Chelsea Addison Partners LP

With no prior EDGAR filings and a single named GP, this appears to be Sethi's first formal fund vehicle, meaning the hedge fund structure signals either a spin-out from a larger platform, a transition from non-registered management, or a first institutional raise after operating informally—the 06b exemption choice indicates Sethi is relying entirely on pre-existing LP relationships rather than open marketing.

Filing in May 2026 aligns with the typical Q2 capital formation cycle when institutional allocators complete annual rebalancing and newer managers move fundraising forward; however, without visibility into whether this fills a gap in existing relationships or represents new capital-raising urgency, the timing alone does not clarify demand conditions.

Before engaging, verify whether Sethi has key-man provisions tied to any co-investors or whether this filing will be superseded by a larger fund vehicle with a stated target within 6 months; also confirm whether Sethi operated under another firm's registration or advisory license prior to this filing, as the lack of prior EDGAR history does not necessarily mean no relevant operating history.