Capstone Dispersion Fund (Cayman) Ltd.

The four named GPs (Capstone Investment Advisors as the entity plus three individuals) and absence of any prior EDGAR history suggest this is either a newly independent breakaway team or a fund being registered for the first time after operating in shadow form, with the three named individuals likely holding key-man or decision-making roles that LPs will want to verify through side letters.

A mid-2026 filing under 506b exemption (no public solicitation) in a rising-rate environment reflects managers tapping established LPs rather than deploying capital into a new vintage—this timing may indicate a recovery or opportunistic vehicle aimed at existing institutional relationships rather than competitive fundraising.

Before committing, verify whether this amendment modified fee terms, GP commitment levels, or continuation/clawback language from an earlier draft; the absence of prior manager filings on EDGAR means no public baseline exists for comparing governance changes, so direct contact with the GP to confirm amendment scope is essential.