Hammana Partners LP

The single named GP (Nicholas O'Sullivan) paired with two unnamed co-GPs and a 06b exemption signals a manager operating primarily on pre-existing relationships and likely a tight partnership structure; this configuration is typical of smaller hedge funds that have built a defined LP base and do not require broad fundraising infrastructure, which is consistent with the $36M target.

Filing in May 2026 places this raise in a window when hedge fund capital allocation is recalibrating after 2025 rate volatility, and a seven-year vintage cycle is standard for event-driven or systematic hedge funds targeting reinvestment from prior distributions; the timing aligns with normal LP governance windows rather than distress or emergency capitalization.

Verify the identity and roles of the two unnamed co-GPs before commitment—their absence from the filing header means no public disclosure of decision-making authority, compensation split, or potential conflicts if either has external management duties; also confirm whether the 2019 vintage has completed distributions or is still in the deployment phase, as this affects whether LPs are recycling capital or committing new dry powder.