Logan Stone Capital LP

The absence of any prior EDGAR filings from this manager means this is either a first-time hedge fund raise or a re-entry under a new entity structure; paired with six named GPs and reliance on Rule 506b (no-general-solicitation), this signals a manager operating through pre-existing LP networks and likely sourcing from a specific institutional or family office base rather than building a broadcast fundraising operation.

A mid-2026 filing for a $31M hedge fund target, via amendment, lands during a period when allocators are rebalancing after 2025 performance volatility and smaller hedge funds face LP concentration risk—the amendment timing suggests the manager either encountered LP attrition requiring a revised strategy or secured anchor commitments that justified reopening the round.

Before committing, verify whether the amendment altered the fund's strategy, fee structure, or key-man provisions; confirm that the six GPs include at least one or two with prior hedge fund or alternative asset management experience, since no manager track record on EDGAR means the GP bios and prior firm affiliations are your sole reference for operational capacity.