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<SEC-DOCUMENT>0001320075-10-000002.txt : 20100629
<SEC-HEADER>0001320075-10-000002.hdr.sgml : 20100629
<ACCEPTANCE-DATETIME>20100629170120
ACCESSION NUMBER:		0001320075-10-000002
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(1)
FILED AS OF DATE:		20100629
DATE AS OF CHANGE:		20100629
EFFECTIVENESS DATE:		20100629

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/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-74689
		FILM NUMBER:		10924569

	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/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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    <schemaVersion>X0704</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001320075</cik>
        <entityName>Summit Offshore Water Fund, Ltd.</entityName>
        <issuerAddress>
            <street1>C/O SUMMIT GLOBAL MANAGEMENT, INC.</street1>
            <street2>9171 TOWNE CENTRE DR, SUITE 465</street2>
            <city>SAN DIEGO</city>
            <stateOrCountry>CA</stateOrCountry>
            <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
            <zipCode>92122</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>858-546-1777</issuerPhoneNumber>
        <jurisdictionOfInc>CAYMAN ISLANDS</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>Summit Offshore Water Fund Ltd</previousName>
        </edgarPreviousNameList>
        <entityType>Other</entityType>
        <entityTypeOtherDesc>Cayman Limited Company</entityTypeOtherDesc>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2005</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <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>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>92122</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Entity is the Investment Manager of the Issuer.</relationshipClarification>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <lastName>Dickerson</lastName>
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                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>92122</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
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                <relationship>Director</relationship>
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            <relationshipClarification></relationshipClarification>
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            <relatedPersonName>
                <firstName>Paul</firstName>
                <middleName>Howard</middleName>
                <lastName>Ang</lastName>
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                <firstName>Aldo</firstName>
                <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>
                <stateOrCountryDescription>CAYMAN ISLANDS</stateOrCountryDescription>
                <zipCode>KY1-1208</zipCode>
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        <relatedPersonInfo>
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                <firstName>David</firstName>
                <lastName>Bree</lastName>
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                <street1>c/o dms Management Ltd.</street1>
                <street2>dms House, 20 Genesis Close</street2>
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                <stateOrCountryDescription>CAYMAN ISLANDS</stateOrCountryDescription>
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        <relatedPersonInfo>
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                <street2>9171 Towne Centre Drive, Suite 465</street2>
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                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>92122</zipCode>
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            <relatedPersonRelationshipList>
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    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
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                <is40Act>false</is40Act>
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        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
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        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.1</item>
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        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001019056-09-000646</previousAccessionNumber>
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            <dateOfFirstSale>
                <value>2005-02-01</value>
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        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
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        <minimumInvestmentAccepted>50000</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>
                    <stateOrCountryDescription>CONNECTICUT</stateOrCountryDescription>
                    <zipCode>06830</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>NH</state>
                    <description>NEW HAMPSHIRE</description>
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                    <state>CO</state>
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                    <description>FLORIDA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <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>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92130</zipCode>
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                <statesOfSolicitationList>
                    <state>MS</state>
                    <description>MISSISSIPPI</description>
                    <state>NC</state>
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                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>CA</state>
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            <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>
                    <stateOrCountryDescription>JAPAN</stateOrCountryDescription>
                    <zipCode>102-0083</zipCode>
                </recipientAddress>
                <statesOfSolicitationList></statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
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            <recipient>
                <recipientName>Michael Oshiro</recipientName>
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                <associatedBDName>Capstone Investments</associatedBDName>
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                    <state>ID</state>
                    <description>IDAHO</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Robert Steiner</recipientName>
                <recipientCRDNumber>5341764</recipientCRDNumber>
                <associatedBDName>Growth Capital Services</associatedBDName>
                <associatedBDCRDNumber>124658</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>582 Market Street</street1>
                    <street2>Suite 1503</street2>
                    <city>San Francisco</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>94104</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>699198000</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>0</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>137</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>1195200</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>Fees paid for the life of the fund (estimate)</clarificationOfResponse>
        </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>
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        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
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                <issuerName>Summit Offshore Water Fund, Ltd.</issuerName>
                <signatureName>/s/ John Dickerson</signatureName>
                <nameOfSigner>John Dickerson</nameOfSigner>
                <signatureTitle>Director</signatureTitle>
                <signatureDate>2010-06-29</signatureDate>
            </signature>
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