MAGNUS INVESTORS LLC

The absence of prior EDGAR filings from this manager means this is a debut institutional vehicle, so the 506(b) exemption choice—limiting to pre-existing relationships only—reveals Vartanian is bootstrapping investor relations through existing networks rather than conducting a broad market fundraise, a common pattern for operators transitioning from operating roles or smaller platforms into formal fund management.

Filing in May 2026 during a hedge fund allocation thaw following macro uncertainty suggests Vartanian timed this to capture LP appetite returning to alternatives after a period of caution; the pre-existing-relationships-only structure allows flexibility to close the fund without SEC pressure before year-end reinvestment cycles begin.

Verify the key-man status and succession clause with Vartanian before committing, since a single-GP structure with no manager history on file creates concentration risk; additionally, confirm whether this filing will be amended to reflect actual target size and final terms, as placeholder filings sometimes sit dormant or are superseded without updated disclosures.