HedgeMountain

iCapital - Millennium Drawdown Fund, Ltd.

New York, NY · CIK 1891916

iCapital - Millennium Drawdown Fund, Ltd. is a hedge fund based in New York, New York. According to its most recent Form D, filed Dec 9, 2025, the fund has sold $67,269,138 of interests to 212 investors since its first sale in Oct 2021. 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 Icapital Advisors, LLC; Max Schwartz.

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
$67,269,138Cumulative sales reported on Form D
Investors
212
First sale
Oct 1, 2021
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
Icapital Advisors, LLC; Max Schwartz
Latest Form D
Dec 9, 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 47% of the 2,479 hedge funds based in New York, and more than 50% of all 10,157 that report sales.

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