World Carbon Fund, a sub fund of Ardan QIAIF ICAV, filed an amended Form D with the SEC. The Ireland-domiciled pooled investment fund is classified as a hedge fund and relies on Section 3(c)(7) of the Investment Company Act and Rule 506(b) for its exempt offering. The filing lists Thornbridge Investment Management LLP as investment manager and Carbon Cap Management LLP as investment advisor and promoter. The Form D is an amendment to a notice with a first sale date of November 1, 2021. It does not disclose strategy, assets, or revenue. For investors tracking carbon-focused funds, the main signal is that this vehicle remains active in exempt fundraising and is managed by a team with carbon in its name.
