India Acorn Fund II (Cayman) Ltd

The absence of any prior EDGAR filings from this manager suggests either a newly-formed team launching their second vehicle (unlikely timing), a previously unregistered operation now entering the formal fundraising process, or GPs who have historically relied on 506(b) exemptions and direct relationships without SEC visibility—the shift to a 06b filing here indicates they are beginning to systematize their capital raise.

Filing an amendment in mid-2026 for a hedge fund targeting $12M points to either a delayed or re-priced raise in a period when smaller hedge funds face LP competition from larger multi-strategy platforms and direct-lending vehicles; the amendment flag suggests the managers have already begun outreach and are now locking in terms after market feedback.

Verify whether Serrat-Valera and Dussoruth have executed key-man agreements with LPs from Fund I (if one exists) and confirm whether this $12M target reflects the full intended capacity or a deliberately modest initial close—a placeholder raise that could expand via side letters would substantially alter the actual fund economics relative to what LP commitments will face.