Form D · Hedge Fund

Select Top Layer Fund Ltd.

Hamilton, D0 · CIK 0001956884

Offering snapshot reported Nov 28, 2025 · SEC filing

Reported sold: $182M
Investors reported: 2
Minimum accepted: $0
First sale: Jan 2, 2023

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$66,500,000 → $181,500,000

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Nov 28, 2025	Amendment	$181,500,000	$115,000,000vs Nov 25, 2024	2	SEC filing
Nov 25, 2024	Amendment	$66,500,000	$22,460,000vs Nov 28, 2023	2	SEC filing
Nov 28, 2023	Amendment	$44,040,000	No comparison	2	SEC filing
Dec 6, 2022	Initial	Yet to sell	No comparison	0	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
Finders' fees: $0
Form D file number: 021-466634

Source: Form D, filed Nov 28, 2025. 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

SELECT TOP LAYER FUND LTD.

Investment adviser: TANGENCY CAPITAL INVESTMENT ADVISORY LTD.

Gross asset value: $500M
Beneficial owners: 13
ADV minimum commitment: $5M

Reported in Form ADV on Mar 20, 2026. 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 ERNST & YOUNG LTD. HAMILTON, Bermuda

Custodian THE BANK OF NEW YORK MELLON NEW YORK, 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: No

ERNST & YOUNG LTD.
PCAOB 1277

Filing source

Form ADV 2060516 · Mar 20, 2026 · Schedule D 7.B.(1), fund 805-9227086188

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
Name	Reported role
Kiernan Bell	Director
Gary Carr	Director
Elizabeth Denman	Director
Brian Desmond	Director
Michael Jedraszak	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

Tangency Capital Investment Advisory Ltd Wessex House, 3 Rd Floor, 45 Reid Street
Hamilton, D0, HM12