Global Defense & Security Select Fund Offshore SICAV-RAIF S.C.Sp.

With no prior EDGAR filings attributed to this manager, this fund represents either a first-time SEC filing by an established offshore operator or a new entity, and the 06b exemption (pre-existing relationships only) indicates the GPs are relying entirely on existing LP networks rather than building a new base—a pattern consistent with either a continuation fund sourcing from prior LPs or a newly-formed vehicle by experienced practitioners moving outside traditional institutional channels.

A June 2026 amendment during a period of elevated defense and security sector attention reflects LP demand for exposure to geopolitical risk hedging and government contracting; however, the mid-year timing of an amendment (rather than an initial filing) suggests either a cap increase responding to oversubscription or a structural modification to accommodate late-stage LP requests.

Before committing, verify whether the amendment altered GP compensation, management fee structure, or key-person dependencies among the six named principals—offshore funds with multiple GPs often embed exit provisions tied to individual departures, and the lack of prior filing history means there is no track record on how this manager has previously handled succession or portfolio transitions.