Radcliffe Treasury Plus Fund, Ltd.

This is Radcliffe Capital's first EDGAR filing on record, meaning this $100M raise represents the manager's institutional entry into regulated hedge fund fundraising; the choice of a Rule 06b exemption (pre-existing relationships only) signals the fund will scale through a closed network rather than broad distribution, consistent with a first-time manager avoiding the operational and compliance costs of a public roadshow.

A May 2026 filing in a hedge fund context aligns with spring LP allocation cycles and year-end portfolio rebalancing planning, but the absence of any prior vintage history from this manager suggests either a team recently launched from another platform or a long-standing private operation that has decided to formalize—both scenarios worth confirming given the timing.

Before committing, verify whether Steven Katznelson or Radcliffe Capital Management have key-man provisions tied to a single individual, whether this fund has hard or soft lock-ups, and whether either GP carries conflicts from prior management roles—new managers frequently inherit regulatory or LP disputes from predecessor entities, and a first filing with no track record history on EDGAR makes background diligence on both GPs non-negotiable.