Pinehurst Institutional Ltd is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Jan 27, 2026, the fund has sold $3,764,178,080 of interests to 376 investors since its first sale in Dec 2005. The minimum investment it accepts from an outside investor is $50,000. 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 Steven Carlino; Tracy Stuart; Samuel Young.
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
- $3,764,178,080Cumulative sales reported on Form D
- Investors
- 376
- First sale
- Dec 1, 2005
- Minimum investment
- $50,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Steven Carlino; Tracy Stuart; Samuel Young
- Latest Form D
- Jan 27, 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 97% of the 2,343 hedge funds based in Cayman Islands, and more than 98% of all 10,157 that report sales.