-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001019056-09-000646.txt : 20090610
<SEC-HEADER>0001019056-09-000646.hdr.sgml : 20090610
<ACCEPTANCE-DATETIME>20090609202229
ACCESSION NUMBER:		0001019056-09-000646
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090610
DATE AS OF CHANGE:		20090609
EFFECTIVENESS DATE:		20090610

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Summit Offshore Water Fund, Ltd.
		CENTRAL INDEX KEY:			0001320075
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-74689
		FILM NUMBER:		09883206

	BUSINESS ADDRESS:	
		STREET 1:		C/O SUMMIT GLOBAL MANAGEMENT, INC.
		STREET 2:		9171 TOWNE CENTRE DR, SUITE 465
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92122
		BUSINESS PHONE:		858-546-1777

	MAIL ADDRESS:	
		STREET 1:		C/O SUMMIT GLOBAL MANAGEMENT, INC.
		STREET 2:		9171 TOWNE CENTRE DR, SUITE 465
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92122

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Summit Offshore Water Fund Ltd
		DATE OF NAME CHANGE:	20050308
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0401</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001320075</cik>
        <entityName>Summit Offshore Water Fund, Ltd.</entityName>
        <issuerAddress>
            <street1>C/O Turner &amp; Roulstone Mgmt Ltd.</street1>
            <street2>90 N Church St, Strathvale House, 3rd</street2>
            <city>Grand Cayman</city>
            <stateOrCountry>E9</stateOrCountry>
            <zipCode>KY1-1102</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>858-546-1777</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>CAYMAN ISLANDS</jurisdictionOfInc>
        <entityType>Other</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2005</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <middleName></middleName>
                <lastName>Summit Global Management, Inc.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>9171 Towne Centre Drive</street1>
                <street2>Suite 465</street2>
                <city>San Diego</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92122</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Entity is the Investment Manager of the Issuer.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <middleName></middleName>
                <lastName>Dickerson</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Summit Global Management, Inc.</street1>
                <street2>9171 Towne Centre Drive, Suite 465</street2>
                <city>San Diego</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92122</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Paul</firstName>
                <middleName>Howard</middleName>
                <lastName>Ang</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Summit Global Management, Inc.</street1>
                <street2>9171 Towne Centre Drive, Suite 465</street2>
                <city>San Diego</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92122</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Aldo</firstName>
                <middleName></middleName>
                <lastName>Ghisletta</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o dms Management Ltd.</street1>
                <street2>dms House, 20 Genesis Close</street2>
                <city>Grand Cayman</city>
                <stateOrCountry>E9</stateOrCountry>
                <zipCode>KY1-1208</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <middleName></middleName>
                <lastName>Bree</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o dms Management Ltd.</street1>
                <street2>dms House, 20 Genesis Close</street2>
                <city>Grand Cayman</city>
                <stateOrCountry>E9</stateOrCountry>
                <zipCode>KY1-1208</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <middleName></middleName>
                <lastName>McIntyre</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Summit Global Management, Inc.</street1>
                <street2>9171 Towne Centre Drive, Suite 465</street2>
                <city>San Diego</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92122</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2005-02-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>2500000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Monitor Capital, LLC</recipientName>
                <recipientCRDNumber>146087</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>8 Sound Shore Dr.</street1>
                    <street2>Box 19</street2>
                    <city>Greenwich</city>
                    <stateOrCountry>CT</stateOrCountry>
                    <zipCode>06830</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AZ</state>
                    <state>CA</state>
                    <state>CO</state>
                    <state>CT</state>
                    <state>DC</state>
                    <state>FL</state>
                    <state>IL</state>
                    <state>IA</state>
                    <state>MA</state>
                    <state>NH</state>
                    <state>NJ</state>
                    <state>NY</state>
                    <state>TX</state>
                    <state>VA</state>
                    <state>WA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Scott Mibu</recipientName>
                <recipientCRDNumber>2272272</recipientCRDNumber>
                <associatedBDName>Capstone Investments</associatedBDName>
                <associatedBDCRDNumber>41400</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>12760 High Bluff Drive</street1>
                    <street2>Suite 120</street2>
                    <city>San Diego</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>92130</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AZ</state>
                    <state>CA</state>
                    <state>CO</state>
                    <state>CT</state>
                    <state>FL</state>
                    <state>HI</state>
                    <state>IL</state>
                    <state>LA</state>
                    <state>MA</state>
                    <state>MS</state>
                    <state>NV</state>
                    <state>NJ</state>
                    <state>NY</state>
                    <state>NC</state>
                    <state>OR</state>
                    <state>TX</state>
                    <state>WA</state>
                    <state>WI</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>CAPF Consulting Company</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2-2-22, Kojimachi, Chiyoda-ku</street1>
                    <city>Tokyo</city>
                    <stateOrCountry>M0</stateOrCountry>
                    <zipCode>102-0083</zipCode>
                </recipientAddress>
                <statesOfSolicitationList></statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Michael Oshiro</recipientName>
                <recipientCRDNumber>2271174</recipientCRDNumber>
                <associatedBDName>Capstone Investments</associatedBDName>
                <associatedBDCRDNumber>41400</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>12760 High Bluff Drive</street1>
                    <street2>Suite 120</street2>
                    <city>San Diego</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>92130</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AZ</state>
                    <state>CA</state>
                    <state>CO</state>
                    <state>CT</state>
                    <state>FL</state>
                    <state>HI</state>
                    <state>IL</state>
                    <state>LA</state>
                    <state>MA</state>
                    <state>MS</state>
                    <state>NJ</state>
                    <state>NY</state>
                    <state>NC</state>
                    <state>OR</state>
                    <state>PA</state>
                    <state>TX</state>
                    <state>WA</state>
                    <state>WI</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>David Sassano</recipientName>
                <recipientCRDNumber>4541302</recipientCRDNumber>
                <associatedBDName>Capstone Investments</associatedBDName>
                <associatedBDCRDNumber>41400</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>12760 High Bluff Drive</street1>
                    <street2>Suite 120</street2>
                    <city>San Diego</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>92130</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AL</state>
                    <state>AK</state>
                    <state>AZ</state>
                    <state>AR</state>
                    <state>CA</state>
                    <state>CO</state>
                    <state>CT</state>
                    <state>FL</state>
                    <state>HI</state>
                    <state>ID</state>
                    <state>IL</state>
                    <state>KY</state>
                    <state>LA</state>
                    <state>MD</state>
                    <state>MA</state>
                    <state>MI</state>
                    <state>MN</state>
                    <state>MT</state>
                    <state>NE</state>
                    <state>NV</state>
                    <state>NJ</state>
                    <state>NM</state>
                    <state>NY</state>
                    <state>NC</state>
                    <state>ND</state>
                    <state>OH</state>
                    <state>OK</state>
                    <state>OR</state>
                    <state>PA</state>
                    <state>RI</state>
                    <state>TX</state>
                    <state>VA</state>
                    <state>WA</state>
                    <state>WI</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>691600000</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>0</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>129</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>Summit Global Management, Inc.  and its affiliates receive customary management fees (based on net asset value) and performance fees and / or allocations based on limited partners' investments in the Issuer.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Summit Offshore Water Fund, Ltd.</issuerName>
                <signatureName>/s/ John Dickerson</signatureName>
                <nameOfSigner>John Dickerson</nameOfSigner>
                <signatureTitle>Director</signatureTitle>
                <signatureDate>2009-06-09</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----