Ils Orion Fund LTD. is a hedge fund based in Hamilton, Bermuda. According to its most recent Form D, filed May 15, 2026, the fund has sold $93,000,000 of interests to 3 investors since its first sale in Dec 2016. The minimum investment it accepts from an outside investor is $10,000,000. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Philip Cater; Thomas Dusenberry; Gary Carr.
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
- $93,000,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Dec 28, 2016
- Minimum investment
- $10,000,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Philip Cater; Thomas Dusenberry; Gary Carr
- Latest Form D
- May 15, 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 49% of the 104 hedge funds based in Bermuda, and more than 56% of all 10,157 that report sales.