Form D · Hedge Fund
Capula Tactical Macro Fund Ltd
Grand Cayman, E9 · CIK 0001838327
Offering snapshot reported Dec 19, 2025 · SEC filing
- Reported sold
- $960M Indefinite offering
- Investors reported
- 49 Form D · investor count
- Minimum accepted
- $100K Reported outside-investor minimum
- First sale
- Dec 14, 2020 As reported in this filing
Fundraising history
Reported soldDates 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$829,285,186 → $959,985,186
- Reported investors38 → 49
Filing history
Scroll to see all columns →
| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Dec 19, 2025 | Amendment | $959,985,186 | $130,700,000vs Dec 20, 2024 | 49 | SEC filing |
| Dec 20, 2024 | Amendment | $829,285,186 | $64,389,107vs Dec 20, 2023 | 38 | SEC filing |
| Dec 20, 2023 | Amendment | $764,896,079 | $175,900,000vs Dec 20, 2022 | 37 | SEC filing |
| Dec 20, 2022 | Amendment | $588,996,079 | $72,370,736vs Dec 27, 2021 | 38 | SEC filing |
| Dec 27, 2021 | Amendment | $516,625,343 | $516,375,343vs Jan 19, 2021 | 33 | SEC filing |
| Jan 19, 2021 | Initial | $250,000 | No comparison | 1 | 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 (estimated)
- Finders' fees
- $0 (estimated)
- Form D file number
- 021-386665
Source: Form D, filed Dec 19, 2025. Minimum accepted may differ from a standard advertised minimum.
Fund connections
Each card uses that adviser's latest imported filing. Filing dates can differ; these disclosures do not confirm a current relationship.
Matched by reported Form D file number
CAPULA TACTICAL MACRO MASTER FUND LIMITED
Investment adviser: CAPULA INVESTMENT MANAGEMENT LLP
- Gross asset value
- $27B
- Beneficial owners
- 77
- ADV minimum commitment
- $5M
Reported in Form ADV on Jun 12, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.
Service providers
See filing for more → Showing the first 6 providers by role and name. IAPD may show a newer filing.
Provider details
- Annual audit
- Yes
- Prime brokers
- Yes
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- Yes
ERNST & YOUNG LTD.
PCAOB 1655
BARCLAYS BANK PLC
LEI G5GSEF7VJP5I7OUK5573
BARCLAYS CAPITAL INC.
LEI AC28XWWI3WIBK2824319
BOFA SECURITIES, INC.
SEC 8-69787
Fund asset history · 5 annual observations
Scroll to see all columns →
| Fiscal year | Gross assets | Beneficial owners | ADV filed |
|---|---|---|---|
| 2022 | $19,858,317,587 | 165 | Jun 29, 2022 |
| 2023 | $26,166,545,368 | 223 | Jun 29, 2023 |
| 2024 | $47,900,013,364 | 208 | Jun 27, 2024 |
| 2025 | $24,161,772,309 | 74 | Jun 30, 2025 |
| 2026 | $27,006,481,454 | 77 | Jun 12, 2026 |
Filing source
Form ADV 2106679 · Jun 12, 2026 · Schedule D 7.B.(1), fund 805-4981722839
Reported by CAPULA INVESTMENT MANAGEMENT LLP (CRD 163364).
Annual Updating Amendment ERA Report · fiscal year 2026.
Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; 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.
| Name | Reported role |
|---|---|
| Roisin Addlestone | Director |
| Henning Bruder | Director |
| Capula Investment Japan Limited | Executive |
| Capula Investment Management Asia Limited | Executive |
| Capula Investment Management Llp | Executive |
| Capula Investment Us Lp | Executive |
| Capula Management Limited | Executive |
| Julie Hughes | Director |
| Glen Wigney | Director |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:Grand Cayman, E9, KY1-1104
Phone: 345-949-8055