Research
Independent analysis of SEC filings, private funds, RIAs, websites and regulatory records.
Lavelle Capital Opportunity Series 11 SEC Review: Inside Lavelle's Expanding Private-Market SPV Platform
Lavelle Capital Opportunity LP - Series 11 is a newly formed Delaware limited partnership, but it is not the first vehicle built under the Lavelle Opportunity architecture. Its September 15, 2026 Form D reports an indefinite offering, no securities sold, zero investors and no first sale yet, with a $500,000 minimum investment. The issuer selected Pooled Investment Fund and Other Investment Fund rather than hedge fund, private equity fund or venture capital fund; it offers equity, pooled investment fund interests and limited partner interests, relies on Rule 506(b), claims the Section 3(c)(7) exclusion and expects the offering to remain open for more than one year. VSR SPV GP LLC is named as general partner, Sanjeev Rao is identified as manager of that GP, and Salina Yeung appears as Head of Operations & Finance of the GP. All use Lavelle's 345 California Street office in San Francisco. The filing also states that the general partner receives carried-interest distributions while an affiliate receives an investment-management fee, establishing an economic connection between the fund structure and the Lavelle management platform even though the first closing had not yet occurred. :contentReference[oaicite:0]{index=0}
Lavelle Capital Opportunity LP - Series 11 · CIK 0002155316Read article →
CVC Credit Partners Private Credit 2026-N Fund SEC Review 2026: New Luxembourg Vehicle, €52B Credit Platform & EUDL V Context
CVC CREDIT PARTNERS PRIVATE CREDIT 2026-N FUND SEC REVIEW 2026
CVC Credit Partners Private Credit 2026-N Fund (EL) SCSp · CIK 0002152785Read article →
6200 Overseas Hwy Holdings SEC Review 2026: $11.6M Debt Raise, BSD Capital and a Florida Keys Redevelopment Site
6200 Overseas Hwy Holdings LLLP is not a generic real estate fund. It is a property-specific Florida partnership tied directly to BSD Capital and apparently structured around one of the larger redevelopment sites in Marathon in the Florida Keys. Its September 14, 2026 Form D reports a $11.76 million Rule 506(b) debt offering, with $11,601,600 already sold to 52 investors and only $158,400 remaining. The securities are explicitly classified as debt rather than equity or pooled investment fund interests, and the minimum outside investment is $50,000. The issuer dates its first sale to October 3, 2023, only weeks after the Florida partnership was created on September 13, 2023. Florida corporate records separately identify BSD Capital JV2 LLC as both registered agent and general partner, while SEC records name Guy Levintin, Sharon Sharaby, Boaz Rosenblat and Yoav Rosenblat as executive officers. That evidence produces a clear sponsor trail. The more important investment question is what the $11.6 million of investor debt is secured by, how it ranks against any mortgage or construction financing, and whether the redevelopment economics of the Marathon property support repayment. :contentReference[oaicite:2]{index=2}
6200 Overseas Hwy Holdings LLLP · CIK 0002141602Read article →
Route One Fund I SEC Review: $2.2B Form D History and Route One's Concentrated Investment Platform
Route One Fund I, L.P. is not notable because it filed another annual Form D amendment in 2026; it is notable because the same hedge fund has remained visible in the SEC exempt-offering system for roughly sixteen years while accumulating more than $2.20 billion of reported securities sales. The Delaware limited partnership traces its first sale to November 1, 2010 and continues to operate through an indefinite Rule 506(b) offering. Its September 2026 amendment reported $2,203,440,998 of cumulative securities sold to 185 investors, a $100,000 minimum investment, no fixed offering ceiling and no stated final fundraising deadline. Route One Investment Company, LLC remains the general partner, while William F. Duhamel and other long-standing Route One principals recur across the fund and manager filings. The structure relies on Section 3(c)(7), placing the vehicle firmly within the qualified-purchaser private-fund market. The key analytical point is that $2.203 billion is a cumulative Form D sales figure accumulated over many years; it is not current NAV, present gross assets or a performance statistic.
Route One Fund I, L.P. · CIK 0001497232Read article →
Nalanda Ventures AI Opp Fund SEC Review: $680K AI Vehicle and Sydecar Series Structure
Nalanda Ventures AI Opp Fund I is a small, fully subscribed venture vehicle whose most important feature is not scale but legal structure. The Delaware issuer is organized as a series of CGF2021 LLC, uses Sydecar LLC as administrator and manager, and filed a September 16, 2026 Form D amendment reporting a $680,000 offering that had been fully sold to 15 investors. The vehicle began selling interests on February 6, 2026, relies on Rule 506(b) and Section 3(c)(1), and classifies itself specifically as a Venture Capital Fund within the Pooled Investment Fund category. Brett Sagan appears as an officer of the issuer's administrator and signs the filing as General Manager of Sydecar LLC, a manager of the applicant. This makes the fund very different from a conventional standalone VC partnership with its own named GP, office, adviser registration and public website: the regulatory evidence instead points to an administered series-SPV architecture built on Sydecar infrastructure. :contentReference[oaicite:0]{index=0}
Nalanda Ventures AI Opp Fund I a Series of CGF2021 LLC · CIK 0002101208Read article →
Capital B SEC Review 2026: $34.97M U.S. Form D, 3,525 BTC and Europe's Bitcoin Treasury Company Strategy
Capital B S.A. is fundamentally different from most private issuers reviewed by FilingDossier because it is already a publicly traded French company with an active Bitcoin treasury strategy, repeated equity and warrant financings, and public-market disclosure in Europe. The September 14, 2026 Form D reports a $34,971,384 Rule 506(b) offering that was completely sold to 12 investors following an August 28 first sale. The securities are not ordinary pooled-fund interests: the filing selects options, warrants or other rights to acquire securities and the securities issuable upon exercise. Maxim Group LLC is named as the U.S. sales recipient, with estimated commissions of $621,284. Capital B's own public disclosures identify the company as the former The Blockchain Group and describe its strategy as increasing Bitcoin per fully diluted share over time through capital raising, Bitcoin accumulation and financial engineering. As of September 14, 2026, the company said it held 3,525 BTC. The key diligence issue is therefore not whether Capital B exists or owns Bitcoin; those points are well documented. The real question is how repeated warrant, share and convertible-bond issuance affects dilution, Bitcoin per share and investor economics.
Capital B S.A. · CIK 0002141268Read article →RESEARCHSEC Filings · Verification · Analysis
Kohlberg Investors VIII CV SEC Review 2026: New Continuation Vehicle, Cadence, Goldman Sachs & Fund VIII Exit Structure
Kohlberg Investors VIII CV, L.P. is a particularly useful example of why a new Form D with $0 reported sold should not automatically be interpreted as an untested sponsor or insignificant vehicle. Public Form D indexes show a new Rule 506(b) filing on September 21, 2026 for the New York-based private fund, with no securities reported sold as of the filing. The "CV" designation, however, sits inside Kohlberg & Company's much older private-equity franchise and is consistent with a continuation-vehicle structure rather than a conventional first-time blind-pool raise. Contemporary secondary-market reporting identifies Kohlberg Investors VIII CV as a continuation vehicle connected to Kohlberg's 2016-vintage Fund VIII and says Lazard is acting as placement agent. Kohlberg itself currently reports approximately $18 billion of assets under management, 10 private-equity funds since inception, more than 95 platform investments and more than 290 add-on acquisitions. The correct interpretation is therefore narrow: the September Form D confirms the launch of a new exempt offering that had not yet recorded sales at filing; it does not mean Kohlberg had only $0 of assets or that the underlying portfolio had no value.
Kohlberg Investors VIII CV, L.P.Read article →
Glade Brook Private Investors LXIV LP SEC Review: $10M Single-Investor Fund Inside Glade Brook's Growth Equity Network
Glade Brook Private Investors LXIV LP is best understood as a newly created transaction-oriented private equity vehicle inside a much older Glade Brook fund architecture, rather than as a stand-alone manager appearing for the first time in 2026. The Delaware limited partnership filed its initial Form D on September 15, 2026 after reporting a first sale on August 25. It disclosed $9,999,908 sold to exactly one investor, an indefinite total offering amount, no stated outside-investor minimum, no sales commissions or finder fees, and an offering expected to last no more than one year. The filing classifies the issuer specifically as both a pooled investment fund and private equity fund, offers Series A limited partnership interests, relies on Rule 506(b) and claims the Section 3(c)(7) exclusion. GBPM LXIV GP LLC is identified as general partner, while Paul J. Hudson is listed as an executive officer and promoter. The SEC filing goes one step further by stating that Hudson is the managing member of the managing members of both the general partner and the investment manager, creating a direct control link from the fund through its GP and manager to Glade Brook's founder.
Glade Brook Private Investors LXIV LP · CIK 0002154172Read article →
Felicitas Income Fund SEC Review: Private Credit Fund Rebuilt from Felicitas Debt Fund
Felicitas Income Fund is materially different from most newly filed Form D vehicles because it is not simply an unregistered private fund using Regulation D. It is a Delaware statutory trust formed in 2026 and registered under the Investment Company Act of 1940 as a non-diversified closed-end management investment company. Its September 15, 2026 Form D identifies an indefinite Rule 506(b) offering of pooled investment fund interests, a $25,000 minimum investment, zero investors and zero securities sold at the filing date, with the first sale still yet to occur. The filing also explicitly marks the issuer as an investment company registered under the 1940 Act. Felicitas Global Partners, LLC is named as adviser and promoter, while David G. Lee, Robert Seyferth, Gary E. Shugrue and Terrance P. Gallagher appear as trustees and Bonar Chhay, Madeline Arment and Bernadette Murphy appear in executive roles. This creates a much richer regulatory footprint than a standard private-credit Form D because the vehicle can also be traced through Form N-8A, Form N-2, an investment-management agreement, administration agreements and the wider Felicitas registered-fund complex.
Felicitas Income Fund · CIK 0002121502Read article →
Arana Fund I SEC Review 2026: $1.81M Raise, Arana Ventures, Small-Cap Digital Assets & Ann Arbor Crypto Fund Structure
Arana Fund I, LP is a newly disclosed private pooled-investment vehicle whose regulatory record connects to a much more specific operating story than the generic "Fund I" name suggests. Public Form D indexes show that Arana Fund I filed a new Rule 506(b) offering on September 21, 2026 and reported approximately $1,814,810 of securities sold. The filing is associated with Michigan, while the broader Arana investment platform operates from Ann Arbor. That new filing follows an August 19, 2026 Form D from Arana Ventures LLC, CIK 0002142525, which identified an Ann Arbor address at 110 West Liberty Street, Suite 201, a $25,000 minimum investment, 25 investors and Parth Valecha and Umar B. Abdullah as related persons. The close timing, shared Arana branding, geographic overlap and publicly documented Arana team provide meaningful evidence of a connected investment platform, but researchers should still distinguish Arana Fund I, LP from Arana Ventures LLC unless the fund's governing documents expressly establish the GP, adviser or feeder relationship.
Arana Fund I, LP · CIK 0002142525Read article →
Base Rate B Plus Fund SEC Review: $31.9M Hedge Fund and 3B Capital's Dual-Manager Structure
Base Rate B Plus Fund, L.P. has a more interesting structure than its name initially suggests because the latest Form D explicitly divides investment-management responsibility between two related entities. The Delaware hedge fund was formed in 2025, reported its first sale on January 2, 2026 and, by the September 16, 2026 amendment, had sold $31,889,346 of interests to 52 investors. It relies on Rule 506(b) and Section 3(c)(1), reports an indefinite offering and states that the offering is intended to continue for more than one year. Most importantly, the SEC filing identifies 3B Futures Management, LLC as both general partner and investment manager with respect to commodity interests, while 3B Capital Management, LP is separately identified as investment manager with respect to securities. Carl Y. Baggett and Thomas Bonn are both named as managers of the general partner. That securities-versus-commodities split is the central research story because it suggests a hybrid hedge-fund structure that may combine traditional securities exposure with futures or other commodity-interest strategies rather than operating as a plain long-short equity vehicle.
Base Rate B Plus Fund, L.P. · CIK 0002085636Read article →
Entrepreneurs Capital SEC Review 2026: $2.08M Series 4, Daniel Dubois and the EO/YPO Founder-Investor Network
Entrepreneurs Capital LP - Series 4 is a fully subscribed 2026 venture vehicle whose strongest verification signal is not its Delaware address but the person named in the SEC filing. The September 14 Form D reports a $2,076,923 Rule 506(b) offering that was already completely sold to 13 investors only three days after the September 11 first sale. Daniel Dubois is the sole related person and is identified as Director, while Jared Snow signed as Chief of Staff. Separate official Entrepreneurs Capital materials describe a global investment community created from EO Angels and YPO Angels, and Moonrise's biography of Dubois expressly says he started EO and YPO Angels, now Entrepreneurs Capital. This makes the manager/brand connection materially stronger than the generic administrative information visible in the SEC notice. At the same time, Series 4 itself remains highly opaque: Form D does not identify the company being financed, the securities acquired, valuation, ownership percentage or whether this particular series participates in the publicly advertised Entrepreneurs Capital x Side Door Ventures Seed Fund.
Entrepreneurs Capital LP - Series 4 · CIK 0002133756Read article →