Stellar Wealth Partners India Fund I, LP

Baid's complete absence from prior EDGAR filings means this is either his first registered fund vehicle or his prior management operated below the $150M AUM registration threshold; the 06b exemption choice—restricting to pre-existing relationships only—reveals a manager building from an existing client or institutional network rather than conducting broad market outreach, typical of an emerging manager with concentrated LP relationships.

A May 2026 amendment filing on a $29M India-focused hedge fund aligns with LP rebalancing cycles into Asia ex-China allocations and domestic Indian market strength, but the modest target suggests either a first-close strategy to validate the concept before larger institutional commitments or a deliberately small fund designed for operational agility in a volatile emerging market.

Verify whether Baid has any investment management history, co-investment agreements, or fund governance roles at other platforms prior to this filing—his complete absence from SEC records makes it critical to confirm his operational depth, LP references, and whether any key-man insurance or successor provisions exist given the single-GP concentration risk.