Research
Independent analysis of SEC filings, private funds, RIAs, websites and regulatory records.
Is Nova Select LP Legit? SEC Form D Review of Its Fully Subscribed $5M Raise, Single Investor and Shared Nova Fund Platform 2026
Nova Select, LP is a newly formed 2026 Delaware private fund that reported something unusually concentrated for a fresh Form D issuer: its entire $5 million offering had already been sold to a single investor by the time the filing was submitted on September 14, only eleven days after the stated September 3 first sale.
Nova Select, LP · CIK 0002153845Read article →
PHB Capital Fund Targets $5 Million in Debt While Sharing Jason Pritchard's Exact Pinnacle Investments Address and Phone — SEC Review of the Central California Real Estate Fund
PHB Capital Fund, LLC is a newly formed Delaware real estate vehicle whose SEC filing is sparse on portfolio details but unusually easy to connect to an established Central California property operator. The September 10, 2026 Form D describes a $5 million Rule 506(b) offering, $0 sold, zero investors, a $50,000 minimum and no first sale yet. Unlike a conventional private-equity fund filing, PHB selected "Other Real Estate" as its industry and checked both Debt and Pooled Investment Fund Interests as securities offered. Jason Pritchard is the only related person and signs as President of Manager, although the filing does not disclose the manager's legal name. The most important external evidence is unusually exact: PHB Capital Fund uses 1187 N. Willow Ave., Suite 103, PMB 609 in Clovis and telephone 559-994-1821 — the same address and phone publicly listed for Jason Pritchard's Pinnacle Investments LLC. That provides a strong operating link while still stopping short of proving that Pinnacle Investments is the legal manager of the fund.
PHB Capital Fund, LLC · CIK 0002153826Read article →
Is Northwind Trade Finance Fund Legit? SEC Form D Review of Its $100M Offering and Unresolved $300K Filing Contradiction 2026
Northwind Trade Finance Fund LP presents an unusual SEC record that is more important than its $100 million headline target. The Delaware partnership filed its first Form D on August 26, 2026 reporting $150,000 sold, then amended the filing on September 14 and increased the amount sold to $300,000. Yet both filings sim
Northwind Trade Finance Fund LP · CIK 0002152145Read article →
Is Moorstone Structured Commodities Fund II Legit? SEC Form D Review of Its $1B Master-Feeder Structure, $626.05M Initial Raise and Anchorage Spinout 2026
Moorstone Structured Commodities Fund II is a large institutional commodities vehicle whose public record is unusually clear on legal structure and sponsor lineage. The Cayman-domiciled Moorstone Structured Commodities Offshore Fund II, LP filed a $1 billion Rule 506(b) offering in March 2026 and reported $626.05 milli
Moorstone Structured Commodities Offshore Fund II, LP · CIK 0002113005Read article →
Comedor Capital SPV I Fully Sold $5.71 Million Days Before a $6 Million Overfuel Deal — SEC Review of the New Austin Growth-Equity Platform
Comedor Capital SPV I, LP is a small but unusually interesting private investment vehicle because its SEC financing event sits immediately beside Comedor Capital's first highly visible growth-equity transaction. The September 10, 2026 Form D reports a precisely sized $5,706,250 offering, all of which had already been sold to 19 investors after an August 12 first sale. The vehicle relies on Rule 506(b) and Section 3(c)(1), reports no remaining securities to be sold, no sales commissions or finder's fees and a $0 stated minimum. Comedor Capital itself is listed as promoter with the clarification "General Partner," while Kirk Carson signed as Authorized Signatory. Seven days after the Form D filing, Comedor publicly announced a $6 million growth investment in Overfuel, an AI-native automotive technology company. The timing and close size are notable, but the reviewed SEC filing does not identify Overfuel, so FilingDossier does not conclude that SPV I financed that transaction without subscription, purchase or portfolio documentation.
Comedor Capital SPV I, LP · CIK 0002153784Read article →
Is Northwind Trade Finance Fund Legit? SEC Form D Review of Its $100M Target, $300K Sold and Zero-Investor Filing Anomaly 2026
Northwind Trade Finance Fund LP is a newly organized Delaware offering with a large $100 million target but a very small amount of reported capital relative to that target. Its August 26, 2026 Form D reported $150,000 sold, and a September 14 amendment increased that figure to $300,000. The filing identifies Northwind
Northwind Trade Finance Fund LP · CIK 0002152145Read article →
Integra Multifamily Opportunity Fund Raised $47.35 Million After a $151 Million Miami Apartment Exit — SEC Review of the Firm's Shift Toward a Dedicated Multifamily Fund
Integra Multifamily Opportunity Fund LP marks an important structural change inside a real estate organization that historically built much of its public record project by project. Its September 10, 2026 Form D reports a fixed $125 million offering, $47.35 million already sold to 33 investors following an August 22 first sale, and a comparatively high $1 million stated minimum investment. The Delaware partnership relies on Rule 506(b) and both Sections 3(c)(1) and 3(c)(7). Integra Multifamily Fund GP LLC is the General Partner, while Integra Opportunity Fund Manager LLC is expressly identified as Investment Manager. Cory Yeffet, Paulo Melo, Nelson Stabile, Matthew Scarola and Victor Ballestas all appear in the related-person chain. Approximately 37.9% of the stated offering had therefore been sold by the filing date, but the SEC notice does not identify the properties already acquired or earmarked for the fund.
Integra Multifamily Opportunity Fund LP · CIK 0002107754Read article →
Is Lakeside Village HMS Investors I Legit? SEC Form D Review of Its $7.5M Raise, 12 Investors and Unresolved Sponsor Identity 2026
Lakeside Village HMS Investors I LLC is a real 2026 SEC Form D issuer, but it is one of the least transparent vehicles in this batch. The September 14 filing confirms a $7.5 million equity offering under Rule 506(c), a September 1 first sale, $1.65 million already sold and 12 investors. Thomas Fitz Anderson is the only
Lakeside Village HMS Investors I LLC · CIK 0002152229Read article →
Shenkman's Values-Screened Credit Fund Reached $279.56 Million Inside an Irish Master-Feeder Structure — SEC Review of the Carne / State Street Architecture
Shenkman Multi-Asset Credit Values Screening Fund is not a conventional Delaware hedge fund using a simple U.S. GP structure. It is an Irish sub-fund of Shenkman Funds ICAV, and its September 10, 2026 Form D/A reports $279,563,312 sold to 35 investors under an indefinite Rule 506(b) offering, Section 3(c)(7), a $1 million U.S. minimum and a September 3, 2024 first sale. The capital progression is substantial: the initial September 2024 filing reported $176.5 million sold to eight investors, the September 2025 amendment increased that to $249.24 million across 21 investors, and the 2026 amendment added another $30.323 million to reach $279.56 million and 35 investors. The defining feature, however, is not simply fundraising growth. Irish regulatory records independently confirm that this feeder sits inside a formal master-fund architecture, with Carne Global Fund Managers (Ireland) Limited serving as AIFM and State Street Custodial Services (Ireland) Limited serving as depositary.
Shenkman Multi-Asset Credit Values Screening Fund · CIK 0002036834Read article →
Portion Oil & Gas II Launched at $0 After Its Predecessor Fully Sold $20.2 Million to 44 Investors — SEC Review of the Repeat Dallas Energy Fund Structure
Portion Oil & Gas Investor Holdings II, L.P. is a clean example of a repeat sponsor launching a new energy private-equity vehicle after fully completing an earlier raise. The September 10, 2026 Form D reports an indefinite Rule 506(b) offering, $0 sold, zero investors and no first sale yet. The Delaware partnership relies on Section 3(c)(7), offers equity and pooled-investment-fund interests, and names PC Oil and Gas Fund Holdings II GP LLC as General Partner. James Crain is identified as President of the General Partner, Portion Capital Management LLC as investment adviser to the issuer, and Nathan Watkin as Managing Director of the General Partner. The filing is therefore unusually clear about the control chain even though no outside capital had yet been reported. The strongest context comes from the prior Portion Oil & Gas Investor Holdings, L.P., which used the same Dallas address, same telephone number, same adviser and the same Crain/Watkin management structure and fully sold a $20.2 million offering to 44 investors in August 2024.
Portion Oil & Gas Investor Holdings II, L.P. · CIK 0002154259Read article →
Is Silvercrest Jefferson Fund Legit? SEC Form D Review of Its $64.9M U.S. Fund, $11.1M Cayman Feeder and Master-Fund Structure 2026
Silvercrest Jefferson is not a single legal fund but a layered multi-manager structure with both U.S. and offshore components. The September 2026 Form D/A for Silvercrest Jefferson Fund, L.P. reports approximately $64.90 million sold to 37 investors, while Silvercrest Jefferson Fund, Ltd. reports approximately $11.12 m
Silvercrest Jefferson Fund, L.P. · CIK 0001617964Read article →
Hillwood US Industrial Club VII Reached $836.67 Million as Pension Commitments Validate a $1.5 Billion Industrial Development Fund — SEC Review of the 5% GP Commitment and Logistics Build-to-Stabilize Strategy
US Industrial Club VII, L.P. is one of the clearest cases in this batch where the Form D can be cross-checked against detailed institutional-investor underwriting. The September 10, 2026 amendment reports $836,666,667 sold to 11 investors against a fixed $1.5 billion offering, up from $594.5 million in the September 2025 amendment. That is an increase of approximately $242.17 million in reported securities sales over one year. The fund is a 2024 Delaware partnership managed through Hillwood's Dallas industrial real estate platform, relies on Rule 506(b), and names US Industrial Club VII GP, LP as General Partner. Unlike many private funds whose investment thesis is visible only in sponsor marketing, New Jersey Division of Investment materials independently describe Club VII as a non-core industrial real estate strategy targeting a diversified portfolio of institutional-quality U.S. logistics assets through both ground-up development and acquisitions, with approximately $5 million to $35 million of equity per investment.
US Industrial Club VII, L.P. · CIK 0002028128Read article →