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SEC EDGAR · Form D
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Other  · May 18, 2026  · 06c

KILTEARN GLOBAL EQUITY FUND

Offering
$8.9B
Analysis

This is an amendment to an existing filing, indicating the manager has revised terms, LP composition, or fund mechanics after an initial launch—a signal that either market conditions shifted between the original filing and now, or the manager secured commitments that required structural adjustment to close.

The six-GP structure and 06c exemption (multi-state general solicitation) indicate a manager operating as a distributed partnership without a single-entity GP backbone, which typically reflects either a newly-formed team or a decentralized investment operation where individual partners retain direct fund responsibility rather than delegating to a management company.

A May 2026 amendment filing in the midst of elevated equity volatility and LP rebalancing cycles suggests the manager may be addressing LP demand for Global Equity exposure or responding to unforeseen conditions in a prior fundraise window that required timeline or terms modification.

Before commitment, verify whether this amendment reflects a change to key-man provisions, fee structures, or LP eligibility—especially whether any of the six named GPs are subject to non-compete or clawback language, and confirm whether the manager has other active or parallel fundraises that might affect GP bandwidth or allocation conflicts.

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

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Murdoch Murchison · Craig Watson · Edward Clarke · Khaled Mohamed · Douglas McArthur
SEC EDGAR →
0001566114-26-000041