SEC Filing Record

Offering Amount

$20.0M

Strategy

Hedge

Exemption

06b

Date Filed

Jun 01, 2026

0001704211-26-000002

View on SEC EDGAR →

37A Read

The dual LLC structure—with Black Swift Partners and Black Swift Group both named as GPs alongside Gregory Casals as an individual—indicates a holding or management arrangement where operational control may be distributed across entities rather than consolidated under a single GP, a configuration often used when multiple constituencies or investment teams need formal recognition in the fund's governance.

The absence of any prior EDGAR filings from this manager signals either a newly formed vehicle or a manager operating below the $150M AUM threshold that would trigger regular reporting requirements, meaning this amendment is likely the manager's first formal SEC engagement and allocators will have no historical fund documents, performance records, or continuity data to reference.

Filing an amendment in June 2026 on a $20M hedge fund target, without a prior initial filing visible on EDGAR, suggests either a substantial revision to previously filed terms (expansion of GP count, modification of strategy, or LP class restructuring) or a delayed amendment filing, both of which warrant clarification on what changed and why.

Before committing, verify the timing and substance of the amendment itself—specifically what the prior version contained and why Gregory Casals and two entity GPs are now all named together—as well as confirm whether Black Swift Partners and Black Swift Group are operationally distinct or merely legal formalities, since this affects who controls capital deployment and fee collection.

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Principals

General Partners & Executives

n/a Black Swift Partners, LLC n/a Black Swift Group, LLC Gregory Casals

Black Swift Special Situations Fund, LP