director
Jennifer Thomson	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

Maples Corporate Services Limited Ugland House, South Church Street
Grand Cayman, E9, KY1-1104