Form D · Hedge Fund

Paulson Advantage Access Ltd

New York, NY · CIK 0001348640

Offering snapshot reported Mar 12, 2015 · SEC filing

Reported sold: $515M
Investors reported: 1,352
Minimum accepted: $100K
First sale: Oct 1, 2005

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.

Reported sold$515,031,976 → $515,278,058
Reported investors1,350 → 1,352

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Mar 12, 2015	Amendment	$515,278,058	$246,082vs Mar 12, 2014	1,352	SEC filing
Mar 12, 2014	Amendment	$515,031,976	$3,960vs Mar 12, 2013	1,350	SEC filing
Mar 12, 2013	Amendment	$515,028,016	$3,248,963vs Mar 12, 2012	1,350	SEC filing
Mar 12, 2012	Amendment	$511,779,053	$43,466,444vs Mar 11, 2011	1,341	SEC filing
Mar 11, 2011	Amendment	$468,312,609	$47,929,379vs Mar 11, 2010	1,252	SEC filing
Mar 11, 2010	Amendment	$420,383,230	$81,924,897vs Mar 12, 2009	1,146	SEC filing
Mar 12, 2009	Amendment	$338,458,333	No comparison	Not reported	SEC filing
Dec 30, 2005	Paper	Not reported	No comparison	Not reported	SEC filing

Offering details

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

Sales commissions: $12.9M (estimated)
Finders' fees: $0
Form D file number: 021-84657

Estimated maximum aggregate sales commission to be paid to the selling agent. The sales commission to be deducted from the subscription amount varies from 0% to 2.50% based on the investor's cumulative investment in the entire HedgeAccess Program.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Merrill Lynch, Pierce, Fenner & Smith Incorporated	7691

Source: Form D, filed Mar 12, 2015. Minimum accepted may differ from a standard advertised minimum.

Fund connections

No confirmed ADV fund connection is available for this issuer.

Related funds

Funds whose names form a numbered series with this one and that share its city or the name of a related person. Form D does not state how these funds are related.

Fund	Latest Form D	Reported sold	Investors
Paulson Advantage Access Ltd (this fund)	Mar 12, 2015	$515,278,058	1,352
Paulson Advantage Access II Ltd.	Jun 28, 2012	$150,750,633	658
PAULSON ADVANTAGE ACCESS II LLC	Mar 12, 2012	$271,352,528	589
Paulson Advantage Access III LLC	Jun 28, 2012	$223,096,230	519
Paulson Advantage Access IV LLC	Apr 26, 2012	$100,030,241	267

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
James Louis Costabile	Director, Executive
Justin C Ferri	Director, Executive
Keith D. Glenfield	Director, Executive
Thomas W. Lee	Director, Executive
N/A Merrill Lynch Alternative Investments Llc ("Mlai")	Executive
Deann D. Morgan	Director, Executive
Paul Morton	Director, Executive
Colleen Rose Rusch	Director, Executive
Steven Lawrence Suss	Director, Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

Mlai, 4 World Financial Center 250 Vesey Street, 11th Floor
New York, NY, 10080