Form D · Other Investment Fund

SOUTH AFRICA ALPHA SPC on behalf of Tangible SP

Grand Cayman, E9 · CIK 0001755989

Offering snapshot reported Jun 9, 2026 · SEC filing

Reported sold: $75M
Investors reported: 4
Minimum accepted: $100K
First sale: Oct 1, 2018

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.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jun 9, 2026	Amendment	$75,000,000	$0vs Jun 26, 2025	4	SEC filing
Jun 26, 2025	Amendment	$75,000,000	$0vs Jul 23, 2024	4	SEC filing
Jul 23, 2024	Amendment	$75,000,000	$0vs Aug 21, 2023	4	SEC filing
Aug 21, 2023	Amendment	$75,000,000	$5,000,000vs Sep 2, 2022	4	SEC filing
Sep 2, 2022	Amendment	$70,000,000	$10,000,000vs Oct 8, 2021	4	SEC filing
Oct 8, 2021	Amendment	$60,000,000	$34,000,000vs Oct 27, 2020	4	SEC filing
Oct 27, 2020	Amendment	$26,000,000	$10,000,000vs Oct 21, 2019	2	SEC filing
Oct 21, 2019	Amendment	$16,000,000	$6,000,000vs Oct 18, 2018	2	SEC filing
Oct 18, 2018	Initial	$10,000,000	No comparison	2	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-323875

The total amount sold and the number of investors only reflects sales to US investors. Redemptions and/or withdrawals are not taken into consideration.

CLASS J SHARES. Lesser amount than the minimum amount reflected in Item 11 may be accepted subject to the approval of the Directors of the Issuer (as permitted by Cayman Islands Law).

Source: Form D, filed Jun 9, 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

TANGIBLE SEGREGATED PORTFOLIO

Investment adviser: SOUTH AFRICA ALPHA CAPITAL MANAGEMENT LTD.

Gross asset value: $28.9M
Beneficial owners: 12
ADV minimum commitment: $100K

Reported in Form ADV on Jun 27, 2019. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator MAITLAND ADMINISTRATION LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE GRAND CAYMAN, Cayman Islands

Custodian CREDO CAPITAL LTD LONDON, United Kingdom Related to adviser: No

Custodian INTERACTIVE BROKERS (UK) LIMITED LONDON, United Kingdom 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
PCAOB 1096

Filing source

Form ADV 1330988 · Jun 27, 2019 · Schedule D 7.B.(1), fund 805-1377523956

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
Mark Fagan	Director
Jonathan Hertz	Director
Stuart Lacey	Director
Stuart Lacy	Director
N/A South Africa Capital Management Limited	Promoter
N/A Tangible Investment Management Limited	Promoter
Maree Wilms	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

4 Th Floor Harbour Place 103 South Church Street
Grand Cayman, E9, KY1-1002