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Hedge  · May 19, 2026

Osmium Capital II, LP

SEC Filing Record
Offering Amount
$14.6M
Strategy
Hedge
Exemption
06b
Date Filed
May 19, 2026
0001451006-26-000004
View on SEC EDGAR →
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This is a second-vintage successor fund, signaling the manager closed a Fund I and is now returning to LPs with a follow-on vehicle; the $15M target is notably modest for a Hedge Fund II, which typically indicates either a concentrated LP base, a niche strategy with limited capital needs, or an early-stage manager rebuilding after a smaller debut.

The sole named GP (John Lewis) with no prior EDGAR filings means this manager either operated outside SEC reporting requirements until now, managed through a prior entity name, or is new to formal fund structuring; the 06b exemption lock (pre-existing relationships only) confirms the manager is not building a broad institutional distribution network and relies on direct LP relationships.

Filing an amendment in May 2026 suggests the manager encountered a change in terms, LP composition, or offering structure after an initial submission; this revision mid-year may reflect LP feedback during allocation cycles or a response to market conditions affecting hedge fund capital flows in early 2026.

Before committing, verify whether John Lewis has a key-man clause tied to his personal involvement, confirm whether Fund I achieved meaningful returns or faced early redemptions (since Fund II's modest size may reflect LP caution), and check whether the manager has since filed under an alternate legal name or entity structure on EDGAR or state regulators.

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

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Principals
General Partners & Executives
John Lewis