A&Q Select (US) LLC - Founders Portfolio (2018)

The absence of any prior EDGAR filings from this manager indicates either a newly SEC-registered entity, a manager previously operating below the filing threshold, or a reorganization of an existing partnership; the four named GPs suggest a distributed leadership model rather than a single-founder structure, which typically indicates a team spin-out or formalized partnership transition.

Filing an amendment in May 2026 on a 2018-vintage fund signals a mid-life capital call, extension vote, or strategic restructuring rather than a new-money raise, positioning the vehicle to capture extended deployment windows during elevated exit velocity and refinancing activity in the 2026–2027 cycle.

Verify whether the four named GPs hold equal economic interests or whether one is designated as managing partner with fiduciary control, as unequal GP stakes or key-person provisions tied to a single GP could expose remaining LPs to forced buyouts or strategy drift if that individual departs.