Form D · Hedge Fund

SPF HedgeFocus Fund Ltd

Grand Cayman, E9 · CIK 0001615853

Offering snapshot reported Oct 9, 2026 · SEC filing

Reported sold: $59.1M
Investors reported: 72
Minimum accepted: $100K
First sale: Jul 1, 2014

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
Oct 9, 2026	Amendment	$59,124,500	$0vs Aug 13, 2025	72	SEC filing
Aug 13, 2025	Amendment	$59,124,500	No comparison	Not reported	SEC filing
Jan 2, 2024	Amendment	$59,124,500	$0vs Jan 5, 2023	72	SEC filing
Jan 5, 2023	Amendment	$59,124,500	$0vs Nov 19, 2021	72	SEC filing
Nov 19, 2021	Amendment	$59,124,500	$500,000vs Jun 18, 2020	72	SEC filing
Jun 18, 2020	Amendment	$58,624,500	$200,000vs Jun 5, 2019	71	SEC filing
Jun 5, 2019	Amendment	$58,424,500	$538,000vs May 1, 2018	70	SEC filing
May 1, 2018	Amendment	$57,886,500	$212,000vs Apr 11, 2017	72	SEC filing
Apr 11, 2017	Amendment	$57,674,500	$9,410,500vs Sep 10, 2015	71	SEC filing
Sep 10, 2015	Amendment	$48,264,000	$7,079,000vs Jul 2, 2015	58	SEC filing
Jul 2, 2015	Amendment	$41,185,000	$24,955,000vs Aug 5, 2014	53	SEC filing
Aug 5, 2014	Initial	$16,230,000	No comparison	5	SEC filing

Offering details

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

Sales commissions: $78.2K (estimated)
Finders' fees: $0
Form D file number: 021-222320

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
ICAPITAL MARKETS LLC	118219
UBS FINANCIAL SERVICES INC.	8174
JANNEY MONTGOMERY SCOTT LLC	463
M HOLDINGS SECURITIES, INC.	43285
MORGAN STANLEY PRIVATE WEALTH MANAGEMENT, LTD	149777

Source: Form D, filed Oct 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

SPF HEDGEFOCUS FUND LTD

Investment adviser: ICAPITAL ADVISORS, LLC

Gross asset value: $20.3M
Beneficial owners: 63
ADV minimum commitment: $100K

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

Service providers

Fund administrator BANK OF NEW YORK MELLON NEW YORK, New York, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor KPMG LLP NEW YORK, New York, United States

Custodian BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No

Marketer CREDIT SUISSE GROUP AG ZURICH, Switzerland Related to adviser: No

Marketer HIGHTOWER ADVISORS, LLC CHICAGO, Illinois, United States Related to adviser: No

Marketer ICAPITAL MARKETS LLC NEW YORK, New York, United States Related to adviser: Yes

Marketer JANNEY MONTGOMERY SCOTT LLC NEW YORK, New York, United States Related to adviser: No

Marketer M HOLDINGS SECURITIES, INC. PORTLAND, Oregon, United States Related to adviser: No

Marketer MORGAN STANLEY PURCHASE, New York, United States Related to adviser: No

Marketer MORGAN STANLEY INVESTMENT MANAGEMENT INC. NEW YORK, New York, United States Related to adviser: No

Marketer OFS MCLEAN, Virginia, United States Related to adviser: No

Marketer PREMIA GLOBAL ADVISORS, LLC CORAL GABLES, Florida, United States Related to adviser: No

Marketer WEALTH PRESERVATION ADVISORS, LLC CHATTANOOGA, Tennessee, 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 LLP
PCAOB 185

HIGHTOWER ADVISORS, LLC
CRD 145323 · SEC 801-69625

ICAPITAL MARKETS LLC
CRD 118219 · SEC 8-53640

JANNEY MONTGOMERY SCOTT LLC
CRD 463 · SEC 801-7258

M HOLDINGS SECURITIES, INC.
CRD 43285 · SEC 801-57304

MORGAN STANLEY
CRD 149777 · SEC 801-70103

MORGAN STANLEY INVESTMENT MANAGEMENT INC.
CRD 110353 · SEC 801-15757

OFS
CRD 107335 · SEC 801-20076

PREMIA GLOBAL ADVISORS, LLC
CRD 282426 · SEC 801-107142

WEALTH PRESERVATION ADVISORS, LLC
CRD 167518 · SEC 801-77997

Filing source

Form ADV 2135827 · Sep 30, 2026 · Schedule D 7.B.(1), fund 805-1742800942

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
Jaques Clough	Director
Campbell Congdon	Director
N/A Credit Suisse Securities (Usa) Llc	Promoter
Eileen Duff	Director
Christopher Ebanks	Director
Sam Ellis	Director
Sabrina Foster	Director
Abali Hoilett	Director
N/A I Capital Markets Llc	Promoter
N/A I Capital Securities, Llc	Promoter
Maxine Jones	Director
Michael Mc Vicker	Executive
Peter Montgomery	Director
William Shaw	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

Maples Corporate Services Limited Ugland House, South Church Street
Grand Cayman, E9, KY1-1104