Lucida Opportunities Offshore Fund 1 SP

With no prior EDGAR filings from this manager, this is their first registered vehicle—a material signal that either Kosoy and Tiller are launching an independent operation after prior institutional roles, or they are structuring for the first time to accommodate offshore capital; the 06b exemption limiting solicitation to pre-existing relationships narrows the LP base to direct relationships and syndicate networks rather than broad outreach.

Filing in May 2026 during a period of renewed allocator appetite for offshore domiciled funds and post-2025 deployment cycles suggests Kosoy and Tiller are capitalizing on LP readiness to commit to new vehicles; the placeholder status indicates they expect to finalize and amend this filing once anchor commitments close, a typical pattern for emerging managers with concentrated relationships.

Before engagement, verify whether either GP has prior fund management history outside EDGAR (family offices, continuation vehicles, or non-registered funds) and confirm the fund's actual minimum commitment size and fee structure once disclosed, as early-stage managers often adjust terms materially between placeholder and final filings; also confirm whether a key-man provision applies to both GPs or only one.