PUMA VC Fund II LP

The absence of any prior EDGAR filings from this manager despite launching a successor fund signals either a first-time institutional raise (Fund I may have been smaller or structured privately) or a manager operating below the $25M threshold on Fund I that has now grown enough to file—either way, this is the manager's first SEC-registered vehicle, which means LPs should expect less regulatory visibility into how Fund I was actually managed.

A mid-2026 filing for an $18M venture fund occurs as macro venture capital fundraising has stabilized after the 2023–2024 contraction, positioning the manager to capitalize on LP appetite for smaller, focused funds without the deployment pressure facing mega-funds; the 06b exemption also confirms this is a relationship-based raise, likely built on Fund I distributions or direct founder networks rather than broad market outreach.

Before committing, verify whether Amit Hazan has a formal key-person clause tied to his continued involvement post-close, and confirm Fund I's actual vintage year and any available performance data, since the lack of EDGAR history means no public record of how the predecessor fund was capitalized, managed, or distributed—this gap is critical for assessing management continuity.