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AnalysisAlternativesHedge Funds & Liquid AltsManager Moves & Launches

L2 Point files $500 million fund with PJT as placement agent

The fund's fee terms and strategy were not disclosed.

$500Mfund with PJT as placement agent

At a glance

  1. Alpinvest Secondaries IX Lux GP filed two private equity sidecar funds the same day, ASF IX Sidecar, L.P. and ASF IX Sidecar A, L.P., each with an indefinite offering amount and no capital sold.
  2. For fund selectors, Regal Tactical Opportunities (Offshore) Fund reported $145.1 million sold with a $100,000 minimum, and AQR Custom Low Beta Fund reported $50,000 sold against a $5 million minimum.
  3. Regal's first sale was July 1, 2025; AQR's first sale was Oct. 20, with AQR Investments as placement agent.

L2 Point Management filed for a $500 million fund, L2 Point Opportunities II, with PJT Partners as placement agent and no capital sold, according to an Oct. 29 Form D. The filing classifies the fund as an "other investment fund." Fee terms and strategy were not disclosed.

Alpinvest Secondaries IX Lux GP filed two private equity sidecar funds the same day, ASF IX Sidecar, L.P. and ASF IX Sidecar A, L.P., each with an indefinite offering amount and no capital sold. Both names link to the firm's ninth secondaries fund.

For fund selectors, Regal Tactical Opportunities (Offshore) Fund reported $145.1 million sold with a $100,000 minimum, and AQR Custom Low Beta Fund reported $50,000 sold against a $5 million minimum. Regal's first sale was July 1, 2025; AQR's first sale was Oct. 20, with AQR Investments as placement agent.

Only one of the four funds has drawn capital

Offering size and capital sold to date, in dollars, per Form D filed Oct. 29

FundOfferingSold to datePlacement agent
L2 Point Opportunities II$500M$0PJT Partners
ASF IX Sidecar, L.P.Indefinite$0None named
ASF IX Sidecar A, L.P.Indefinite$0None named
Regal Tactical Opportunities (Offshore)Indefinite$145.1MNone named
AQR Custom Low Beta FundIndefinite$50,000AQR Investments
Source: SEC Form D filings

Reported by the Hedge Funds & Liquid Alts desk from SEC EDGAR Form D, L2 Point Opportunities II, L.P., SEC EDGAR Form D, ASF IX Sidecar, L.P., SEC EDGAR Form D, ASF IX Sidecar A, L.P., SEC EDGAR Form D, Monolith Venture Fund III A L.P., SEC EDGAR Form D, Regal Tactical Opportunities (Offshore) Fund, SEC EDGAR Form D, AQR Custom Low Beta Fund, LLC and SEC EDGAR Form D, Ares USD U HB Rated Notes Feeder LP. Published . Corrections

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L2 Point files $500 million fund with PJT as placement agent