Lavaca Convexity Offshore Fund

With no prior EDGAR filings attributable to this manager, Lavaca Convexity is either a newly formed GP or one that has operated below the SEC filing threshold until now—the 06b exemption reliance on pre-existing relationships indicates a founder or small team bootstrapping from their existing network rather than conducting a broad institutional roadshow.

Filing an amendment in May 2026 mid-calendar reflects either a delayed launch window (suggesting Q2-Q3 close timing) or a material modification to terms after initial LP feedback; for a $55M mandate in a period of elevated hedge fund formation, this timing captures both the post-April allocation season and positioning ahead of summer LP commitment cycles.

Before engagement, verify whether Scott Phillips holds the key-man provision and what happens to capital commitments if he departs—the minimal GP naming (two entities) and absence of institutional track record mean LPs should also confirm whether this fund has side letters or preferential terms already committed that would affect available capacity.