Downstream Perennial Offshore Fund Ltd
Downstream Perennial Offshore Fund Ltd is a hedge fund based in Tiburon, California. According to its most recent Form D, filed Oct 20, 2025, the fund has sold $50,946,061 of interests to 6 investors since its first sale in Mar 2019. The minimum investment it accepts from an outside investor is $1,000,000. 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 Daryl Smith; Sinead Hayes.
- Total raised
- $50,946,061Cumulative sales reported on Form D
- Investors
- 6
- First sale
- Mar 25, 2019
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Daryl Smith; Sinead Hayes
- Latest Form D
- Oct 20, 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 56% of the 1,051 hedge funds based in California, and more than 46% of all 10,157 that report sales.