Research
Independent analysis of SEC filings, private funds, RIAs, websites and regulatory records.
TIG Arbitrage Associates in 2026: Why Its $145M SEC Form D, $1.8B AlTi Strategy AUM and $2.26B 13F Portfolio Tell Three Different Stories
TIG Arbitrage Associates L.P. is a particularly useful example of why a private-fund review cannot stop at a Form D headline. Its September 18, 2026 Form D/A reports $145,049,456 sold to 47 investors, yet parent-company disclosures describe the broader TIG Arbitrage strategy as managing approximately $1.8 billion at De
TIG Arbitrage Associates in 2026: Why Its $145M SEC · CIK 0001507816Read article →
Is Hidden Lake Asset Management Legit? SEC Form D Review of Its Onshore-Offshore Hedge Fund, $378M Adviser AUM and Japan Parallel Structure 2026
Hidden Lake Asset Management has a regulatory footprint that is unusually useful for cross-checking because the manager appears simultaneously in SEC investment-adviser records, recurring Form D filings and quarterly Form 13F reports. The September 18, 2026 filings show Hidden Lake Onshore Fund LP with $22,921,993 sold
Hidden Lake Asset Management · CIK 0001750426Read article →
Is Silvercrest Jefferson Fund Legit? SEC Form D Review of Silvercrest Asset Management's $11.12 Million Jefferson Fund 2026
Silvercrest Jefferson Fund, Ltd. is not a newly created 2026 private fund. It is a longstanding Cayman Islands investment vehicle whose latest Form D/A was filed September 14, 2026 and reports $11,115,963 of securities sold to seven investors under an indefinite Rule 506(b) offering. The issuer uses 9030 Stony Point Parkway, Suite 570 in Richmond, Virginia, identifies Silvercrest Asset Management Group LLC as investment manager and names Palmer Garson as a director. Silvercrest's own SEC reporting confirms that the Jefferson structure dates back more than a decade: the Cayman vehicle was formerly known as Jefferson Global Growth Fund, Ltd., Silvercrest took over as investment manager in 2014, and the fund invests substantially through Silvercrest Jefferson Master Fund, L.P. Silvercrest also manages a Delaware domestic parallel vehicle, Silvercrest Jefferson Fund, L.P., which pursues substantially the same strategy. The latest filing therefore represents an amendment to an established private-fund offering, not the launch of a new manager or first-time fund.
Silvercrest Jefferson Fund, Ltd. · CIK 0001618065Read article →
Is FSC Access Fund-M Legit? SEC Form D Review of 50 South Capital's $180.4M Hedge Fund Access Vehicle and Northern Trust Structure 2026
FSC Access Fund-M, Ltd. is materially different from the recent first-time venture and private-equity funds in this series because the investment thesis is not built around direct ownership of operating companies. Instead, the September 17, 2026 Form D identifies a Cayman Islands hedge fund managed by 50 South Capital
FSC Access Fund-M · CIK 0002153486Read article →
Is Historic Investment Fund 2026 Legit? SEC Form D Review of GBX Group's $150 Million Historic Real Estate Fund and QP Parallel Vehicle
Historic Investment Fund 2026 LLC is a verifiable 2026 Delaware private equity vehicle managed by GBX Fund Management, Ltd., the investment-management affiliate of Cleveland-based GBX Group. The September 14, 2026 Form D reports a $150 million Rule 506(c) offering, $150,000 sold, $149.85 million remaining, one investor and a $150,000 minimum outside investment, with the first sale occurring August 31, 2026. The fund is not registered as an investment company and relies on Section 3(c)(1). On the same filing date, GBX also launched Historic Investment Fund 2026 (QP) LLC, a parallel $150 million vehicle using Section 3(c)(7). That QP vehicle reported $455,000 sold to two investors, a September 2 first sale and the same $150,000 minimum. Both funds use the same Cleveland address, management team and Rule 506(c) structure. This two-vehicle architecture is the central research point: the 2026 program appears designed to accommodate different private-fund eligibility frameworks rather than functioning as a single undifferentiated offering.
Historic Investment Fund 2026 LLC · CIK 0002152241Read article →
Is Serendipity Capital Global Quantum Technologies Fund I Legit? SEC Form D Review of Its Cayman Dual-Fund Launch, Quantum Portfolio and Permanent-Capital Pivot 2026
Serendipity Capital Global Quantum Technologies Fund I is one of the more structurally distinctive new private funds in this batch because it represents a shift from Serendipity Capital's original permanent-capital model into a dedicated external fund structure. The September 15, 2026 Form D was filed jointly for two C
Serendipity Capital Global Quantum Technologies Fund I · CIK 0002129907Read article →
Is USEDC Opportunity Zone IV Legit? SEC Form D Review of U.S. Energy Development Corporation's $100 Million Qualified Opportunity Zone Fund 2026
USEDC Opportunity Zone IV LP is a verifiable 2026 Delaware investment partnership directly connected to U.S. Energy Development Corporation, but the latest SEC amendment shows that the vehicle remains very early in its fundraising cycle. The September 14, 2026 Form D/A reports a $100 million Rule 506(c) offering, $500,000 sold, $99.5 million remaining and a $100,000 minimum outside investment. The first sale is dated September 1, 2026. The filing simultaneously reports zero investors, despite $500,000 having been sold, an internal combination that FilingDossier would flag for clarification rather than attempt to explain without supporting documents. U.S. Energy Development Corporation is explicitly identified as Managing General Partner, while Matthew P. Iak and Jordan Jayson are listed as officers and directors of that managing GP. The issuer is classified directly as Oil & Gas, not as a generic pooled investment fund, making the underlying operating exposure an essential part of the diligence analysis.
USEDC Opportunity Zone IV LP · CIK 0002107877Read article →
Is Oceans Equity Fund I Legit? SEC Form D Review of Its 2026 Launch, Founder-Owned Buyout Strategy and Miami Lower-Middle-Market Platform
Oceans Equity Fund I, LP is a newly formed 2026 private equity fund tied to a Miami-based sponsor that already has a visible operating team, investment criteria and active portfolio, but the fund itself was still at the beginning of its fundraising cycle when its first Form D was filed. The September 16, 2026 SEC notic
Oceans Equity Fund I · CIK 0002149549Read article →
Is Institutional Drilling Fund III Legit? SEC Form D Review of U.S. Energy Development Corporation's $250 Million Oil & Gas Offering 2026
Institutional Drilling Fund III LP is a verifiable 2026 Delaware oil-and-gas investment partnership directly sponsored by U.S. Energy Development Corporation, a Fort Worth exploration and production company whose operating history extends back to 1980. The latest Form D/A, filed September 14, 2026, maintains a $250 million Rule 506(c) offering, a $100,000 minimum outside investment and $100,000 reported sold, leaving $249.9 million remaining. The filing reports a first sale on August 31, 2026, while also showing zero investors, an unusual combination that investors should ask the sponsor to reconcile rather than attempting to infer from the filing alone. U.S. Energy Development Corporation is expressly identified as the Managing General Partner, with Matthew P. Iak and Jordan Jayson listed as officers and directors of the managing GP. The fund therefore has a much stronger sponsor identity than a newly organized stand-alone drilling partnership, but its SEC filing remains an offering notice rather than evidence that $250 million has been raised, that drilling economics have been achieved, or that projected tax deductions and distributions will ultimately be realized.
Institutional Drilling Fund III LP · CIK 0002107894Read article →
Is Turning Rock Fund IV Legit? SEC Form D Review of Its $235.5M First Close, Non-Sponsor Private Credit Strategy and Public-Pension Backing 2026
Turning Rock Fund IV LP presents a materially different diligence story from the venture and infrastructure funds reviewed immediately before it. The September 17, 2026 Form D reports $235.5 million sold to just four investors only two weeks after a September 3 first sale, suggesting a concentrated institutional first-
Turning Rock Fund IV · CIK 0002153352Read article →
Is Generalize Fund I Legit? SEC Form D Review of Its $35M 2026 Venture Fund and Eliya Elon's Operator-to-Investor Transition
Generalize Fund I, L.P. is a newly formed 2026 venture capital fund with a straightforward SEC structure but a very limited public operating history under the Generalize brand. Its September 16, 2026 Form D identifies a $35 million offering, Generalize Fund I GP, LLC as general partner and Eliya Elon as managing member
Generalize Fund I · CIK 0002151416Read article →
Is Carlyle Phoenix SPV Legit? SEC Form D Review of Carlyle's New 2026 Private Equity SPV and Parallel Coinvestment Vehicles
Carlyle Phoenix SPV, L.P. is a newly disclosed 2025 Delaware private equity vehicle whose September 14, 2026 Form D can be connected directly to the broader Carlyle fund infrastructure through its Washington headquarters, TC Group general-partner entities, Carlyle personnel and placement-agent arrangements. The issuer is classified as a pooled private equity fund, relies on Rule 506(b) and Investment Company Act Section 3(c)(7), and offers pooled investment fund interests on an indefinite basis. At the time of filing, the first sale had not yet occurred, $0 had been reported sold and there were zero investors. That point is important because the filing documents the launch of an offering, not a completed fundraise. The SEC filing also identifies Jefferies LLC as sales-compensation recipient and estimates up to $1 million in sales commissions, distinguishing the primary Phoenix SPV from two related coinvestment vehicles filed the same day that reported no sales commissions.
Carlyle Phoenix SPV, L.P. · CIK 0002150137Read article →