Lacunae Fund, LP

No prior EDGAR filings for this manager indicate either a first-time institutional raise or a newly registered entity, meaning allocators cannot reference prior vintage performance, fee evolution, or realized exits to calibrate manager quality or alignment—the three-GP configuration suggests Flannery is building infrastructure for a multi-strategy or multi-fund platform rather than launching a single vehicle.

A June 2026 filing for a hedge fund with undisclosed target sizing coincides with mid-year LP review cycles and a period when allocators are reconstituting portfolios post-H1 earnings; the placeholder status implies the manager is still in pre-marketing or conducting soft closes before disclosing a formal cap, which is common when seeking anchor commitments.

Before committing, verify whether Jordan Flannery is subject to a non-compete or key-man clause tied to any prior fund, and confirm the relationship between Lacunae Fund GP, LLC and Lacunae Capital, LLC—specifically which entity holds the actual management contract and whether both are required to sign off on material decisions, as dual sponsorship can create ambiguity in decision rights and liability during stress scenarios.