Research
Independent analysis of SEC filings, private funds, RIAs, websites and regulatory records.
Kore Fund SEC Review: $159.85M Across Two Feeders Behind a Multi-Strategy Credit Master Fund
Kore Fund's public structure is unusually clear once the master and feeders are separated correctly. Kore Advisors LP's Form ADV identifies Kore Fund Ltd. as a Cayman Islands master fund with private-fund identification number 805-3721107569 and identifies Kore Offshore Fund Ltd. and Kore Onshore Fund LP as feeders into that master. The offshore feeder is also Cayman-domiciled, while the onshore feeder is a Delaware limited partnership operating from Kore's Boynton Beach, Florida office. The latest September 11, 2026 Form D/A for Kore Onshore Fund reports an indefinite Rule 506(b) offering with $81.85 million sold to 10 investors. The matching offshore amendment reports an indefinite Rule 506(b) offering with $78 million sold to four investors. Combined, the two feeder filings therefore represent approximately $159.85 million of cumulative securities sold, but that total is not automatically the master fund's NAV because subscriptions, withdrawals, gains, losses, leverage and other capital movements can make current net assets materially different from cumulative Form D sales.
· CIK 0001938635Read article →
Two Coin Capital SEC Form D Review 2026: New $1M Onshore and $5M Offshore Hedge Funds Linked to the No Street Capital Address
Two Coin Capital is a newly created 2026 hedge-fund structure rather than an established fund with years of standalone performance. Two Coin Capital LP was organized in Delaware in 2026 and filed its first Form D on August 17, 2026. The filing identifies Two Coin Capital GP LLC as general partner and Craig N. Baum as manager of that GP, classifies the issuer as a hedge fund, relies on Rule 506(b) and Investment Company Act Section 3(c)(7), and reports an indefinite offering with a $1 million minimum investment. Critically, first sale had not yet occurred, $0 had been sold and investor count remained zero. One month later, Two Coin Capital Offshore Ltd appeared as a separate Cayman Islands exempted company. Its September 18 filing uses the same hedge-fund classification, Rule 506(b) and Section 3(c)(7), but raises the minimum to $5 million and likewise reports no first sale, $0 sold and zero investors. The parallel timing and naming strongly indicate an onshore/offshore architecture designed for different investor populations rather than two unrelated funds.
Two Coin Capital LP · CIK 0002150501Read article →
Andurand Commodities Discretionary Enhanced Fund SEC Review 2026: $53.6M U.S. Vehicle Inside Pierre Andurand's Energy Trading Platform
Andurand Commodities Discretionary Enhanced Fund LP is part of Pierre Andurand's established commodities hedge-fund complex rather than a standalone $53.6 million manager. The Delaware LP's August 7, 2026 Form D/A reports $53,639,682 cumulatively sold to 19 investors, an indefinite Rule 506(b) offering, Section 3(c)(7) status and a Form D minimum of $0. The filing identifies Andurand Capital (GP) Limited as general partner, Andurand Capital Management LLP as investment manager, Andurand Capital Management Ltd as manager and Andurand Capital Management (DIFC) Ltd as an additional investment manager. A parallel Cayman Enhanced Fund reported another $18 million of U.S. Regulation D sales to seven investors in September 2026. These numbers should not be mechanically added and called strategy AUM because Cayman regulatory records and Andurand's own policy documents place the Enhanced vehicles within the wider Andurand Commodities Discretionary Master Fund architecture, meaning multiple investor vehicles can ultimately access the same underlying trading strategy.
Andurand Commodities Discretionary Enhanced Fund LP · CIK 0001780997Read article →
AIM Defined Investment Fund SEC Review 2026: $53.7M Form D History, a September Reporting Reset and Adams Wealth's Commodity-Pool Structure
AIM Defined Investment Fund LLC is a long-running Adams Wealth Advisors private fund with a verified SEC adviser relationship, but its latest Form D creates a reporting anomaly that materially changes how the vehicle should be described. The fund began filing in 2019 and followed a relatively orderly growth path for years: approximately $2.0 million sold to 10 investors in 2019, $5.50 million to 23 investors in 2020, $28.45 million to 58 investors in 2022, $34.21 million to 60 investors in 2023, $41.18 million to 65 investors in 2024, $49.45 million to 82 investors in 2025 and $53.74 million to 103 investors in the April 10, 2026 amendment. The September 1, 2026 amendment then reset the reported amount sold and investor count to zero. Nothing in the reviewed Form D history explains whether that reflects a technical correction, restructuring, reporting change, liquidation, transfer to another structure or some other event. The correct conclusion is therefore not that the fund "lost" or "returned" $53.7 million, but that the latest securities-offering filing no longer carries the previously reported cumulative capital figure and investors need current fund financial statements or manager confirmation to understand the economic position.
AIM Defined Investment Fund, LLC · CIK 0001773374Read article →
M13 Ventures V SEC Form D Review 2026: $400M Target, $0 Sold at Launch and a Fund IV Institutional Track Record
M13 Ventures V, L.P. is a new 2026 Delaware venture capital vehicle launched by an established venture platform, but the most important number in its first SEC filing is not simply the headline $400 million target. The July 29, 2026 Form D states that first sale had not yet occurred, reports $0 sold and zero investors, and leaves the entire $400 million amount remaining. The issuer relies on Rule 506(c) and Section 3(c)(7), offers pooled investment fund interests and identifies M13 Ventures Management, LLC as management company and M13 Ventures V GP, LLC as general partner. Carter Reum signed the notice as manager of the general partner. The fund uses 1800 Avenue of the Stars, Suite 205 in Los Angeles, the same address M13 lists publicly for its Los Angeles office. That alignment makes the manager identity highly verifiable, but it also means the filing should be described precisely as a fundraising launch rather than evidence that $400 million has already been raised.
M13 Ventures V, L.P. · CIK 0002147241Read article →
LLJ Multifamily Ventures 21 SEC Review 2026: $8.85M Fully Sold Real Estate Vehicle Backed by LLJ Ventures
LLJ Multifamily Ventures 21 LLC is a newly formed residential real estate investment vehicle managed by the same San Diego sponsor that has used the LLJ Multifamily Ventures naming convention for many earlier apartment and development investments. The September 1, 2026 Form D is a New Notice rather than an amendment and reports a July 13 first sale, an $8.85 million total equity offering, the full $8.85 million already sold to 24 investors and nothing remaining to be sold. The issuer relies on Rule 506(b), reports no sales commissions or finder fees and states that the offering is not intended to continue for more than one year. LLJ Ventures Enterprises LLC is explicitly named as manager of the issuer, while Leonardo Simpser and Luis Maizel are both identified in the filing through their management roles at LLJ Ventures Enterprises. This makes the sponsor connection unusually clear. What the Form D does not disclose is equally important: it does not name the apartment complex, development site, acquisition price, debt financing, number of units, projected hold period or targeted investor return. FilingDossier therefore should not attach a specific property to "Multifamily Ventures 21" until a deed, lender filing, sponsor announcement or other project-level source establishes that link.
LLJ Multifamily Ventures 21, LLC · CIK 0002152800Read article →
ISQ Global InfraTech Fund II SEC Review: $30M Raised as I Squared Expands Into Physical AI and Space Infrastructure
ISQ GLOBAL INFRATECH FUND II SEC FORM D REVIEW
· CIK 0002034251Read article →
Mastermind Multifamily Investments SEC Form D Review 2026: $13.89M Raised After a Prior $20M Offering Was Fully Sold
Mastermind Multifamily Investments LLC is a Missouri residential real estate issuer with a more substantial fundraising history than the latest Form D alone reveals. The company was formed in 2024 and lists 1664 E Sunshine Street in Springfield, Missouri as its principal business address. Its September 18, 2026 Form D/A identifies Stephen Chavez, Cameron G. Jones and Cody Mooneyham as executive officers and classifies the business specifically as Residential real estate. The current offering is an equity offering under Regulation D Rule 506(b), has a $20 million target, a $25,000 minimum investment and a July 9, 2026 first-sale date. By September 18, the issuer reported $13,885,000 sold to 19 investors, leaving $6,115,000 still available. No sales commissions or finder fees were reported. Those figures establish an active capital raise, but the more interesting finding is that this is not Mastermind Multifamily's first $20 million fundraising cycle.
Mastermind Multifamily Investments, LLC · CIK 0002051998Read article →
Amplica Bio SEC Form D Review: $30K Stealth Biotech Raise, Harvard-MIT Science and a Missing Product Footprint
Amplica Bio, Inc. entered the SEC record on September 11, 2026 with one of the smallest initial raises in the current biotechnology filing set. The Delaware corporation was formed in 2026, lists 2810 N Church Street, Suite 90465 in Wilmington as its principal business address and classifies itself as a biotechnology company. Its Form D reports a first sale on September 2, 2026, an indefinite offering under Rule 506(b), $30,000 sold to one investor and no fixed amount remaining because the issuer selected "Indefinite" for the total offering. The securities are described as both equity and Simple Agreements for Future Equity, or SAFEs. No sales commissions, finder fees or related-person payments were reported, and Amplica declined to disclose revenue. The correct takeaway is therefore not that Amplica has completed a major venture round, but that it has begun a private financing program and had accepted only a small initial investment when the filing was submitted.
Amplica Bio, Inc. · CIK 0002154543Read article →
Hidden Lake Onshore Fund SEC Review: $22.92M Form D Raise Behind a $378M Adviser and Options-Heavy $332M 13F Book
Hidden Lake Onshore Fund LP's September 18, 2026 Form D amendment reports an indefinite hedge-fund offering with $22,921,993 sold to 18 investors. The Delaware limited partnership identifies February 1, 2020 as its first sale date, relies on Rule 506(b) and Investment Company Act Section 3(c)(1), and states that the offering is intended to continue for more than one year. The filing reports a $0 regulatory minimum investment, no commissions or finder fees and no direct payments from offering proceeds to the named related persons, although it expressly notes that the investment manager receives customary management fees. Hidden Lake Asset Management LP is identified as investment manager, Hidden Lake Fund GP LLC as general partner and Kevin Mok signed the filing as managing member of the general partner. This establishes a clear regulatory identity chain, but the $22.92 million figure should be treated as cumulative securities sold through this specific Form D offering rather than current net asset value, overall manager AUM or the size of the publicly traded portfolio.
Hidden Lake Offshore Fund Ltd. · CIK 0001750426Read article →
Cahaba Partners Total Return Fund SEC Review 2026: $78.6M Form D Reset Inside Highland Associates' $21B Institutional Platform
Cahaba Partners Total Return Fund Ltd is not a standalone boutique hedge fund. It is the Cayman feeder in a Highland Associates-managed institutional master-feeder structure and sits inside a much larger investment-consulting and pooled-fund platform now owned by Regions Bank. The September 1, 2026 Form D/A reports $78,631,774 sold to 15 investors under Rule 506(b), an indefinite offering and a reported $0 minimum. That number is dramatically lower than the $299,316,417 reported in April 2025, but the decrease should not be interpreted as a simple $220.7 million investment loss or investor withdrawal because this issuer has repeatedly reset or materially changed its Form D amount-sold figure over the last decade. The same CIK reported approximately $195.8 million in 2016, $458.1 million in 2017, $524.5 million in 2018, $507.9 million in 2019, $0 in both 2020 and 2021, $5.4 million in 2022, $291.8 million in 2023, $307.2 million in 2024, $299.3 million in 2025 and $78.6 million in 2026. Form D does not explain the accounting basis behind those resets, so the filing history should be treated as a changing regulatory reporting series rather than a conventional cumulative fundraising chart.
Cahaba Partners Total Return Fund Ltd · CIK 0001679150Read article →
Equitable Housing Solutions Fund II SEC Review: $263M Raised Above Its $250M Target for Mixed-Income Housing
EQUITABLE HOUSING SOLUTIONS FUND II SEC FORM D REVIEW
Equitable Housing Solutions Fund II LP · CIK 0002076405Read article →