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SEC EDGAR · Form D
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Other  · May 13, 2026  · 06b

HII Polymarket Series IV, a Series of HII Polymarket LLC

Offering
$5.0M
Analysis

This is the fourth vintage in a series structure, indicating DeLap has successfully deployed and returned capital across at least three prior funds and is now raising a continuation vehicle for existing or follow-on LPs; the $5M target and 06b exemption (pre-existing relationships only) signal a concentrated LP base rather than a broad fundraise, typical of established series that retain their original backer relationships across vintages.

The absence of prior EDGAR filings from this manager creates a gap: either the first three vintages were structured to avoid EDGAR disclosure (possible under smaller thresholds or specific exemptions), or this Series IV represents a material shift in scale or structuring that triggered SEC filing requirements for the first time, warranting verification of whether prior funds exist outside EDGAR.

A May 2026 filing for a $5M follow-on suggests either a fixed LP commitment cycle (annual or multi-year) or a response to LP requests to deploy additional capital; the timing is neutral absent knowledge of the underlying strategy or whether polymarket exposure (suggested by the fund name) aligns with current volatility or regulatory conditions in prediction markets.

Before committing, LPs must confirm whether this vehicle has a dedicated key-man clause tied to DeLap, whether the prior three vintages (which are not visible on EDGAR) have disclosed their returns or any distributions, and whether DeLap is simultaneously raising capital across other vehicles or strategies—since a solo GP raising a fourth continuation fund without public track record visibility warrants transparency on any competing capital calls.

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Christopher DeLap
SEC EDGAR →
0002134467-26-000001