Locust Wood Long Only Offshore Fund Ltd

With no prior EDGAR filings from this manager, this is a debut fund vehicle, meaning the four GPs are either launching independently after departing another platform or are pooling capital for the first time under this legal entity; the use of a 06b exemption (pre-existing relationships only) rather than a broader exemption suggests the raise is structured around an existing LP network rather than a broad marketing effort, typical of managers with institutional relationships but no public track record under this banner.

Mid-2026 filing timing points to a manager capitalizing on LP rebalancing cycles and renewed allocator appetite for long-only hedge strategies after 2024–2025 volatility; offshore domicile choice signals either international LP base, tax-efficient structuring for non-US capital, or both, reflecting a manager assumption that institutional LP demand outside the US is material to the raise.

Before engaging, verify the GP commitment size and lock-up terms for each of the four named principals—with no prior track record as a unified team, LP protection depends on meaningful co-investment and alignment; also confirm whether the $0 placeholder represents a stalled raise or an active filing expected to update within 60–90 days, as delayed amendments can indicate LP interest is below initial expectations or terms remain in flux.