ASAP Capital I, a series of Angel Deal Holdings, LP

The absence of prior EDGAR filings under this manager signals either a first-time SEC filer (raising above the $25M threshold that triggers reporting) or a manager previously operating below that ceiling who is now scaling; the two-GP structure and 06b exemption indicate a pre-existing relationship model rather than an institutional roadshow, suggesting this manager operates through warm networks rather than broad LP development.

Filing an amendment in May 2026 points to either a mid-cycle adjustment to terms or LP commitments after an initial filing—not a clean first close—which in the current venture climate typically reflects slower commitment pace as institutional LPs tighten allocation to early-stage angel vehicles competing against larger, branded micro-VCs.

Before committing, verify whether the two named GPs carry key-man provisions that would gate distributions or require LP consent if either departs, and confirm whether Angel Deal Holdings retains GP co-investment requirements—these terms directly affect both downside protection and GP incentive alignment in distributed angel vehicles.