Form D · Other Investment Fund

Polunin Developing Countries Fund, LLC

Hamilton, D0 · CIK 0001529217

Offering snapshot reported May 6, 2026 · SEC filing

Reported sold
$2.69B
Indefinite offering
Investors reported
238
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Nov 30, 2011
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$1.35B$2.69BSep 21, 2011Aug 29, 2012: $4,801,000.00Aug 5, 2013: $83,566,000.00Jan 9, 2015: $633,674,495.00Jan 13, 2015: $633,674,495.00Apr 13, 2016: $886,800,000.00Apr 13, 2017: $1,415,457,373.00Apr 13, 2018: $1,628,771,291.00Apr 19, 2019: $1,748,486,869.00Apr 30, 2020: $1,892,786,869.00Apr 30, 2021: $2,028,169,455.00May 2, 2022: $2,156,584,209.00Jun 1, 2023: $2,224,011,062.00Apr 29, 2024: $2,312,758,254.00Apr 29, 2025: $2,477,140,214.00May 6, 2026: $2,691,222,646.00May 6, 2026

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$2,477,140,214 → $2,691,222,646
  • Reported investors226 → 238

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
May 6, 2026Amendment$2,691,222,646$214,082,432vs Apr 29, 2025238SEC filing
Apr 29, 2025Amendment$2,477,140,214$164,381,960vs Apr 29, 2024226SEC filing
Apr 29, 2024Amendment$2,312,758,254$88,747,192vs Jun 1, 2023212SEC filing
Jun 1, 2023Amendment$2,224,011,062$67,426,853vs May 2, 2022201SEC filing
May 2, 2022Amendment$2,156,584,209$128,414,754vs Apr 30, 2021203SEC filing
Apr 30, 2021Amendment$2,028,169,455$135,382,586vs Apr 30, 2020203SEC filing
Apr 30, 2020Amendment$1,892,786,869$144,300,000vs Apr 19, 2019165SEC filing
Apr 19, 2019Amendment$1,748,486,869$119,715,578vs Apr 13, 2018153SEC filing
Apr 13, 2018Amendment$1,628,771,291$213,313,918vs Apr 13, 2017136SEC filing
Apr 13, 2017Amendment$1,415,457,373$528,657,373vs Apr 13, 2016109SEC filing
Apr 13, 2016Amendment$886,800,000$253,125,505vs Jan 13, 201589SEC filing
Jan 13, 2015Amendment$633,674,495$0vs Jan 9, 201552SEC filing
Jan 9, 2015Amendment$633,674,495$550,108,495vs Aug 5, 201352SEC filing
Aug 5, 2013Amendment$83,566,000No comparison18SEC filing
Aug 29, 2012Amendment$4,801,000No comparison4SEC filing
Sep 21, 2011InitialYet to sellNo comparison0SEC filing

Offering details

Securities
Equity, Pooled investment fund, Other
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$10.4M (estimated)
Finders' fees
$0
Form D file number
021-166159
Limited Liability Company Interests
Polunin Capital Partners Limited, the Investment Manager of the Issuer, is responsible for the payment of any sales commissions. Sales commissions are reported as of December 31, 2025 and include sales commissions paid to foreign brokers.

Sales compensation recipients

Scroll to see all columns →

RecipientCRDAssociated broker-dealer
Robin Pierce Armour2581987AMD Capital, LLC · CRD 121539
David Foree Nyren2636909AMD Capital, LLC · CRD 121539
Daniel Adrian Weiss1707436AMD Capital, LLC · CRD 121539

Source: Form D, filed May 6, 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

POLUNIN DEVELOPING COUNTRIES FUND, LLC

Investment adviser: POLUNIN CAPITAL PARTNERS LIMITED

Gross asset value
$2.69B
Beneficial owners
124
ADV minimum commitment
$1M

Reported in Form ADV on Mar 30, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator U.S. BANK GLOBAL FUND SERVICES (IRELAND) LIMITED DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP DUBLIN, Ireland
Custodian CITIBANK NA DUBLIN, Ireland Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

DELOITTE & TOUCHE LLP
PCAOB 1193

CITIBANK NA
LEI E57ODZWZ7FF32TWEFA76

Filing source

Form ADV 2058950 · Mar 30, 2026 · Schedule D 7.B.(1), fund 805-8235926007

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
Julian Garel Jones Director, Executive
Nicholas Hoskins Director, Executive
Laura Knox Director, Executive
Aditya Mehta Director
Paul Parsons Executive
Evandro Pereira Director
Douglas Polunin Director, Executive
Alexandra Silver Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
Victoria Place 31 Victoria Street
Hamilton, D0, HM 10