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Hedge  · Jun 02, 2026

RJA Volexity Hedge I - a Series of RJA Master Series I LP

SEC Filing Record
Offering Amount
$746.1M
Strategy
Hedge
Exemption
06b
Date Filed
Jun 02, 2026
0001405086-26-000354
View on SEC EDGAR →
37A Read

The master-feeder structure—with this vehicle filing as a series within RJA Master Series I LP—indicates a multi-class architecture designed to segregate capital by LP type, geography, or tax treatment; amendment status suggests the managers are refining terms or LP commitments mid-cycle rather than launching a fresh vehicle.

With only two named GPs (Andrew Jeffrey and Nicholas Leeper) and no prior EDGAR filings under this manager, this is either a first-time institutional hedge fund raise or a rebranding of previously unregistered activity; the 06b exemption reliance on pre-existing relationships signals this is a founder/operator-led effort without established institutional distribution.

A mid-2026 amendment filing for a $746M hedge fund target aligns with LP capital redeployment cycles post-rate-cut expectations and institutional hedge fund reallocation away from crowded strategies; timing suggests the managers may have secured anchor commitments and are now formalizing final terms rather than cold-starting.

Before engagement, verify whether the two named GPs carry key-man provisions tied to both individuals or only one, and confirm whether the master-feeder structure allows side-pocket flexibility or co-investment rights—these terms materially affect LP liquidity and economics in a first-time manager vehicle.

Full analysis (GP structure, exemption breakdown, and market context) is available to Pro members.

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Principals
Registered Manager
RJA GP LLC
General Partners & Executives
ANDREW JEFFREY NICHOLAS LEEPER
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