SEC Filing Record

Offering Amount

$52.0M

Strategy

Hedge

Exemption

06b

Date Filed

May 26, 2026

0001315863-26-000437

View on SEC EDGAR →

37A Read

The feeder structure indicates this manager is channeling LP capital into a master fund rather than operating a standalone vehicle, a setup typically chosen to consolidate multiple LP cohorts, manage different share classes, or simplify GP economics across related strategies—the amendment status signals a material change to terms or LP base since initial filing.

With no prior EDGAR filings and three named GPs, this represents the manager's first registered hedge fund vehicle, implying either a newly formed partnership, a transition from unregistered/sub-$150M operations, or a deliberate choice to formalize a previously informal structure as AUM crossed thresholds requiring disclosure.

A May 2026 amendment filing in a hedge fund context often reflects LP deployment pace and capital availability cycles; the mid-calendar timing and feeder-into-master structure suggest the manager is consolidating existing or promised commitments rather than launching into peak fundraising season.

Before committing, verify whether the master fund has its own separate Form ADV filing (required if it manages $25M+), confirm the three GPs' roles and any key-person dependencies, and clarify whether this feeder pools capital from institutional LPs only or includes qualified individuals—the 506(b) exemption restricts marketing but doesn't specify LP composition.

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Principals

General Partners & Executives

Martin Lang Michael Parton Laura Mannisto

Navat Feeder Fund