Form D · Hedge Fund
NRMA Offshore Fund, Ltd.
Camana Bay, Grand Cayman, E9 · CIK 0001740006
Offering snapshot reported May 8, 2026 · SEC filing
- Reported sold
- $232M Indefinite offering
- Investors reported
- 33 Form D · investor count
- Minimum accepted
- $100K Reported outside-investor minimum
- First sale
- May 1, 2018 As reported in this filing
Fundraising history
Reported soldDates 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 |
|---|---|---|---|---|---|
| May 8, 2026 | Amendment | $232,090,888 | $0vs May 9, 2025 | 33 | SEC filing |
| May 9, 2025 | Amendment | $232,090,888 | $0vs May 10, 2024 | 33 | SEC filing |
| May 10, 2024 | Amendment | $232,090,888 | $0vs May 12, 2023 | 33 | SEC filing |
| May 12, 2023 | Amendment | $232,090,888 | $1,779,060vs May 12, 2022 | 33 | SEC filing |
| May 12, 2022 | Amendment | $230,311,828 | $103,426,776vs May 14, 2021 | 32 | SEC filing |
| May 14, 2021 | Amendment | $126,885,052 | No comparison | Not reported | SEC filing |
| May 15, 2020 | Amendment | $23,757,572 | $16,474,072vs May 15, 2019 | 19 | SEC filing |
| May 15, 2019 | Amendment | $7,283,500 | $6,983,500vs May 15, 2018 | 12 | SEC filing |
| May 15, 2018 | Initial | $300,000 | No comparison | 1 | SEC filing |
Offering details
- Securities
- Equity, Pooled investment fund
- Exemptions
- 06b, 3C, 3C.7
- Duration over one year
- Yes
- Business combination
- No
- Sales commissions
- $0 (estimated)
- Finders' fees
- $0 (estimated)
- Form D file number
- 021-312399
The recipients listed in Item 12 are paid an amount equal to a percentage of the management fee paid to the Investment Manager (or its affiliate) attributable to certain assets under management and/or the incentive allocation.
Sales compensation recipients
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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| MONNESS CRESPI HARDT & CO., INC | 000007424 | |
| SAXONY SECURITIES, INC. | 000115547 |
Source: Form D, filed May 8, 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
NRMA OFFSHORE FUND, LTD.
Investment adviser: NET RETURN ASSET MANAGEMENT LLC
- Gross asset value
- $493M
- Beneficial owners
- 37
- ADV minimum commitment
- $1M
Reported in Form ADV on Mar 24, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.
Service providers
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- Yes
ERNST & YOUNG LTD.
PCAOB 1655
HSBC BANK U.S.A., NATIONAL ASSOCIATION
LEI 1IE8VN30JCEQV1H4R804
MORGAN STANLEY INVESTMENT MANAGEMENT INC.
LEI 6N8SC06AK49F0N7KIX52
MONNESS CRESPI HARDT & CO., INC.
CRD 7424 · SEC 8-21380
SAXONY SECURITIES, INC.
CRD 115547 · SEC 8-53490
Filing source
Form ADV 2074266 · Mar 24, 2026 · Schedule D 7.B.(1), fund 805-5001828528
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.
| Name | Reported role |
|---|---|
| Vijayabalan Murugesu | Director |
| Net Return Asset Management, Llc | Executive |
| Steven R Yanis | Director |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:Camana Bay, Grand Cayman, E9, KY1-9009