Insights

In-depth reads on the filings that matter. Written for allocators, not auditors.

Insights  ·  May 29, 2026

BFAM Asian Opportunities Raises $918M as Rebuilding Gains Momentum

BFAM Partners, the Hong Kong-based hedge fund founder by Benjamin Fuchs, filed for $918M in a new Asian Opportunities Fund offering under Rule 506(b) exemption. The raise signals a strategic recapitalization of the multi-strategy platform after years of redemptions and portfolio repositioning.

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Insights  ·  May 29, 2026

Lighthouse Files $135M Aggressive Growth Fund as Fortress Merger Reshapes Platform

Lighthouse Investment Partners has filed a $135M Form D for its Aggressive Growth Fund, an amendment filing with no prior EDGAR history that signals either a new dedicated vehicle or a restart after market softness. The timing comes as the firm integrates its January 2025 multistrategy hedge fund merger with Fortress Investment Group.

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Insights  ·  May 29, 2026

Lighthouse Strategies Files $1.1B Asian Compass Hedge Fund as LPs Rotate Back to Asia

Lighthouse Investment Partners filed a Form D for its Asian Compass Segregated Portfolio seeking $1.1B in May 2026, signaling renewed institutional appetite for Asia-focused hedge strategies amid a sharp rebound in allocator demand for the region.

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Insights  ·  May 29, 2026

GCM Grosvenor Launches $302M NYC Emerging Manager Fund as LP Demand Rebounds

GCM Grosvenor filed an emerging OFI manager vehicle for $302M on Form D, signaling expansion of its seeding strategy beyond the $800M Elevate Fund. The move capitalizes on LP appetite to diversify away from mega-fund concentration.

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Insights  ·  May 29, 2026

Lighthouse Launches $828M Long/Short Fund as Allocators Embrace Equity Hedging

Lighthouse Investment Partners has filed an amendment to its Lighthouse Global Long/Short Fund, L.P. for an $828M offering, marking the firm's inaugural SEC-registered dedicated long/short strategy. The raise aligns with strong 2025-26 performance in equity long/short mandates and LP rotation toward liquid alternatives.

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Insights  ·  May 29, 2026

Squarepoint Raises $1.8B for Focus International Feeder as Quant Demand Surges

Squarepoint Capital filed a $1.774B Form D amendment for its Focus International Feeder strategy, signaling mid-raise refinement or extension in a market where allocators are gravitating toward proven quant managers. The distributed eight-GP structure spans US, UK, and Middle East hubs.

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Insights  ·  May 29, 2026

Emergent Strategic Partners Launches $15M Fund with GIC as Matched Investor

Emergent Strategic Partners filed a $15M Form D for a new private equity vehicle on May 27, marking the firm's entry into formal fund management. GIC's participation signals interest, but the sub-$15M raise and single-GP structure raise key questions about capacity and LP protections.

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Insights  ·  May 29, 2026

Two Bear Capital Files $123M Fund II as Goguen Scales After Sequoia Pedigree

Michael Goguen's Two Bear Capital amended its Fund II filing for $123M in early-stage venture, signaling a successor-fund close after Fund I deployed capital across biotech, AI, and cybersecurity. The May 2026 filing marks the first SEC record of this series and suggests Goguen is building institutional scale beyond his 20-year Sequoia tenure.

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Insights  ·  May 29, 2026

Lighthouse-Backed Penglai Peak Launches $258M Japan Hedge Fund Offshore Vehicle

Lighthouse Investment Partners is raising $258M for Penglai Peak Offshore Fund, a Japan-focused multi-manager vehicle filed as an amendment in May 2026. The move signals confidence in Japan's resurgent hedge fund market while expanding the platform's LP infrastructure across onshore and offshore structures.

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Insights  ·  May 29, 2026

Lighthouse Investment Partners Files $154M Long/Short Fund Amid LP Rotation Away from Mega-Cap Tech

The established alternative manager filed a Form D amendment for Lighthouse SRI Global Long/Short Fund Ltd with a $154M offering, signaling consolidation of legacy capital into a hedged equity mandate as allocators seek protection from market concentration risk.

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Insights  ·  May 29, 2026

Lighthouse's Mission Crest Raises $147M as Macro Volatility Drives Allocator Rush

Mission Crest Macro Dynamic Fund, the Lighthouse Investment Partners macro subsidiary, filed a Form D/A amendment for a $147M offering in May 2026. The filing signals either a material reset to target size, fee restructuring, or GP partnership changes as the firm capitalizes on allocator demand for macro strategies amid geopolitical and policy uncertainty.

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Insights  ·  May 29, 2026

Lighthouse Opportunities Fund Raises $428M as Hedge Fund Inflows Accelerate

An amendment filing for Lighthouse Opportunities Fund LP reveals a $428M hedge fund targeting allocation capital as 64% of institutional investors plan to boost hedge fund exposure in 2026. The 06b exemption signals a newly formalized manager capitalizing on unprecedented allocator appetite.

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Insights  ·  May 29, 2026

Medalist Partners Harvest Fund Amends $550M Raise as Structured Credit Appetite Widens

Medalist Partners amended its Harvest Fund Form D on May 28, targeting $550M as the structured credit manager laps oversubscribed fundraising from a year prior. The filing reflects both a capital refresh and a rebranding from the legacy Candlewood entity.

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Insights  ·  May 29, 2026

Man Risk Premia Files $3.8B U.S. Offshore Fund as ARP Inflows Dry Up

Man Group files a $3.8 billion capital raise for a segregated portfolio alternative risk premia strategy, entering a market where institutional allocators are pulling back. The May 2026 amendment signals either upsized demand or restructured terms for a systematic strategy facing crowding and modest performance.

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Insights  ·  May 29, 2026

Citadel Wellington $16.3B Amendment Signals Post-2025 Capital Reallocation Push

Citadel Wellington LLC filed an amended Form D for a $16.3 billion offering mid-raise, coinciding with LP capital recycling after Wellington's 10.2% 2025 return. The amendment structure and timing point to either expanded targets or restructured capital commitments as Griffin locks institutional capital before Q3 allocation decisions.

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Insights  ·  May 29, 2026

CC&L Raises $431M US Equity Extension Fund as Quantitative Managers Hunker Down

Connor, Clark & Lunn filed a $431M amendment for its US equity extension fund on May 28, signaling a strategic capital raise for a manager consolidating client allocations rather than expanding its LP base.

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Insights  ·  May 29, 2026

Newpath Partners Files $300M Life Sciences Fund IV as Biotech Exits Accelerate

Newpath Partners GP IV has filed for a $300M venture raise on a 506(b) basis, signaling another deployment cycle for the Boston-based life sciences specialist founded by physician-scientist Tom Cahill. This marks the firm's fourth fund vehicle in its eight-year operating history.

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Insights  ·  May 29, 2026

Nineteen77 Multi-Strategy Files $1.37B as Cantor Fitzgerald Integration Accelerates

O'Connor's rebranded multi-strategy platform files a $1.371B Form D amendment as it consolidates under Cantor Fitzgerald ownership. The move signals aggressive capacity deployment in a market where allocators are flooding multi-strategy funds with fresh capital.

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Insights  ·  May 29, 2026

GMO Equity Dislocation Fund Amends $2.7B Offering as Value Spreads Widen

GMO is amending its Form D filing for a $2.7B hedge fund focused on value-growth dislocations, signaling mid-cycle refinements to terms or LP eligibility as the environment becomes increasingly favorable for active dislocation strategies. The timing reflects both GMO's established equity dislocation expertise and broader market conditions favoring managers who can exploit price dislocations.

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Insights  ·  May 29, 2026

MLG Capital Files $938M Amendment for Legacy Fund as Real Estate Exits Accelerate

MLG Legacy Fund LLC, the tax-deferred exit vehicle for commercial real estate owners managed by 38-year veteran MLG Capital, filed an amended Form D for $938M in May 2026. The raise targets property owners seeking capital gains deferral in a market where disposition pressure is mounting.

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Insights  ·  May 29, 2026

Tribe Capital Files $120M AI Fund VII as Data-Driven VC Doubles Down on AI

Tribe Capital, the data-science-powered venture firm, filed a $120M Series VII AI fund on May 28, signaling continued dominance in quantitative early-stage investing. The seven-figure successor fund follows the firm's $150M close of Fund IV in September 2025.

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Insights  ·  May 29, 2026

Two Sigma Real Estate Closes VI with $75M as Data-First Manager Deepens Fund Series

Two Sigma Real Estate filed for its sixth vintage with a $75M target, doubling down on external capital after registering as an adviser in 2024. The timing signals LP appetite for data-driven real estate in a market beginning to recover from extended stress.

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Insights  ·  May 29, 2026

Mercer Raises $18B Corporate Credit Vehicle as LPs Rotate Into Fixed Income

Mercer Investments LLC filed a $17.96B amendment to its Active Long Corporate Investment Portfolio, signaling aggressive fundraising in the corporate credit space exactly one year after its prior raise. The timing captures renewed institutional appetite for yielding assets after refinancing stress.

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Insights  ·  May 29, 2026

GMO Capital Files $350M Hedge Fund as Value Thesis Gains Traction in Q2

Grantham Mayo van Otterloo's newly registered Capital Investment Solutions Fund launched a $350M hedge fund offering via Form D amendment, signaling execution on a closed-network raise strategy with eight named GPs. The May filing reflects GMO's push into hedge structures despite its institutional client base traditionally accessing multi-asset strategies through mutual funds and separately managed accounts.

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Insights  ·  May 29, 2026

MLG Capital Files Fund VII Amendment at 25% of Target as Rate Pressures Reshape HNW Demand

MLG Capital's Form D amendment on its $400M Fund VII—filed 3 months after initial launch at just $100M raised—suggests softer LP appetite for eighth-generation real estate vehicles amid elevated borrowing costs. The filing reveals an eight-person GP roster replacing prior single-principal structures, signaling leadership transition as the firm courts new investor bases.

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Insights  ·  May 29, 2026

O'Connor Closes $684M Global Multi-Strategy Raise as Cantor Transition Nears Final Close

O'Connor Global Multi-Strategy Alpha Ltd filed a $684M Form D amendment in May 2026, marking capital activity as the platform completes its transition from UBS to Cantor Fitzgerald. The offshore structure and five-manager architecture signal continued momentum in multi-strategy alternatives amid market volatility.

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Insights  ·  May 29, 2026

Neuberger Berman Files $32M CLO Evergreen Fund as Secondary Market Softens Valuations

Neuberger Berman launched a dedicated CLO secondary strategy filing, tapping into a normalized valuation environment and LP demand for yield-bearing fixed-income vehicles. The dual GP structure isolates advisory and governance functions—a signal that the firm is building compartmentalized infrastructure for deeper CLO specialization.

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Insights  ·  May 29, 2026

Citadel Kensington Raises $26.2B as Multi-Strategy Titans Lock Capital

Citadel Kensington Global Strategies Fund Ltd. filed a $26.2B amendment raise on May 28, signaling aggressive capital deployment despite the firm's $5B profit distribution just months earlier. The timing reflects LP appetite for mega-platform hedge funds in a volatility-rich 2026 market.

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Insights  ·  May 29, 2026

TPG Partners X Files $0M Placeholder as Flagship Buyout Vehicle Takes Shape

TPG's May 2026 Form D filing for Partners X (C), L.P. is a placeholder filing signaling structured multi-tranche capital raising for the firm's 10th flagship buyout fund targeting $13 billion. The lettered share class and distributed GP structure point to sophisticated LP segmentation by geography or investor profile.

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Insights  ·  May 29, 2026

Citadel Tactical Trading Files $1.24B as Quant Strategies Deliver 18%+ Returns

Citadel Tactical Trading LLC amended its Form D on May 28 for a $1.24B offering, marking the fund's annual refresh cycle at a moment when its quant-heavy strategy is delivering outsized returns in volatile markets. The timing signals Griffin's confidence in a tactical trading environment where dislocations reward short-term positioning.

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Insights  ·  May 29, 2026

Bain Capital Targets $426M Structured Credit Fund as LP Appetite Peaks

Bain Capital filed Form D for a $426M Structured Credit Fund closed to pre-existing relationships, signaling a specialized credit vehicle distinct from its mainstream private credit platform. The filing marks the firm's latest move to capture institutional demand for higher-yielding credit strategies in a refinancing cycle.

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Insights  ·  May 29, 2026

FICG-GM-I Fund Files $787M Amendment as Hedge Fund Inflows Hit 20-Year High

A newly-surfaced hedge fund amendment signals either a first-time SEC filing or a GP entity reshuffle—and raises questions about whether FICG-GM-I represents a genuine new manager or a restructured platform capitalizing on 2026's record allocation demand.

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Insights  ·  May 29, 2026

O'Connor Global Multi-Strategy Alpha WM II Files $648M Follow-On as Cantor Completes First Close

O'Connor's multi-strategy hedge fund launches a $648M Series II continuation vehicle weeks after Cantor Fitzgerald's acquisition of the platform from UBS reaches first close. The timing and structural details reveal LP rebalancing pressure and careful term resets during a critical transition period.

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Insights  ·  May 29, 2026

TIG Arbitrage Enhanced Raises $534M as M&A Pipeline Energizes Event Arbitrage

TIG Advisors' arbitrage fund filed for a $534M raise in May, tapping renewed LP appetite for merger-focused strategies amid elevated M&A activity. The dual-GP amendment signals governance restructuring that LPs need to clarify before committing.

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Insights  ·  May 29, 2026

GMO Taps $1.06B Offshore Equity Dislocation Vehicle as Value-Growth Spread Widens

Boston-based GMO files its first offshore Equity Dislocation fund with $1.06B in a 06b exemption raise, signaling a closed LP base and continuation vehicle rather than new manager platform. The timing captures a market environment where dispersion and mispricing between value and growth equities remain at historically elevated levels.

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Insights  ·  May 29, 2026

FXFUNDS LTD Files $100M Offshore Raise as Foreign Manager Tests U.S. LP Channels

An uncharted offshore fund manager filed a $100M Form D under Exemption 04, signaling entry into U.S. institutional markets with no prior EDGAR history. The structure and timing raise key questions about operational experience and LP protection.

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Insights  ·  May 29, 2026

Pharmakon's BioPharma Credit Fund V Targets $1.59B as Credit Appetite Endures

Pharmakon Advisors filed a $1.59B amendment for BioPharma Credit Investments V, the fifth vintage in an established life sciences credit platform. The mid-2026 timing signals sustained LP demand for secured debt returns as early-stage biotech equity funding stalls.

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Insights  ·  May 29, 2026

Callodine Capital Files $305M Hedge Fund Amid Post-Correction Rebalance

James Morrow's Callodine Capital filed a Form D for $305M targeting hedge fund investors via an amended filing filed May 28. The structure and timing signal active LP deployment during mid-year reallocation cycles.

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Insights  ·  May 29, 2026

Citadel Files $850M Equity Fund Amendment as Multi-Strategy Rivals Gain Ground

Citadel Equities Fund Ltd. filed a Form D amendment for $850M capital, marking mid-2026 restructuring activity within the firm's established equities strategy. The three-GP structure and amendment status signal LP consent to material terms changes rather than a debut raise.

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Insights  ·  May 28, 2026

Lighthouse Investment Partners Files $986M Follow-On Fund Amid Hedge Fund Momentum

Lighthouse Diversified Fund QP II raised $986M in an amendment filing May 2026, marking a significant second vintage for the $15.4B Palm Beach manager. The filing signals LP confidence in diversified hedge strategies as allocators increasingly shift capital into multi-strategy vehicles positioned to navigate macro volatility.

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Insights  ·  May 28, 2026

Lighthouse Diversified Fund Files $7B Amendment as Mega-Funds Close to Capital

Lighthouse Investment Partners amended its Diversified Fund filing for nearly $7B, signaling structural changes and late LP commitments in a market where mega-funds close quickly. The move reflects LP pressure to lock commitments before year-end capital calls.

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Insights  ·  May 28, 2026

Davidson Kempner Files $13.6B Institutional Raise Amid Governance Turbulence

The $36B+ multi-strategy hedge fund disclosed a $13.6B offering for Davidson Kempner Institutional Partners on May 27, citing a closed-door 06b exemption raise—just two weeks after internal turmoil erupted over CIO Yoseloff's governance practices.

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Insights  ·  May 28, 2026

Elemental AI Growth X LP Files $200M Successor Fund as Portfolio Deepens

Elemental AI Growth X GP LLC launched a $200M venture fund on May 27, signaling portfolio expansion while at least three other vehicles remain active. The filing reveals a manager operating concurrent funds rather than sequential vintages—a structure that warrants LP scrutiny on commitment rights and GP allocation.

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Insights  ·  May 28, 2026

Strategy Capital Raises $739M as Tech Hedge Funds Capitalize on Institutional Appetite

Strategy Capital Institutional Investors LP filed for a $739M institutional hedge fund raise in May 2026, marking the tech-focused manager's formal entry into SEC-registered fundraising. The timing aligns with a strong institutional inflow cycle driven by hedge fund outperformance and portfolio rebalancing away from illiquid alternatives.

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Insights  ·  May 28, 2026

HighVista Raises $332M Hedge Fund Amid Post-Performance Rally

HighVista Strategies files Form D for $332M hedge fund as industry enters strongest fundraising cycle in years. Filing structure raises questions about GP consolidation and operational continuity for the $11B alternative manager.

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Insights  ·  May 28, 2026

HighVista's $482M Offshore Raise Signals Steady LP Appetite for Multi-Strategy Hedge Funds

HighVista Strategies filed a Form D amendment for $482M in capital for its flagship HighVista (Offshore) Ltd. hedge fund. The filing reflects predictable capital deployment from an established $10B Boston manager navigating Q2 rebalancing cycles.

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Insights  ·  May 28, 2026

Mission Crest Revises Macro Fund Target to $679M as Allocators Flock to Discretionary Macro

Lighthouse subsidiary Mission Crest Capital files amended Form D for $679M macro fund after five years of quietly building AUM. Filing signals renewed institutional appetite for discretionary macro amid geopolitical fragmentation.

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Insights  ·  May 28, 2026

Lighthouse Files $720M Multi-Strategy Fund as Allocators Rush Hedge Funds

The offshore entity Lighthouse Multi-Strategy Fund Ltd filed for a $720M offering on May 27, 2026, with five named GPs in a multi-manager structure. The timing capitalizes on record allocator demand for multi-strategy hedge funds amid volatile macro conditions.

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Insights  ·  May 28, 2026

Blue Owl Files $162M Unlevered First-Lien Fund as Private Credit Bifurcates

Blue Owl launched a second vintage of its First Lien Fund in unlevered form, signaling a strategic pivot toward LP capital bases that reject leverage or demand pure first-lien exposure. The $162M raise lands in a market where private credit quality is bifurcating and institutional capital is rotating toward defensible, origination-led platforms.

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Insights  ·  May 28, 2026

Lighthouse Investment Partners Files $1.15B Opportunities Fund with Multi-GP Structure

Lighthouse Investment Partners launched an amendment to Lighthouse Opportunities Fund Ltd, a $1.154B offshore hedge fund featuring a distributed five-GP management model. The move signals a reorientation toward specialized deal sourcing rather than core multi-manager platforms.

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Insights  ·  May 28, 2026

Cadence ABM Raises $3M as Micro-Cap Emerging Managers Boot-Strap Off Pre-Existing Relationships

Cadence ABM LLC filed a $3M Form D on May 28, using the 06b exemption for accredited investors only—a classic friends-and-family raise masquerading as an institutional fund. The four-GP structure and debut EDGAR filing signal first-time formalization, not institutional scalability.

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Insights  ·  May 28, 2026

RCP Advisors Pushes $500M Fund XX as Small Buyout Market Tightens

RCP Advisors filed an amendment to RCP Fund XX in May 2026, targeting $500M for North American lower-middle-market fund-of-funds. With 56% already committed before formal SEC notification, the filing signals pre-marketed momentum in a strategy that has deployed $17B+ in capital across two decades.

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Insights  ·  May 28, 2026

GMF Group Files Fund III as MHC Consolidators Scale to $150M

GMF Group, the Palm Beach-based manufactured housing investor led by Monfried and Forssman, is raising $150M for a third vintage. The filing signals institutional confidence in a strategy that has already deployed $250M across 43 communities.

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Insights  ·  May 28, 2026

Maroon Pass Opportunities Files $124M Series Ouray as Advisors Expand Fund Menu

Maroon Pass Opportunities LLC has filed a $124M Series Ouray under Reg D exemption 06b, signaling continued growth for the boutique fund-advisory platform. The use of a named series structure and relationship-based exemption suggests a shift into new asset classes or a continuation vehicle for existing LP capital.

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Insights  ·  May 28, 2026

Pleiad Asia Onshore Feeder Files $545M as Hong Kong Hedge Fund Managers Compete for U.S. Capital

Pleiad Investment Advisors, the 12-year-old Hong Kong equity hedge fund managing $1.3B+ in AUM, filed a $545M Form D for its Onshore Feeder on May 26, signaling an expansion into U.S. investor networks. The filing arrives as Asia-focused managers face intensifying competition for offshore capital allocation.

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Insights  ·  May 28, 2026

iCapital-HPS Raises $431M for Offshore Corporate Lending as Bank Syndications Rebound

The iCapital-HPS Corporate Lending Offshore Access Fund SPC filed for $431 million—a 5x scale-up from a prior $81.9 million raise—leveraging an offshore structure to tap non-US capital amid tightening spreads in direct lending.

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Insights  ·  May 28, 2026

Amazon Market Neutral Fund Raises $176M as Equity Dispersion Powers 2026 Hedge Fund Boom

A newly-formed market-neutral hedge fund with two GPs filed for $176M under exemption 06b, signaling either a spin-out from established platform or de novo launch. The timing aligns with institutional demand for non-directional strategies amid elevated equity volatility and sector-wide dispersion.

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Insights  ·  May 28, 2026

Keensight Files $538M Spark II as Healthcare Growth Strategy Scales

Keensight Capital filed an amended Form D for Keensight Spark II SLP seeking $538M, its sophomore healthcare-focused growth buyout vehicle. The May amendment signals post-submission term adjustments typical of established managers mid-fundraise.

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Insights  ·  May 28, 2026

RCP Advisors Files $500M for Fund XX as LMM Consolidation Accelerates

RCP Advisors, the Chicago-based lower middle-market fund-of-funds specialist, filed a $500M Form D amendment for RCP Fund XX Cayman Feeder on May 26, 2026. The raise signals continued institutional momentum behind the firm's 25-year track record despite a crowded fundraising environment.

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Insights  ·  May 28, 2026

Maewyn XRN LP: Fitzgerald's Debut Fund Seeks $100M in Selective Market

Maewyn XRN LP filed a Form D seeking $100 million with just 22% already committed five months into fundraising. The filing reveals Charles Fitzgerald's newly-minted firm operating independently outside institutional scaffolding—a significant operational and strategic bet in an environment where LPs reward only proven track records.

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Insights  ·  May 28, 2026

Ares Amends $602M Direct Finance Fund Amid Fresh Direct Lending Push

Ares Direct Finance I LP filed a Form D amendment on May 26, raising the profile of its direct lending efforts as the firm launches SDL IV targeting $20B. The move signals Ares is rapidly deploying a multi-vehicle strategy across credit tiers.

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Insights  ·  May 28, 2026

Circadian Ventures Files $16M Fund II as ADIA Signals Expanded Seed-Stage Exposure

Circadian Ventures, an Atlanta-based early-stage VC launched in 2020, filed its second fund at $16M in May 2026—a controlled expansion from Fund I's $17.1M raise. The filing signals micro-cap venture appetite persists even as mega-fund capital dominates the AI narrative.

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Insights  ·  May 28, 2026

Pleiad Files $770M Asia Offshore Feeder as Managers Tap LP Appetite for Regional Growth

Pleiad Investment Management, the 12-year-old Hong Kong hedge fund founded by ex-Soros partners, filed a $770M offshore feeder vehicle on Form D this week. The amendment filing signals the manager is scaling its master-fund structure as central bank cycles stabilize and US institutional capital seeks Asia exposure.

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Insights  ·  May 28, 2026

W&D Debt Fund Files $800M Amendment as RE Debt Rally Stalls

Walker & Dunlop Investment Partners amended its Form D filing for W&D Debt Fund LP on May 26, raising the target to $800M—a 60% increase from its initial $500M cap filed five months earlier. With only $272M raised as of filing, the flat equity raise and quick amendment signal LP caution in a challenged direct lending fundraising environment.

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Insights  ·  May 28, 2026

Sound Point Scales Credit Opportunities with $648M Amendment Filing

Sound Point Capital Management files Form D amendment for $648M Credit Opportunities fund as the $45B manager pushes deeper into private credit. The filing signals LP rebalancing timing in mid-2026 credit markets.

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Insights  ·  May 28, 2026

Temple Capital Raises $154M as Crypto Quant Strategy Scales Beyond $100M AUM

Temple Capital Master Fund, L.P., a systematic crypto volatility fund founded in 2017, filed for a $154M capital raise on May 26, 2026—its largest offering to date. The move signals accelerated institutional capital deployment as the manager scales a zero-beta trading strategy beyond the $100M AUM milestone.

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Insights  ·  May 28, 2026

Madison Equipment Fund Files $100M Raise as Independent Deployment Surge Reshapes Market

Madison Equipment Manager closes its debut fund at $100M using a lean GP structure and an exemption favoring first-time managers. The timing capitalizes on peak equipment finance demand and a market fragmentation favoring independent originators over legacy players.

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Insights  ·  May 28, 2026

Ambrus Volatility Fund Closes $608M as Tail Risk Demand Surges

Ambrus Volatility Fund L.P., a carry-neutral tail risk hedge fund backed by accomplished derivatives traders, filed an amended Form D to raise $608M. The timing signals momentum in a market where allocators are rapidly deploying capital into specialized volatility strategies amid elevated geopolitical uncertainty.

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Insights  ·  May 28, 2026

Lexcor Feeder Fund Raises $115M as London Hedge Shop Expands Via 506(b)

Lexcor Capital, a London-based European long/short equity manager, filed Form D on Lexcor Feeder Fund targeting $115M in fresh capital. The feeder structure funnels into an undisclosed master fund, a tactic that signals either LP segmentation or prolonged commitment challenges in a tightening hedge fund landscape.

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Insights  ·  May 28, 2026

Thomist Capital Files $153M Amendment as Energy Hedge Fund Pursues Growth

Thomist Capital's May 2026 Form D amendment signals a material shift in fundraising terms for its energy and industrials hedge fund. The filing comes as the Houston-based manager, founded in 2018 with Citadel pedigree, advances its market-neutral strategy amid volatile commodity markets.

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Insights  ·  May 28, 2026

Conifer Infrastructure Files $165M Fund as Energy Transition Demand Escalates

Nick Stork's Conifer Infrastructure Partners amended its fund offering to $165M in May 2026, signaling a rebound from a January raise that pulled in $97M. The filing reveals multi-entity GP structure and reliance on dark capital—raising questions about team depth beneath the founder.

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Insights  ·  May 28, 2026

KKR Files $14.1B Diversified Core Infrastructure Fund Amid LP Dry Powder Surge

KKR registered a $14.1 billion offering for its Diversified Core Infrastructure Fund (SBS) L.P., signaling another expansion of its $95B+ infrastructure platform during peak LP appetite for stabilizing core assets. The filing through a dual Luxembourg structure indicates the firm's continued push to consolidate institutional and sovereign wealth capital across multiple jurisdictions.

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Insights  ·  May 28, 2026

Capstone Global Files $2.2B Offshore Hedge Fund as Volatility Demand Peaks

Capstone Investment Advisors amended its Form D filing for Capstone Global (Offshore) Ltd., a $2.185 billion hedge fund domiciled in the Cayman Islands. The May 2026 amendment in a volatility-elevated environment signals LP appetite for derivatives strategies and offshore structures designed to optimize tax positioning.

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Insights  ·  May 28, 2026

WCV II Files $400M as Founder-Led Venture Manager Goes Institutional

WCV GP II filed a $400M Series II venture fund on May 21, targeting deployment in H2 2026 and into 2027. The filing raises questions about the GP's prior fund track record and whether earlier syndicate activity operated outside SEC filing requirements.

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Insights  ·  May 28, 2026

Strait Capital LP Raises $100M Latin America Fund as Emerging Manager Enters SEC Universe

Strait Capital LP filed for a $100M raise targeting growth investments across Latin America's trade and supply chain infrastructure. The single-GP structure under Dariens Financial signals a newly formed or independent manager making its institutional fundraising debut under SEC oversight.

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Insights  ·  May 28, 2026

Franklin Templeton Launches $702M Value-Add Social Infrastructure Fund on RAIF Structure

Franklin Templeton filed a 3C.7 exemption vehicle for a €700M+ dedicated social infrastructure fund with Luxembourg RAIF domicile and a distributed GP model. The timing signals institutional demand for ESG-labelled infrastructure as public-private partnerships stabilize post-pandemic.

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Insights  ·  May 28, 2026

General Catalyst Files GC Venture XII as $10B Mega-Fund Talks Heat Up

GC Venture XII (A-IV) surfaces on Form D as a $0 placeholder filing—a tactical hold while Hemant Taneja's firm negotiates final capitalization for what sources say could be a $10B deployment. The fourth vintage in this series signals an established pattern.

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Insights  ·  May 28, 2026

Capstone Global Files $1.47B Hedge Fund as Volatility Strategies Draw Capital

Paul Britton's Capstone Investment Advisors has filed a $1.474B Form D for Capstone Global (US), LP, marking continued momentum for the volatility-focused shop as macro uncertainty sustains demand for derivatives-based strategies. The filing follows an amendment in May 2026, signaling aggressive capital deployment during a favorable fundraising window.

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Insights  ·  May 25, 2026

MetLife Files $960M Senior Direct Lending II Amendment as Credit Markets Stabilize

MetLife Senior Direct Lending II Rated Fund amended its offering to $960M on May 22, 2026—a continuation-fund maneuver signaling lead commitments have arrived before final close. The filing confirms MetLife Investment Management's captive credit strategy prioritizes balance-sheet flexibility and internal deal sourcing over third-party sourcing.

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Insights  ·  May 25, 2026

Flagship Healthcare Trust Files $500M REIT Raise as Outpatient Consolidation Accelerates

Flagship Healthcare Properties filed a $500M offering for Flagship Healthcare Trust, its private REIT focused on outpatient healthcare real estate, via Form D amendment on May 22, 2026. The timing aligns with renewed momentum in healthcare consolidation and LP appetite for defensible, income-yielding assets amid policy uncertainty.

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Insights  ·  May 25, 2026

Avenir Growth Files $600M VI Fund as AI-Enabled Companies Accelerate Exits

Avenir Growth Partners VI, the sixth vintage from the New York growth equity firm, filed a $600M raise in May. The move signals strong momentum behind the manager's AI and cloud-native investment thesis after backing over 50 startups.

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Insights  ·  May 25, 2026

Darsana Files $2.2B Amendment as SpaceX IPO Transforms Fund Economics

Darsana Capital Partners amended its offshore fund offering to $2.189B on May 22, signaling a capital call ahead of SpaceX's imminent public listing. The firm's concentrated bet on Musk's rocket company—worth ~60% of its AUM—is about to unlock $10B+ in gains and reshape LP deployment timelines.

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Insights  ·  May 25, 2026

Apogem Real Assets Fund IV Raises $152M as LP Appetite Rebounds for Inflation Hedges

Apogem Capital filed a $152M amendment for its fourth real assets vintage on May 22, signaling renewed institutional demand for natural resources exposure amid persistent macro uncertainty. The filing marks a natural extension of the firm's established infrastructure-and-commodities strategy.

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Insights  ·  May 25, 2026

Morgan Stanley Amends $106M Primaries Fund as Allocators Reset Commitments

Magellan Select Access Primaries Series 1 filed an amendment to its Form D in May 2026, signaling revised LP terms within the Riverview multi-client platform. The timing aligns with allocators recalibrating primary fund exposure after a two-year deployment window.

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Insights  ·  May 25, 2026

Bridge Growth Partners III Amends $102M Filing as Solace Deployment Signals Fund Momentum

Bridge Growth Partners III amended its Form D filing days after deploying capital into a $790M continuation vehicle for portfolio company Solace. The filing underscores the fund's focus on extended holding periods for technology infrastructure assets in a market where operational value-add now dominates financial engineering.

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Insights  ·  May 25, 2026

MetLife Raises $960M for Senior Direct Lending Fund II as Refinancing Wave Accelerates

MetLife Investment Management filed its second senior direct lending fund with a $960M target, positioning itself to capture a multibillion-dollar refinancing cycle as banks retrench from middle-market lending. The timing signals confidence in the strategy after establishing Fund I's deployment patterns and LP base.

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Insights  ·  May 25, 2026

Fiera Capital Files $100M US Real Estate Debt Fund as PM Platform Accelerates

Fiera Capital has filed a $100M Form D for Fiera US Real Estate Debt Fund LP, leveraging a subsidiary-parent GP structure and a 506b exemption that confines fundraising to existing relationships. The move signals capital deployment confidence in stabilized real estate debt as rate volatility normalizes.

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Insights  ·  May 25, 2026

LS Power Launches $3B Fund VI on AI-Driven Power Demand Surge

LS Power filed for its sixth flagship infrastructure fund in May 2026, signaling confidence in North American power demand driven by data centers and electrification. With ADIA among early backers, the filing marks the firm's rapid succession model after closing Fund V at $2.7B just nine months prior.

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Insights  ·  May 25, 2026

TPG Angelo Gordon Amends $779M Direct Lending Fund V as Spreads Compress and Fundraising Slows

AG Direct Lending Fund V filed a $779M amendment just two days after its initial closing, signaling mid-cycle recalibration rather than fresh capital raise. The move comes as direct lending managers face deployment pressure and spread compression in a market increasingly crowded with capital.

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Insights  ·  May 25, 2026

Nationwide Files $5.4B PPVUL Amendment as Insurance Giant Scales Alternative Access

Nationwide amended its PPVUL Separate Account - 4 structure for $5.378B, signaling expanded capacity for high-net-worth investors seeking tax-efficient alternative investments within a life insurance wrapper. The amendment—not a fresh raise—indicates mid-deployment adjustments to an existing insurance-segregated account vehicle.

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Insights  ·  May 25, 2026

CHANGE Global Amends to $152M Emerging Markets Hedge Fund as EM Cycle Accelerates

CHANGE Global Investment's Thea Jamison filed an amended Form D this month for a $152M developing markets hedge fund, signaling either portfolio restructuring or LP-base consolidation. The move comes as allocators re-rate emerging markets on improving fundamentals and shifting capital flows.

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Insights  ·  May 25, 2026

Mudita Original Onshore Feeder Files $841M: Hardy-Led Equity Platform Enters Regulated Markets

Mudita Original Onshore Feeder LP filed an $841M Form D on May 19, seeking capital for its onshore feeder structure. The filing marks entry into SEC-regulated markets for a manager with Thomas Hardy as principal, capitalizing on strong 2025 hedge fund performance and LP appetite for equity dispersion.

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Insights  ·  May 25, 2026

$17.4B KKR Infrastructure Raise Signals Acceleration Toward European Mid-Market

KKR's EUR-denominated Series V infrastructure fund hits the market in May 2026 amid record LP appetite and a structural shift toward larger managers. The filing reveals a dual-entity feeder structure designed for European capital segregation—a rare glimpse into KKR's infrastructure GP playbook.

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Insights  ·  May 25, 2026

Palestra's Goldman-Backed Feeder Raises $143M as Smaller Hedge Funds Tap LP Appetite

Hedge Fund Select: Palestra Capital LLC filed a $143M Form D raising on May 19, marking an amendment to terms mid-cycle. The vehicle's 06b exemption structure and first-time institutional GPs suggest Goldman Sachs is channeling capital into a relationship-driven hedge fund via a tightly controlled LP base.

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Insights  ·  May 25, 2026

Lavaca Capital Files $179M Convexity Fund as Allocators Hunt Tail-Risk Hedges

Houston-based Lavaca Capital, a specialized options manager, filed an amended Form D for its Convexity Fund seeking $179M in new capital. The timing signals conviction that 2026's volatile policy environment is driving institutional demand for downside protection.

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Insights  ·  May 25, 2026

WaCap Transportation Infrastructure Fund Raises $128M as Federal Investment Window Tightens

Washington Capital Management's feeder fund filed for $128M in May 2026, marking a significant capital call in transportation infrastructure just as advance appropriations from the Bipartisan Infrastructure Law expire. The amendment filing signals term refinements and LP response to shifting federal grant dynamics.

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Insights  ·  May 25, 2026

BC Partners Files Co-Investment Vehicle as Fund XII Nears €2.5B Milestone

BC Partners registers its first SEC Form D filing for a co-investment LP alongside an active €5B flagship fund raise. The $0 placeholder signals early-stage structuring for a stripped-down co-invest pool targeting existing relationships only.

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Insights  ·  May 25, 2026

LS Power Files for Equity Partners VI Amid Energy Infrastructure Rebound

LS Power's newly filed Form D signals preparation for a sixth vintage fund as energy infrastructure attracts record capital allocation. The filing comes as ADIA and other SWFs accelerate deployment into power transition assets.

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Insights  ·  May 25, 2026

A Priori's Havemeyer Place Targets $131M as Quant Hedge Funds Court New Capital

A Priori Investment Fund GP LLC filed an amended Form D for Havemeyer Place LP, a $131M hedge fund seek, signaling accelerating capital raise momentum just a year after closing a $15M tranche.

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Insights  ·  May 25, 2026

Mudrick Capital Files $966M Offshore Distressed Fund as LME Wave Accelerates

Mudrick Distressed Opportunity Fund Offshore tapped existing LP networks for $966M in May, signaling a successor vehicle designed to consolidate capital amid peak liability management activity. The timing captures a credit environment where lower-rated names face mounting refinancing pressure.

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Insights  ·  May 25, 2026

Nationwide BOLI Separate Account Amends $6B Raise as Banks Reposition for Rate Environment

Nationwide's Institutional Life Insurance unit filed a Form D amendment on the $6B Nationwide BOLI Private Placement Variable Account, signaling mid-raise adjustments to investor composition or allocation schedules. The filing reveals concentration risk around a single executive and timing aligned with banks' Q1 portfolio rebalancing cycles.

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Insights  ·  May 25, 2026

Mudrick Files $512M Stressed Credit Fund as CCC Defaults Hit 4.5%

Mudrick Capital filed Form D for a $512M stressed credit vehicle with a distributed GP structure, signaling capacity expansion at a moment when LME-driven credit stress is reshaping the hedge fund opportunity set. The filing marks an amendment to an existing vehicle backed by a firm with a proven track record in out-of-court restructurings.

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Insights  ·  May 25, 2026

Angelo Gordon Files $733M AG DLI V Unlevered as LP Demand Shifts from Debt

Angelo Gordon's amended Form D reveals a $733M unlevered direct lending fund, upsized from an initial May 2024 filing of $442M. The escalation signals LP appetite for equity-only structures as refinancing pressures reshape sponsor leverage appetite.

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Insights  ·  May 25, 2026

KKR Files $17.4B Infrastructure Amendment as Global Infrastructure Investors V Nears Q2 Close

KKR Global Infrastructure Investors V SBS (QP) L.P. just amended its SEC Form D for a $17.37B offering—the fifth flagship in KKR's infrastructure series is tracking to final close by June 2026. The move signals both LP deployment momentum and careful structuring for specific investor cohorts.

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Insights  ·  May 25, 2026

Nationwide Amends $133M Variable Account as Insurance-Linked Capital Rebalances

Nationwide Private Placement Variable Account - E filed a $133M amendment on May 19, signaling mid-fund capital adjustments tied to policyholder demand shifts. The move reflects mounting pressure on variable account structures as insurers recalibrate asset allocation in a persistently volatile market.

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Insights  ·  May 25, 2026

RRA Capital Files $500M Fund III Amendment as Bridge Debt Becomes Essential

RRA Capital expanded its flagship bridge lending fund to $500M—up from an initial $400M target—after raising $224M by mid-2026. The move reflects surging demand for non-bank capital as commercial real estate faces a $936B debt maturity wave.

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Insights  ·  May 25, 2026

Inland Private Capital Files $108M Long Island DST as Residential Demand Peaks

Inland Private Capital Corporation amended its Long Island Residential DST filing for a $108 million raise via pre-existing investor relationships, marking another residential-focused 1031 exchange play as the DST market experiences rapid growth. The filing reflects a strategic pivot toward multifamily DSTs during peak demand for tax-deferred exit structures.

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Insights  ·  May 25, 2026

Cancer Focus Fund II Raises $250M with 3C.7 Structure—Momentum Questions Linger

Focus Fund GP II, LLC filed for a $250M oncology venture fund on May 22, filing an amendment after collecting just $23M (9% of target). Ross Barrett leads the fund as sole named GP, concentrating decision rights around a figure who has managed prior healthcare VC vehicles but now operates under a pooled investment structure that changes fee dynamics and LP control.

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Insights  ·  May 25, 2026

Parsec Plus Raises $112M Amendment as Watermark Group Partnership Signals Multi-Manager Shift

Parsec Plus Onshore Partners filed a $112M Form D/A amendment on May 22, 2026, with Watermark Group now listed as a named general partner alongside five individual portfolio managers. The filing restructures governance mid-year amid a hedge fund market recovering from 2024–2025 volatility.

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Insights  ·  May 25, 2026

Savano Capital Partners Files $218M Fund IV as Secondaries Shop Scales

Baltimore-based Savano Capital Partners has filed to raise $218M for Fund IV, its second vintage since shifting focus to secondary liquidity for expansion-stage tech shareholders. The May 2026 amendment filing signals operationalization of a vehicle likely launched months earlier as LPs resume deployment.

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Insights  ·  May 25, 2026

Parsec Plus Files $1.3B Institutional Hedge Fund as Four-GP Partnership Debuts

An amendment filing on May 22 reveals Parsec Plus Institutional Fund, Ltd. raising $1.32B with four named GPs and no disclosed prior EDGAR history. The timing and structure suggest either a newly-formed manager making its inaugural institutional push or an existing player launching a distinct new vehicle mid-raise.

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Insights  ·  May 25, 2026

BlueArc Files $137M Quantitative Equities Raise as Quant Demand Hits Decade High

BlueArc Capital's Quantitative Equities Series filed for a $137M raise on Form D, marking the manager's first institutional capital raise via SEC filing. The timing capitalizes on a structural shift in allocator demand: quant hedge funds are now the most sought-after strategy, with allocators exceeding available capacity.

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Insights  ·  May 25, 2026

Standard Crypto Files $325M Hedge Fund as VC Firm Enters Trading Strategy

Standard Crypto, a six-year-old venture capital firm co-founded by Adam Goldberg and Alok Vasudev, has filed a $325M Form D for a hedge fund debut. The move marks the firm's pivot into liquid crypto trading alongside its existing venture portfolio.

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Insights  ·  May 25, 2026

Guggenheim Files $556M Offshore Credit Vehicle as Opportunistic Managers Build War Chests

Guggenheim's Form D signals continued expansion of its opportunistic investment grade strategy through an offshore vehicle for non-U.S. LPs. The filing lands as mega-managers race to raise opportunistic credit capital ahead of a potential cycle turn.

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Insights  ·  May 25, 2026

Man Group Files $460M Systematic Global Equities Vehicle as Quant Demand Surges

Man Group's Delaware-domiciled systematic global core equities fund filed for $460M under Rule 506(b). The raise lands at a moment when allocator appetite for quant equity strategies is outpacing supply.

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Insights  ·  May 25, 2026

PetroVybe Files $250M Oil & Gas Fund as Debut Manager Enters Volatile Energy Market

Peter Snell's PetroVybe Partners files a $250 million Form D amendment for an oil and gas limited partnership—his first institutional fund vehicle. The timing coincides with Strait of Hormuz disruptions and surging natural gas demand from AI data centers.

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Insights  ·  May 25, 2026

StepStone Files $834M Luxembourg Feeder for VC Global Partners XII

StepStone Group's twelfth vintage in its global venture capital series adds a Luxembourg-domiciled feeder fund, signaling international LP demand for the firm's fund-of-funds strategy. The filing arrives as Q1 2026 marks the strongest VC fundraising quarter since 2021.

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Insights  ·  May 25, 2026

Capstone Investment Advisors Files $175M First Responder Fund as Pension Allocations Surge

Paul Britton's volatility specialist launches dedicated vehicle targeting first responder retirement systems. The filing lands as U.S. pension funds commit billions to hedge fund strategies amid rising demand for risk-mitigating alternatives.

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Insights  ·  May 25, 2026

Capstone's Paul Britton Files $250M Drummer Fund as Vol Strategies Draw LP Appetite

The derivatives specialist Capstone Investment Advisors has filed a $250 million hedge fund vehicle targeting existing LP relationships. The timing aligns with surging allocator demand for volatility-focused strategies amid elevated market uncertainty.

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Insights  ·  May 25, 2026

AQR Files $117M Flex Series K6 as Quant Giant Rides Comeback Wave

Cliff Asness's firm, now the world's largest hedge fund manager after an 89% AUM surge, adds another tranche to its tax-aware Flex series. The filing signals continued institutional demand for AQR's long/short direct indexing strategy at a moment when allocators are rotating hard into hedge funds.

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Insights  ·  May 25, 2026

Borderless Capital Files $150M Venture Fund as Crypto VC Pivots to Financial Infrastructure

The Web3-native manager—known for DePIN and Algorand bets—registers a new US vehicle at $150M. The filing arrives as crypto venture capital realigns around stablecoins, tokenization, and infrastructure while AI absorbs most LP attention.

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Insights  ·  May 25, 2026

Capstone's Paul Britton Files $169M Trend Strategy as LP Appetite for Convexity Surges

Volatility specialist Capstone Investment Advisors filed a Form D for a dedicated trend-following vehicle, signaling product expansion from the $11B derivatives-focused firm. The raise lands amid the strongest hedge fund inflows since 2017 and renewed allocator interest in non-directional strategies.

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Insights  ·  May 25, 2026

Capstone Launches $115M Mount Washington Fund as Volatility Specialist Expands Product Suite

Paul Britton's Capstone Investment Advisors files for a new hedge fund vehicle targeting $115M. The derivatives-focused manager deploys capital into a favorable volatility environment as institutional allocators increase hedge fund exposure.

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Insights  ·  May 25, 2026

Capstone Files $633M Dispersion Fund Two Months After Strategy's Worst Monthly Drawdown in a Decade

Paul Britton's volatility specialist is raising capital for a dedicated dispersion vehicle weeks after the March 2026 correlation shock tested the strategy's limits. The timing suggests either conviction in the trade's recovery or a tactical play on post-dislocation entry points.

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Insights  ·  May 25, 2026

WovenEarth Files $5M SPV as Climate Fund-of-Funds Moves Into Direct Co-Investment

The climate tech fund-of-funds manager filed a small SPV under Rule 506(b), signaling a shift toward opportunistic direct deals alongside its portfolio managers. This marks a new phase for the Palo Alto firm as it deploys Fund II capital in a tightening early-stage market.

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Insights  ·  May 25, 2026

Clearline Capital Files $484M Raise as LP Appetite for Catalyst-Driven Equity Accelerates

Marc Majzner's New York-based long/short fund files a Form D amendment sizing its current raise at $484 million. The filing lands during the strongest hedge fund inflow cycle since 2017, with allocators rotating hard into liquid, event-driven strategies.

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Insights  ·  May 25, 2026

Point72 Alumni's Kadensa Capital Files First US Fund at $153M Amid Record Asia Hedge Fund Flows

Hong Kong's Kadensa Capital, led by former Point72 Asia head William Leung, has filed its first dedicated US vehicle. The timing aligns with the strongest hedge fund inflows into Asian equities in a decade.

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Insights  ·  May 25, 2026

Point72 Alumni Kadensa Capital Files $2.5B Hedge Fund as Asia Long/Short Strategies Surge

William Leung's Hong Kong-based firm has filed its first SEC Form D for a $2.526 billion vehicle. The timing aligns with record allocator appetite for pan-Asian equity strategies.

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Insights  ·  May 25, 2026

Capstone Investment Advisors Files $210M Phi Kappa Fund as Volatility Strategies Draw LP Capital

The New York-based volatility specialist is raising for its Phi Kappa Fund Ltd. amid a record year for hedge fund inflows. The filing signals continued expansion of Capstone's derivatives-focused platform after years of strong performance.

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Insights  ·  May 25, 2026

A Priori Investment Management Files $131M Havemeyer Place LP as Quant Shop Scales Beyond Futures

Greenwich-based quantitative hedge fund A Priori Investment Management has filed a $131M raise for Havemeyer Place LP. The filing signals the firm's transition from a boutique futures trader into institutional-scale asset management.

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Insights  ·  May 25, 2026

Glade Brook Files $200M Co-Investment Vehicle Two Months After $1B Gondola Close

Paul Hudson's tech-focused growth equity shop just filed for a $200M fund under a Rule 506(b) exemption—signaling a tight-circle raise from existing LPs. This filing follows Glade Brook's oversubscribed $1B continuation vehicle that closed in March with StepStone and BlackRock anchor commitments.

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Insights  ·  May 25, 2026

Capstone Investment Advisors Files $284M Equity Replacement Fund as Volatility Trade Heats Up

Paul Britton's $91B volatility shop filed a $284M Cayman-domiciled equity replacement vehicle via SEC Form D. The May 2026 timing aligns with peak LP commitment cycles and surging institutional appetite for non-directional strategies.

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Insights  ·  May 25, 2026

TAKARAFX LTD Files $100M Offshore Vehicle—First-Time Manager Enters FX Space

A previously unknown GP named Brandon Michael Johnson has filed a $100M offshore fund under Exemption 04. The single-GP structure with no prior EDGAR history raises immediate questions about track record provenance and LP protections.

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Insights  ·  May 25, 2026

Mr. Cooper's Roosevelt Unit Files $500M MSR Fund as Bulk Trading Hits Record Levels

Roosevelt Management Company, the Mr. Cooper-owned asset manager, filed a $500M Form D for its third MSR Opportunity Fund. The raise lands as Q4 2025 bulk MSR sales hit $211 billion—up 50% quarter-over-quarter—and institutional demand for yield-oriented mortgage assets shows no signs of cooling.

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Insights  ·  May 25, 2026

Apollo Targets Essential Retail at $92M as Necessity-Based Sector Draws Institutional Capital

Apollo RE Exchange files a $92M essential retail vehicle with $67M already committed. The raise lands as grocery-anchored and necessity retail command the strongest valuations in a decade.

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Insights  ·  May 25, 2026

Lansdowne Partners Amends DMLO Davies Street Vehicle to $881M as Long-Only Shift Deepens

Lansdowne Partners filed an amendment to its DMLO Davies Street LP feeder vehicle on May 22, raising the offering size to $881M. The move reflects the London-based manager's strategic pivot from hedge funds to long-only equity strategies targeting US benefit plan investors.

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Insights  ·  May 25, 2026

Menlo AI Leaders Files $250M Fund II as Enterprise AI Spending Hits $37B

Menlo's AI-focused leaders Ganesan, Carolan, and Murphy are launching a second vintage to capitalize on accelerating enterprise adoption. The filing arrives as portfolio-level opportunity multiplies.

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Insights  ·  May 25, 2026

MIRI Capital Eyes $346M EM Hedge Fund as Volatility Reshapes Fund Landscape

MIRI Strategic Emerging Markets Fund LP filed a Form D amendment for $346 million just as the EM hedge fund space navigated historic March volatility. The filing signals either a mid-raise pivot or expansion—and comes with operational flags around manager continuity.

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Insights  ·  May 25, 2026

Darsana Files $2.6B Amendment as SpaceX IPO Windfall Fuels Expansion

Anand Desai's Darsana Capital Partners filed a Form D amendment for $2.6B in Darsana Fund LP, signaling capital management ahead of the hedge fund's expected SpaceX liquidity event. The move comes as the concentrated long-short equity manager prepares for a potential transformation.

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Insights  ·  May 25, 2026

Darsana Capital Partners Files $655M Fund II as LPs Narrow Focus to Proven Operators

Darsana Capital Partners filed a Form D amendment for DCP Private Opportunity Fund II LP seeking $655M, signaling a second close for a fund that raised ~$178M in 2020. In a 2026 market where capital flows heavily to established GPs, this May filing marks a critical test of LP appetite for repeat franchises.

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Insights  ·  May 25, 2026

Neuberger Berman Files $10M Tactical Macro Fund — Amendment Signals LP Refinement, Not Expansion

Neuberger Berman's May 2026 Form D for a $10M Tactical Macro onshore fund is an amendment to an existing vehicle, not a new launch. The filing confirms the firm is refining an established mandate rather than entering untested waters.

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Insights  ·  May 25, 2026

Symbiotic Capital Files $176M Parallel Fund as Life Science Credit Play Scales

Belldegrun's credit platform launched a $176 million parallel fund in May 2026, nine months after its public debut with a $600 million flagship. The parallel structure signals expansion of a capital-intensive credit strategy designed to capitalize on maturing biotech debt portfolios.

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Insights  ·  May 25, 2026

Clearstead Files $220M Private Markets Fund as RIAs Build In-House Alt Platforms

Cleveland-based RIA Clearstead has filed a $220M Form D for ClearAccess Fund, LP, its dedicated private markets vehicle built on the GLASfunds platform. The filing marks a formalization of the firm's push to offer institutional-grade alternatives to its $50B advisory client base.

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Insights  ·  May 25, 2026

Capstone Files $481M Cayman Dispersion Fund as Vol Strategies Hit Peak Demand

Capstone Investment Advisors registers a Cayman-domiciled dispersion vehicle at $481M. The filing arrives as hedge funds pile into dispersion trades amid elevated single-stock volatility and widening realized-implied gaps.

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Insights  ·  May 25, 2026

Griffin Capital Files $100M Development Fund III as Multifamily Supply Crunch Creates LP Opening

Griffin Capital Company's third development-focused vehicle enters a market where multifamily construction starts have fallen 50% from 2022 peaks. The mid-raise filing signals anchor commitments are locked and the El Segundo-based manager is now pursuing additional allocators.

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Insights  ·  May 25, 2026

Capstone Registers $356M Alternative Risk Strategy Fund as Volatility Specialist Expands Product Suite

Paul Britton's derivatives-focused firm files new US vehicle targeting alternative risk premia. The launch comes as allocator demand for systematic volatility strategies outpaces dedicated ARP products.

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Insights  ·  May 25, 2026

Blue Owl Files $129M Amendment for 2020 Diversified Lending Fund Amid Private Credit Scrutiny

Blue Owl Unlevered Diversified Lending 2020 Fund LP updated its Form D with a $129 million offering. The amendment arrives as private credit faces its toughest test in years—redemption pressures, valuation questions, and headline risk—while Blue Owl continues to scale past $315 billion in AUM.

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Insights  ·  May 25, 2026

UBS A&Q Platform Files $121M ePlanet Hedge Fund as Institutional FoF Demand Surges

UBS Asset Management's A&Q unit filed an amendment for its ePlanet Hedge Fund Solution, targeting $121M under a 06b exemption. The raise taps into the strongest hedge fund allocation environment since 2017.

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Insights  ·  May 25, 2026

Blackstone Files $6.4B Infrastructure Vehicle as Mega-Fund Dominance Reshapes the Asset Class

Blackstone Infrastructure Partners F.2 L.P. hits EDGAR with a $6.35 billion Form D amendment, reinforcing the firm's institutional-only fundraising approach. The filing lands as infrastructure fundraising hits record highs and capital concentrates in the largest platforms.

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Insights  ·  May 25, 2026

Blackstone Files $6B Infrastructure Amendment as LPs Chase Record Allocations

Blackstone Infrastructure Partners filed a $5.985 billion Form D amendment, signaling continued capital formation in its flagship permanent capital vehicle. The move comes as infrastructure fundraising hits all-time highs and mega-managers consolidate market share.

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Insights  ·  May 25, 2026

UBS Hedge Fund Solutions Files $150M Pension-Targeted Vehicle as Institutional Appetite Surges

UBS's A&Q platform registers a new segregated portfolio designed for pension fund LPs. The filing arrives as pension allocations to hedge funds hit multi-year highs and institutional demand outpaces available capacity.

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Insights  ·  May 25, 2026

Coatue Files $1.27B Long-Only Offshore Fund as Tiger Cub Firm Restructures Equity Strategy

Philippe Laffont's billionaire tech investor filed a Form D for its Coatue Long Only Offshore Fund at $1.27 billion. The move comes as the firm pivots its long-only business toward a new crossover model while maintaining offshore feeder capacity for non-US capital.

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Insights  ·  May 24, 2026

StepStone Pushes $834M VC Fund-of-Funds as LP Liquidity Thaws

StepStone VC Global Partners XII filed its latest Form D amendment, signaling continued momentum in the firm's flagship venture fund-of-funds series. The raise comes as Q1 2026 marks the biggest fundraising quarter since 2021, with institutional LPs re-engaging after two lean years.

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Insights  ·  May 24, 2026

UBS Files $125M for A&Q Premier Access Amid Hedge Fund Allocation Boom

UBS Asset Management's hedge fund platform files $125M amendment for Premier Access vehicle. The filing arrives as institutional allocators execute their largest rotation into hedge funds in over a decade.

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Insights  ·  May 24, 2026

Blackstone Files $1.4B Infrastructure Vehicle as AI Power Demand Reshapes LP Allocations

Blackstone Infrastructure Associates filed a $1.405 billion offering under a multi-entity GP structure, signaling continued institutional deployment in the sector. The filing arrives as the firm aggressively expands its infrastructure footprint through a $5 billion Google AI venture and record-breaking LP demand.

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Insights  ·  May 22, 2026

UBS Hedge Fund Solutions Files $233M Opportunistic Credit Vehicle Amid Distressed Debt Wave

UBS's A&Q Select platform has filed a $233M opportunistic credit fund targeting market dislocation. The filing arrives as speculative-grade debt maturities triple toward 2028 and CCC-rated loan spreads widen by 300 basis points.

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