SEC Filing Record

Offering Amount

$67.2M

Strategy

Hedge

Exemption

06c

Date Filed

Jun 10, 2026

0001885104-26-000003

View on SEC EDGAR →

37A Read

The single named GP (Dylan Kavanagh) paired with an unnamed LLC entity signals a two-tier GP structure where personal liability and decision-making authority may be split between the individual and the corporate vehicle; this configuration often enables operational separation or allows institutional co-GPs to enter later without restructuring.

No prior EDGAR filings from this manager indicate this is either a first-time fund vehicle or a newly-formed GP entity, meaning LPs are backing a manager without a documented track record in private markets and should expect higher due diligence burden on operational history, prior exits, and team stability.

An amendment filing in June 2026 on a hedge fund raise signals either a mid-fundraise material change to terms (fee structure, strategy scope, or GP commitment), a response to LP feedback during roadshow, or a delayed amendment to an earlier initial filing—each of which should trigger questions about why the change and when the fundraise actually closes.

Verify whether Dylan Kavanagh has managed capital previously under a different legal entity or GP name, as clean EDGAR history does not rule out prior fund management; also confirm the identity and role of the unnamed InterCapital LLC co-GP to establish whether key-person risk concentrates in one individual or is distributed.

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Principals

General Partners & Executives

Dylan Kavanagh n/a InterCapital, LLC

InterCapital Fund, LP