DLC Project Gambit, LP is a hedge fund based in Armonk, New York. According to its most recent Form D, filed Mar 12, 2026, the fund has sold $750,000 of interests to 2 investors since its first sale in Mar 2025. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Desert Light Capital GP, LLC; Noah Kazam.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $750,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Mar 1, 2025
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Desert Light Capital GP, LLC; Noah Kazam
- Latest Form D
- Mar 12, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about DLC Project Gambit, LP
What is the minimum investment for DLC Project Gambit, LP?
DLC Project Gambit, LP's latest Form D, filed Mar 12, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in DLC Project Gambit, LP?
DLC Project Gambit, LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has DLC Project Gambit, LP raised?
DLC Project Gambit, LP reports $750,000 sold from 2 investors on its Form D filed Mar 12, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is DLC Project Gambit, LP based?
DLC Project Gambit, LP is based in Armonk, New York.
When did DLC Project Gambit, LP launch?
DLC Project Gambit, LP reports its first sale in Mar 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 11% of the 2,544 hedge funds based in New York, and more than 4% of all 10,308 that report sales.