SEC Filing Record

Offering Amount

$5.0M

Strategy

Hedge

Exemption

06b

Date Filed

Jun 04, 2026

0001940739-26-000001

View on SEC EDGAR →

37A Read

The amendment filing on a $5M hedge fund targeting REITs indicates the manager revised terms, investor caps, or fee schedules after initial filing; without prior EDGAR history from this GP, this is likely a first vehicle, making the amendment either a response to early LP feedback or a correction to the initial structure rather than evidence of an established series.

Jordan Dermon operates as a single named GP on this filing with no traceable prior SEC filings, signaling either a debut fund manager entering the market, a previously unregistered operator now formalizing under Rule 506b, or an established manager using a new legal entity—each carries different due diligence weight around operational infrastructure and LP commitment history.

A mid-2026 filing for a $5M REIT-focused hedge fund reflects LP capital rotating into real estate plays as interest-rate volatility and property valuation uncertainty create tactical opportunities; the narrow $5M target and 06b exemption suggest this is a closed circle raise designed to move quickly without roadshow drag.

Before committing, LPs should confirm whether this amendment materially altered fee structure, GP carry, or clawback provisions from the initial filing, and verify Dermon's operational setup—specifically whether he has dedicated compliance infrastructure, a prime broker relationship, and key-person insurance given the absence of EDGAR precedent for this manager.

Full analysis (GP structure, exemption breakdown, and market context) is available to Pro members.

Unlock Pro · $29/month → Sign in

Principals

Registered Manager

Manteio GALIS GP

General Partners & Executives

Jordan Dermon

151 REIT Alpha Fund LP