SEC Filing Record

Offering Amount

$40.0M

Strategy

PE

Exemption

06b

Date Filed

May 27, 2026

0002072063-26-000002

View on SEC EDGAR →

37A Read

The single named GP structure with no disclosed co-investment vehicle or parallel fund suggests Vilkin is running this as a concentrated vehicle without the multi-tiered architecture typical of larger platforms, which typically implies either a first institutional raise or a deliberate lean operating model that places LP capital and GP capital in the same vehicle.

No prior EDGAR filings from this manager indicate this is a debut institutional vehicle, meaning LPs are evaluating Vilkin without a disclosed track record of prior fund management, exits, or portfolio construction—a material constraint on due diligence that will require reliance on references, prior employment history, and deal-by-deal documentation.

A May 2026 filing for a $40M first-time fund arrives during a normalization window when smaller PE vehicles are competing for LP commitments against better-capitalized continuation funds and mega-fund deployments, suggesting Vilkin is moving to institutional capital before a specific market window or LP process closes.

Before committing, verify whether Vilkin has executed the key-man language (centering the fund on his role and defining replacement governance) and confirm whether this $40M target is a placeholder pending market response or a fixed commitment—early-stage PE funds frequently adjust targets within 12 months of filing, and the absence of prior manager history makes this cap sensitivity higher.

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Principals

Registered Manager

Lion 12 Manager GP Inc.

General Partners & Executives

Kevin Vilkin

Lion 12 LP