Navat Delaware Feeder Fund LP

With no prior EDGAR filings and four named GPs, this manager is either new to registered fund management or has operated exclusively below the $150M AUM threshold until now; the 06b exemption (no public solicitation) signals reliance on existing relationships to build the LP base, which constrains scaling but indicates the GPs have institutional credibility outside the public market.

A May 2026 amendment to a hedge fund filing reflects mid-year LP deployment cycles when allocators finalize Q2 commitments and rebalance; for a $42M target, this size and timing suggest either a niche strategy raising from a tight set of existing LPs or a holdover from a 2025 commitment round that required restructuring.

Before committing, verify the master fund's location (US vs. offshore), fee splits between feeder and master classes, and whether this amendment involved a GP addition, removal, or compensation restructure—these details directly affect net economics and governance rights but are not disclosed in the 06b filing itself.