AP Reflection LP

Durham operates as a sole GP with no prior EDGAR filings on record, indicating this is either his first regulated fund vehicle or his prior activity occurred outside SEC reporting scope—the 06b exemption (pre-existing relationships only) suggests he is building from a closed network rather than establishing a new brand in the open market.

Filing in May 2026 aligns with mid-year LP budget cycles and portfolio rebalancing; the placeholder structure lets Durham lock in filing priority and exemption status while deferring final terms, a common tactic when market windows or LP commitments remain uncertain.

Verify whether Durham has executed prior deals or managed capital outside EDGAR visibility—check references, verify fund governance documents for key-person provisions, and confirm the actual target size and strategy before this placeholder converts to an active raise, as the blank offering creates opacity on fund scope and LP commitment leverage.