REGAL RESOURCES LONG SHORT (OFFSHORE) FUND

The absence of prior manager filings combined with the long-short hedge fund strategy signals Fletcher and Stainrod are either launching their first dedicated fund after operating as individuals or within another structure, meaning allocators cannot reference a track record of capital deployment or LP management at the manager level.

A $75M target in May 2026 reflects timing when long-short hedge funds are re-gaining attention after years of outflow pressure, and the offshore-first positioning suggests the GPs are building initial AUM from non-U.S. LPs before potentially launching a onshore parallel vehicle for U.S. allocators.

Verify whether Fletcher and Stainrod have previously managed capital under a different legal entity or operating company name, as the absence of EDGAR history does not confirm this is their first fund—cross-check their backgrounds through industry databases and LP references to confirm actual AUM history and any key-man or GP continuity terms that may apply.