North Reef Capital Offshore Ltd
North Reef Capital Offshore Ltd is a hedge fund based in Laguna Beach, California. According to its most recent Form D, filed Oct 23, 2025, the fund has sold $333,889,563 of interests to 44 investors since its first sale in Nov 2022. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Sophia Dilbert; James Hanna; Daniel Locasto.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to HedgeMountain directly.
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- Total raised
- $333,889,563Cumulative sales reported on Form D
- Investors
- 44
- First sale
- Nov 1, 2022
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Sophia Dilbert; James Hanna; Daniel Locasto
- Latest Form D
- Oct 23, 2025
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 83% of the 1,051 hedge funds based in California, and more than 77% of all 10,157 that report sales.