Form D · Hedge Fund

Permal U.S. Opportunities Ltd.

Tortola, D8 · CIK 0001458265

Offering snapshot reported Mar 14, 2016 · SEC filing

Reported sold
$459M
Indefinite offering
Investors reported
38
Form D · investor count
Minimum accepted
$100K
Reported outside-investor minimum
First sale
Sep 18, 1987
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$230M$459MMar 16, 2011: $215,127,648.00Mar 16, 2011Mar 16, 2012: $445,208,745.00Mar 16, 2012Mar 13, 2013: $451,068,130.00Mar 13, 2013Mar 14, 2014: $456,173,330.00Mar 14, 2014Mar 16, 2015: $457,957,807.00Mar 16, 2015Mar 14, 2016: $459,385,019.00Mar 14, 2016

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$457,957,807 → $459,385,019
  • Reported investors37 → 38

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Mar 14, 2016Amendment$459,385,019$1,427,212vs Mar 16, 201538SEC filing
Mar 16, 2015Amendment$457,957,807$1,784,477vs Mar 14, 201437SEC filing
Mar 14, 2014Amendment$456,173,330$5,105,200vs Mar 13, 201335SEC filing
Mar 13, 2013Amendment$451,068,130$5,859,385vs Mar 16, 201212SEC filing
Mar 16, 2012Amendment$445,208,745$230,081,097vs Mar 16, 201110SEC filing
Mar 16, 2011Initial$215,127,648No comparison77SEC filing
Mar 16, 2010Amendment$173,519,989$56,538,027vs Mar 17, 200973SEC filing
Mar 17, 2009Initial$116,981,962No comparisonNot reportedSEC 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
021-156877
The agreement with C.P. Eaton and Associates has been terminated since September 30, 2008. The agreement with Maybridge Partners Inc. terminated on or around May 11, 2011. Neither firm currently solicits for the Issuer.

Source: Form D, filed Mar 14, 2016. 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

PERMAL U.S. OPPORTUNITIES LTD.

Investment adviser: APEX CAPITAL, LLC

Gross asset value
$260M
Beneficial owners
68
ADV minimum commitment
$100K

Reported in Form ADV on Aug 14, 2015. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator CITCO FUND SERVICES (CURACAO) N.V. WILLEMSTAD, CURACAO, Netherlands Antilles Investor statements: Yes (provided to all investors) Related to adviser: No
Custodian BANK OF AMERICA N.A. NEW YORK, New York, United States Related to adviser: No
Custodian CITCO BANKING CORPORATION NV WILLEMSTAD, CURACAO, Netherlands Antilles Related to adviser: No
Custodian STATE STREET CORPORATION BOSTON, Massachusetts, United States Related to adviser: No
Marketer PERMAL INVESTMENT MANAGEMENT SERVICES LIMITED LONDON, United Kingdom Related to adviser: No
Prime broker CREDIT SUISSE PRIME SECURITIES SERVICES (USA) LLC NEW YORK, New York, United States
Prime broker GOLDMAN, SACHS & CO. NEW YORK, New York, United States
Prime broker J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States
Prime broker MORGAN STANLEY & CO. LLC BROOKLYN, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

PERMAL INVESTMENT MANAGEMENT SERVICES LIMITED
CRD 138297 · SEC 801-65843

CREDIT SUISSE PRIME SECURITIES SERVICES (USA) LLC
CRD 151470 · SEC 8-68376

GOLDMAN, SACHS & CO.
CRD 361 · SEC 8-129

J.P. MORGAN CLEARING CORP.
CRD 28432 · SEC 8-43724

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

Filing source

Form ADV 941016 · Aug 14, 2015 · Schedule D 7.B.(1), fund 805-9576732949

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
NameReported role
Michel Delauzun Director
Gary Gladstein Director
Christopher Gruninger Director
Edmond De La Haye Jousselin Director
Raymond A Mason Director
Isaac Souede Director
William Waters Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O Equity Trust (Bvi) Ltd, Po Box 438 Road Town
Tortola, D8, BVI