Form D · Hedge Fund

Pillar Value Fund Ltd

Hamilton, D0 · CIK 0001607176

Offering snapshot reported May 8, 2023 · SEC filing

Reported sold
$89.1M
Indefinite offering
Investors reported
15
Form D · investor count
Minimum accepted
$100K
Reported outside-investor minimum
First sale
Jan 1, 2013
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$44.5M$89.1MJun 5, 2014: $72,250,000.00Jun 5, 2014Jun 3, 2015: $73,250,000.00Jun 1, 2016: $73,250,000.00Feb 8, 2017: $81,400,000.00May 16, 2017: $81,650,000.00May 15, 2018: $89,050,000.00May 15, 2019: $89,050,000.00May 15, 2020: $89,050,000.00May 12, 2021: $89,050,000.00May 12, 2022: $89,050,000.00May 8, 2023: $89,050,000.00May 8, 2023

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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FiledFiling typeReported soldChange vs linked filingInvestorsSource
May 8, 2023Amendment$89,050,000$0vs May 12, 202215SEC filing
May 12, 2022Amendment$89,050,000$0vs May 12, 202115SEC filing
May 12, 2021Amendment$89,050,000$0vs May 15, 202015SEC filing
May 15, 2020Amendment$89,050,000$0vs May 15, 201915SEC filing
May 15, 2019Amendment$89,050,000$0vs May 15, 201815SEC filing
May 15, 2018Amendment$89,050,000$7,400,000vs May 16, 201715SEC filing
May 16, 2017Amendment$81,650,000$250,000vs Feb 8, 201713SEC filing
Feb 8, 2017Amendment$81,400,000$8,150,000vs Jun 1, 201613SEC filing
Jun 1, 2016Amendment$73,250,000$0vs Jun 3, 20154SEC filing
Jun 3, 2015Amendment$73,250,000$1,000,000vs Jun 5, 20144SEC filing
Jun 5, 2014Initial$72,250,000No comparison4SEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$550K (estimated)
Finders' fees
$0
Form D file number
021-218630
Any fees paid to the placement agents are borne by Pillar Capital Management Ltd and not the Issuer. The estimate also includes amounts which may be payable in the next 12 months.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
FTI Capital Advisors, LLC123434
Agecroft Partners, LLC139227
TigerRisk Capital Markets & Advisory172729

Source: Form D, filed May 8, 2023. 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

PILLAR VALUE FUND LIMITED

Investment adviser: PILLAR CAPITAL MANAGEMENT LIMITED

Gross asset value
$29.8M
Beneficial owners
2
ADV minimum commitment
$1M

Reported in Form ADV on Jun 9, 2024. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator ARTEX FUND SERVICES LTD. HAMILTON, Bermuda Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG HAMILTON, Bermuda
Custodian WELLS FARGO BANK NEW YORK, New York, United States Related to adviser: No
Marketer AGECROFT PARTNERS, LLC RICHMOND, Virginia, United States Related to adviser: No
Marketer FTI CAPITAL ADVISORS, LLC NEW YORK, New York, United States Related to adviser: No
Marketer HOWDEN TIGER CAPITAL MARKETS & ADVISORY, LLC WILMIN, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

KPMG
PCAOB 1297

AGECROFT PARTNERS, LLC
CRD 139227 · SEC 8-67198

FTI CAPITAL ADVISORS, LLC
CRD 123434 · SEC 8-65587

HOWDEN TIGER CAPITAL MARKETS & ADVISORY, LLC
CRD 172729 · SEC 8-69523

Filing source

Form ADV 1863571 · Jun 9, 2024 · Schedule D 7.B.(1), fund 805-9131913422

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
John Brown Director
Edith Conyers Director
Philip A. Lotz Director
Malcolm Mitchell Executive
Pillar Capital Management Limited Promoter
Tara Railton Director
Michael C. Sapnar Director
Stephen A. Velotti Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
11 Church Street
Hamilton, D0, HM11