COLT CAPITAL INVESTMENTS, LLC

Desai is operating as a solo GP with no co-managers or affiliated entities on record, which signals either a first-time institutional fund or a deliberate decision to consolidate control—the 06b exemption (pre-existing relationships only) confirms this is a closed network raise rather than an open market effort.

A mid-2026 amendment filing for a hedge fund typically reflects either LP requests for updated governance ahead of capital calls, or repositioning after 18–24 months of live trading to reflect realized performance or strategy drift that justifies modified terms.

Before committing, LPs should request the full operative agreement to confirm the key-man clause scope (whether it ties to Desai alone), verify how any prior net returns track against the updated fee structure, and confirm whether this amendment affects redemption gates or lock-up periods for existing or new capital.