India Capital Fund Ltd is a hedge fund based in Trianon, Mauritius. According to its most recent Form D, filed Mar 17, 2026, the fund has sold $431,990,525 of interests to 52 investors since its first sale in Aug 1994. The minimum investment it accepts from an outside investor is $250,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Couldip Lala; Kapil Joory; Jon Thorn.
- Total raised
- $431,990,525Cumulative sales reported on Form D
- Investors
- 52
- First sale
- Aug 1, 1994
- Minimum investment
- $250,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Couldip Lala; Kapil Joory; Jon Thorn
- Latest Form D
- Mar 17, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and HedgeMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures
Size compared with every hedge fund
Raised more than 95% of the 37 hedge funds based in Mauritius, and more than 80% of all 10,157 that report sales.