Clearline Capital Partners Offshore, Ltd.

The absence of any prior EDGAR filings from this manager means this is a first-time fund raise on record, making the 06b exemption (pre-existing relationships only) a material constraint—the manager cannot cold-solicit and must build LPs entirely through existing networks, which limits the fundraising pool to referrals and legacy connections.

Filing an amendment in May 2026 for a $30M hedge fund target suggests either a mid-raise course correction (upsizing or downsizing from an initial target), a restart after a failed initial close, or a shift in LP composition; this timing coincides with elevated volatility and macro uncertainty, when hedge fund allocations often pause or shift toward established managers with track records.

Before committing, verify whether any of the five named GPs held senior roles at established hedge funds in the prior five years—the absence of manager history on EDGAR makes manager background and key-person risk impossible to assess from public filings alone, and the 06b restriction means limited transparency into who the lead LP base actually is.