Satori Fund Ltd.

The complete absence of prior EDGAR filings from any variation of Niles Investment Management signals this is a debut institutional vehicle; the hedge fund choice (rather than a fund of funds or multi-strategy platform) combined with the 06b exemption reflects a manager launching into regulated AUM territory for the first time, likely migrating from private advisory or family office relationships.

A May 2026 filing for a $31M hedge fund target arrives during a period of LP rebalancing into alternatives after equity volatility, and the tight pre-existing-relationships-only exemption choice suggests the managers are funding this raise through a specific cohort of known LPs rather than pursuing broad market access—typical for emerging managers validating product-market fit before larger infrastructure investment.

Verify whether Daniel and Jennifer Niles hold current Series 7 or Series 65 registrations and whether Kevin Lincoln is bound by non-compete or key-person clauses from prior roles, as these individuals' regulatory history and availability will directly affect fund continuity if either principal becomes unavailable during the fund's life.