Other · May 18, 2026 · 06b

MIM CORNERSTONE LLC

Offering

$32.0M

Analysis

The 'Other' classification with a single named GP and 06b exemption signals a closed-end vehicle structured for pre-existing LP relationships rather than a broad retail or institutional roadshow; the absence of parallel or feeder vehicles suggests Julia Li is operating this as a standalone fund rather than part of a tiered capital structure.

This is Li's first EDGAR filing on record, meaning she is either new to fund management, previously operated below the filing threshold, or is raising her debut vehicle; the choice of 06b exemption (which prohibits general solicitation) indicates reliance on direct relationships rather than brand recognition or prior fund performance to anchor the raise.

A $32M target filed in May 2026 at 5% committed capital implies an early-stage raise, likely timed to capitalize on LP dry powder cycles in the spring allocation season or to lock commitments before LP budget cycles close for the calendar year.

Before engaging, allocators must confirm whether Li has prior fund management experience outside EDGAR filings (e.g., in secondaries, continuation funds, or side pockets that fall below disclosure thresholds) and verify the fund's key-man terms—given no track record is visible, the concentration risk on a single GP warrants explicit contractual protection around replacement and fund continuity.

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Julia Li

SEC EDGAR →

0001683168-26-004041