IN-0227 Fund I, a series of Hustle Fund Angel Squad, LP

With no prior EDGAR filings and only two named GPs, this manager operates under a lean GP structure and relies on 06b exemption (pre-existing relationships only), which signals either a newly-formed or recently-formalized fund vehicle that does not conduct broad LP outreach—this is consistent with angel or operator-led programs that build conviction through direct networks rather than institutional roadshows.

Filing in May 2026 aligns with the end of Q2 when many LPs finalize allocation decisions for the calendar year and when founders/operators who may co-GP angel vehicles often confirm availability for new commitments; the timing also positions the vehicle to deploy during H2 2026 when seed and early-stage deal flow typically peaks.

Verify whether the two named GPs include any key-man tied to follow-on deployment rights or whether the series structure allows capital to be re-allocated across parallel vehicles without LP consent—also confirm whether prior rollover commitments from earlier vintages (if any exist outside EDGAR) feed into this filing, as that would indicate how much of the $0M placeholder is actually new capital versus re-committed LP funds.